Numerai GP LLC Grows Position in The Toronto-Dominion Bank (NYSE:TD)

Numerai GP LLC increased its holdings in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 504.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 45,329 shares of the bank's stock after acquiring an additional 37,834 shares during the quarter. Numerai GP LLC's holdings in Toronto-Dominion Bank were worth $2,413,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Frank Rimerman Advisors LLC lifted its position in shares of Toronto-Dominion Bank by 3.2% during the fourth quarter. Frank Rimerman Advisors LLC now owns 5,446 shares of the bank's stock valued at $290,000 after buying an additional 171 shares during the last quarter. Cardinal Capital Management lifted its position in shares of Toronto-Dominion Bank by 0.5% during the fourth quarter. Cardinal Capital Management now owns 44,685 shares of the bank's stock valued at $2,379,000 after buying an additional 205 shares during the last quarter. CoreCap Advisors LLC lifted its position in shares of 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 last quarter. Blue Trust Inc. lifted its position in shares of Toronto-Dominion Bank by 9.1% during the fourth quarter. Blue Trust Inc. now owns 2,987 shares of the bank's stock valued at $159,000 after buying an additional 250 shares during the last quarter. Finally, Bridgewater Advisors Inc. lifted its position in shares of Toronto-Dominion Bank by 2.8% during the fourth quarter. Bridgewater Advisors Inc. now owns 10,381 shares of the bank's stock valued at $568,000 after buying an additional 286 shares during the last quarter. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Stock Performance

NYSE:TD traded down $0.71 during midday trading on Friday, hitting $64.27. The company's stock had a trading volume of 2,821,895 shares, compared to its average volume of 2,385,075. The Toronto-Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $64.97. The firm's 50 day moving average is $60.69 and its 200-day moving average is $57.77. 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 firm has a market cap of $111.56 billion, a P/E ratio of 18.52, a P/E/G ratio of 1.95 and a beta of 0.81.

Toronto-Dominion Bank Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 10th were issued a $0.7278 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $2.91 annualized dividend and a yield of 4.53%. Toronto-Dominion Bank's dividend payout ratio (DPR) is presently 85.59%.

Wall Street Analyst Weigh In

Several research firms have commented on TD. 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. StockNews.com upgraded shares of Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a report on Wednesday. Bank of America upgraded shares of Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a report on Friday, January 17th. Finally, Scotiabank assumed coverage on shares of Toronto-Dominion Bank in a report on Thursday. They set a "sector perform" rating on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Toronto-Dominion Bank presently has a consensus rating of "Hold" and a consensus 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.