Man Group plc Raises Position in The Toronto-Dominion Bank (NYSE:TD)

Man Group plc grew its position in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 414.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 323,711 shares of the bank's stock after purchasing an additional 260,818 shares during the period. Man Group plc's holdings in Toronto-Dominion Bank were worth $17,234,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Nuveen Asset Management LLC boosted its position in shares of Toronto-Dominion Bank by 0.4% in the 4th quarter. Nuveen Asset Management LLC now owns 2,079,505 shares of the bank's stock worth $110,655,000 after purchasing an additional 8,241 shares during the last quarter. Numerai GP LLC increased its holdings in shares of Toronto-Dominion Bank by 504.8% during the fourth quarter. Numerai GP LLC now owns 45,329 shares of the bank's stock worth $2,413,000 after buying an additional 37,834 shares in the last quarter. Letko Brosseau & Associates Inc. increased its holdings in Toronto-Dominion Bank by 4.3% in the fourth quarter. Letko Brosseau & Associates Inc. now owns 3,352,390 shares of the bank's stock valued at $178,389,000 after purchasing an additional 138,355 shares during the period. Graham Capital Management L.P. bought a new stake in Toronto-Dominion Bank during the fourth quarter valued at $4,325,000. Finally, Focus Partners Wealth lifted its position in Toronto-Dominion Bank by 235.1% in the 4th quarter. Focus Partners Wealth now owns 19,560 shares of the bank's stock valued at $1,041,000 after acquiring an additional 13,723 shares in the last quarter. Institutional investors own 52.37% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TD. StockNews.com upgraded shares of Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Jefferies Financial Group downgraded shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Tuesday, February 18th. Finally, Scotiabank initiated coverage on shares of Toronto-Dominion Bank in a report on Thursday, May 15th. They set a "sector perform" rating for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $80.50.

Toronto-Dominion Bank Price Performance

Toronto-Dominion Bank stock traded down $0.04 during mid-day trading on Tuesday, hitting $64.70. The stock had a trading volume of 1,465,377 shares, compared to its average volume of 2,380,770. The firm's 50 day moving average is $60.82 and its 200 day moving average is $57.87. The Toronto-Dominion Bank has a one year low of $51.25 and a one year high of $65.01. The firm has a market capitalization of $112.31 billion, a P/E ratio of 18.65, a P/E/G ratio of 1.95 and a beta of 0.81. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11.

Toronto-Dominion Bank Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th were issued a $0.7278 dividend. This represents a $2.91 annualized dividend and a yield of 4.50%. The ex-dividend date of this dividend was Thursday, April 10th. Toronto-Dominion Bank's dividend payout ratio is currently 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.