Numerai GP LLC Acquires 37,834 Shares of The Toronto-Dominion Bank (NYSE:TD)

Numerai GP LLC increased its position in shares of 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 SEC. The institutional investor owned 45,329 shares of the bank's stock after buying 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 have also modified their holdings of the company. Norges Bank bought a new stake in Toronto-Dominion Bank in the 4th quarter valued at $992,204,000. FIL Ltd lifted its position in shares of Toronto-Dominion Bank by 17.3% during the 4th quarter. FIL Ltd now owns 38,989,749 shares of the bank's stock worth $2,075,819,000 after buying an additional 5,756,584 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Toronto-Dominion Bank by 32.2% during the 4th quarter. Geode Capital Management LLC now owns 10,526,821 shares of the bank's stock worth $569,878,000 after buying an additional 2,564,648 shares during the last quarter. Vanguard Group Inc. increased its holdings in Toronto-Dominion Bank by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 74,118,551 shares of the bank's stock worth $3,946,072,000 after purchasing an additional 1,415,934 shares in the last quarter. Finally, Guardian Partners Inc. acquired a new stake in shares of Toronto-Dominion Bank in the fourth quarter valued at about $38,332,000. 52.37% of the stock is currently owned by institutional investors.

Toronto-Dominion Bank Price Performance

TD stock traded up $0.44 during mid-day trading on Monday, hitting $64.75. 228,210 shares of the stock were exchanged, compared to its average volume of 2,375,884. 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 business has a fifty day moving average price of $60.69 and a 200 day moving average price of $57.81. The Toronto-Dominion Bank has a 12 month low of $51.25 and a 12 month high of $64.97. The stock has a market capitalization of $112.40 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 1.95 and a beta of 0.81.

Toronto-Dominion Bank Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th were paid a $0.7278 dividend. This represents a $2.91 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date was Thursday, April 10th. Toronto-Dominion Bank's dividend payout ratio (DPR) is presently 85.59%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TD shares. Jefferies Financial Group cut Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Tuesday, February 18th. StockNews.com upgraded Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Finally, Scotiabank began coverage on Toronto-Dominion Bank in a research report on Thursday. They issued a "sector perform" rating for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average 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.