Graham Capital Management L.P. Makes New $4.33 Million Investment in The Toronto-Dominion Bank (NYSE:TD)

Graham Capital Management L.P. bought a new position in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 81,236 shares of the bank's stock, valued at approximately $4,325,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Frank Rimerman Advisors LLC boosted its position in Toronto-Dominion Bank by 3.2% in the fourth quarter. Frank Rimerman Advisors LLC now owns 5,446 shares of the bank's stock worth $290,000 after purchasing an additional 171 shares during the last quarter. Cardinal Capital Management boosted its holdings in shares of Toronto-Dominion Bank by 0.5% in the 4th quarter. Cardinal Capital Management now owns 44,685 shares of the bank's stock worth $2,379,000 after buying an additional 205 shares during the last quarter. CoreCap Advisors LLC grew its position in Toronto-Dominion Bank by 57.5% during the fourth quarter. CoreCap Advisors LLC now owns 630 shares of the bank's stock valued at $34,000 after buying an additional 230 shares during the period. Blue Trust Inc. increased its holdings in Toronto-Dominion Bank by 9.1% during the fourth quarter. Blue Trust Inc. now owns 2,987 shares of the bank's stock worth $159,000 after buying an additional 250 shares during the last quarter. Finally, Bridgewater Advisors Inc. raised its position in Toronto-Dominion Bank by 2.8% in the fourth quarter. Bridgewater Advisors Inc. now owns 10,381 shares of the bank's stock worth $568,000 after acquiring an additional 286 shares during the period. Hedge funds and other institutional investors own 52.37% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on TD. Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Bank of America upgraded Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. Finally, StockNews.com downgraded Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research note on Monday, February 24th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Toronto-Dominion Bank has a consensus rating of "Hold" and an average price target of $80.50.

Toronto-Dominion Bank Price Performance

Toronto-Dominion Bank stock opened at $63.19 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03. The Toronto-Dominion Bank has a one year low of $51.25 and a one year high of $64.91. The firm has a market capitalization of $109.69 billion, a P/E ratio of 18.21, a PEG ratio of 1.95 and a beta of 0.81. The business has a fifty day moving average price of $60.17 and a 200-day moving average price of $57.51.

Toronto-Dominion Bank Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th were issued a dividend of $0.7278 per share. This represents a $2.91 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date was Thursday, April 10th. Toronto-Dominion Bank's payout ratio is presently 85.59%.

Toronto-Dominion Bank Company Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.

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