Nuveen Asset Management LLC Grows Stake in The Toronto-Dominion Bank (NYSE:TD)

Nuveen Asset Management LLC increased its stake in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 0.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,079,505 shares of the bank's stock after purchasing an additional 8,241 shares during the period. Nuveen Asset Management LLC owned 0.12% of Toronto-Dominion Bank worth $110,655,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC increased its stake in Toronto-Dominion Bank by 44.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,977 shares of the bank's stock worth $531,000 after acquiring an additional 3,082 shares during the last quarter. Avanza Fonder AB bought a new position in Toronto-Dominion Bank in the 4th quarter worth about $6,416,000. Arkadios Wealth Advisors bought a new position in Toronto-Dominion Bank in the 4th quarter worth about $268,000. Bridgewater Advisors Inc. increased its stake in Toronto-Dominion Bank by 2.8% in 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 last quarter. Finally, Mutual Advisors LLC increased its stake in Toronto-Dominion Bank by 467.0% in the 4th quarter. Mutual Advisors LLC now owns 24,779 shares of the bank's stock worth $1,371,000 after acquiring an additional 20,409 shares during the last quarter. Hedge funds and other institutional investors own 52.37% of the company's stock.

Toronto-Dominion Bank Trading Down 0.1%

TD traded down $0.04 during trading on Tuesday, hitting $64.70. 1,465,377 shares of the stock traded hands, compared to its average volume of 2,374,494. The firm has a market capitalization of $112.31 billion, a P/E ratio of 18.65, a price-to-earnings-growth ratio of 1.95 and a beta of 0.81. The firm has a 50-day moving average of $60.82 and a 200 day moving average of $57.87. 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 Toronto-Dominion Bank has a 12-month low of $51.25 and a 12-month high of $65.01.

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 given a $0.7278 dividend. This represents a $2.91 annualized dividend and a yield of 4.50%. The ex-dividend date was Thursday, April 10th. Toronto-Dominion Bank's dividend payout ratio is presently 85.59%.

Wall Street Analyst Weigh In

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

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.