Northern Trust Corp Has $60.83 Million Stock Holdings in The Toronto-Dominion Bank (NYSE:TD)

Northern Trust Corp lifted its position in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 36.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,142,569 shares of the bank's stock after acquiring an additional 303,836 shares during the period. Northern Trust Corp owned about 0.07% of Toronto-Dominion Bank worth $60,830,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Frank Rimerman Advisors LLC grew its position in Toronto-Dominion Bank by 3.2% during the 4th quarter. Frank Rimerman Advisors LLC now owns 5,446 shares of the bank's stock worth $290,000 after purchasing an additional 171 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Toronto-Dominion Bank by 40.0% during the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank's stock valued at $37,000 after buying an additional 200 shares in the last quarter. Cardinal Capital Management lifted its stake in 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 acquiring an additional 205 shares in the last quarter. Blue Trust Inc. lifted its stake in Toronto-Dominion Bank by 9.1% in the 4th quarter. Blue Trust Inc. now owns 2,987 shares of the bank's stock worth $159,000 after acquiring an additional 250 shares in the last quarter. Finally, Bridgewater Advisors Inc. boosted its position in Toronto-Dominion Bank by 2.8% during the 4th 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. Institutional investors and hedge funds own 52.37% of the company's stock.

Toronto-Dominion Bank Stock Up 0.2 %

NYSE TD traded up $0.14 during trading on Friday, hitting $63.19. 921,346 shares of the company traded hands, compared to its average volume of 2,400,227. The Toronto-Dominion Bank has a 12 month low of $51.25 and a 12 month high of $64.91. The business has a fifty day simple moving average of $60.17 and a 200 day simple moving average of $57.51. The company 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 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 business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th were given a dividend of $0.7278 per share. The ex-dividend date was Thursday, April 10th. This represents a $2.91 dividend on an annualized basis and a yield of 4.61%. Toronto-Dominion Bank's payout ratio is currently 85.59%.

Wall Street Analyst Weigh In

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

Toronto-Dominion Bank 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.