The Toronto-Dominion Bank (NYSE:TD) Shares Bought by NewEdge Advisors LLC

NewEdge Advisors LLC boosted its position in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 198.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,334 shares of the bank's stock after acquiring an additional 4,211 shares during the quarter. NewEdge Advisors LLC's holdings in Toronto-Dominion Bank were worth $337,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in TD. Lee Danner & Bass Inc. purchased a new stake in shares of Toronto-Dominion Bank during the fourth quarter valued at approximately $27,000. Bank of Jackson Hole Trust acquired a new position in Toronto-Dominion Bank in the 4th quarter worth $32,000. Versant Capital Management Inc boosted its position in Toronto-Dominion Bank by 40.0% in the 4th quarter. Versant Capital Management Inc now owns 700 shares of the bank's stock valued at $37,000 after buying an additional 200 shares during the last quarter. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Toronto-Dominion Bank during the fourth quarter worth about $39,000. Finally, SBI Securities Co. Ltd. purchased a new position in Toronto-Dominion Bank in the fourth quarter valued at about $51,000. Hedge funds and other institutional investors own 52.37% of the company's stock.

Wall Street Analyst Weigh In

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

Toronto-Dominion Bank Stock Performance

TD traded up $0.80 during trading on Friday, reaching $63.94. 1,352,976 shares of the company were exchanged, compared to its average volume of 2,466,726. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11. The stock has a market cap of $110.99 billion, a P/E ratio of 18.43, a PEG ratio of 1.95 and a beta of 0.73. The Toronto-Dominion Bank has a 52 week low of $51.25 and a 52 week high of $64.91. The firm has a 50 day moving average of $59.70 and a 200 day moving average of $57.22.

Toronto-Dominion Bank Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th were paid a dividend of $0.7278 per share. This represents a $2.91 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date was Thursday, April 10th. Toronto-Dominion Bank's payout ratio is 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.