Raymond James Financial Inc. Takes $7.87 Million Position in The Toronto-Dominion Bank (NYSE:TD)

Raymond James Financial Inc. acquired a new stake in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 147,721 shares of the bank's stock, valued at approximately $7,865,000.

A number of other large investors have also added to or reduced their stakes in TD. Morse Asset Management Inc bought a new position in Toronto-Dominion Bank in the 3rd quarter valued at approximately $63,000. Passumpsic Savings Bank raised its holdings in Toronto-Dominion Bank by 2.6% in the 3rd quarter. Passumpsic Savings Bank now owns 7,530 shares of the bank's stock valued at $476,000 after buying an additional 194 shares during the last quarter. Tudor Financial Inc. bought a new position in Toronto-Dominion Bank in the 3rd quarter valued at approximately $268,000. World Investment Advisors LLC acquired a new stake in Toronto-Dominion Bank during the 3rd quarter valued at approximately $265,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Toronto-Dominion Bank during the 3rd quarter valued at approximately $247,000. Institutional investors own 52.37% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have 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. StockNews.com downgraded shares of Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research report on Monday, February 24th. Finally, Jefferies Financial Group downgraded shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $80.50.

Toronto-Dominion Bank Stock Up 0.9 %

Shares of NYSE TD traded up $0.54 during trading on Monday, hitting $62.71. 3,066,707 shares of the company traded hands, compared to its average volume of 2,485,453. The business's fifty day moving average is $59.49 and its 200 day moving average is $57.09. The Toronto-Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $64.91. The firm has a market capitalization of $108.86 billion, a price-to-earnings ratio of 18.07, a P/E/G ratio of 1.95 and a beta of 0.73. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.03 and a current ratio of 1.03.

Toronto-Dominion Bank Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.7278 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.91 annualized dividend and a dividend yield of 4.64%. Toronto-Dominion Bank's dividend payout ratio is currently 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.