The Toronto-Dominion Bank (NYSE:TD) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC raised its holdings in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 19.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 738,580 shares of the bank's stock after purchasing an additional 119,000 shares during the quarter. Renaissance Technologies LLC's holdings in Toronto-Dominion Bank were worth $39,322,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Asahi Life Asset Management CO. LTD. purchased a new position in shares of Toronto-Dominion Bank in the fourth quarter valued at $416,000. Vanguard Group Inc. grew its stake 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 valued at $3,946,072,000 after buying an additional 1,415,934 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Toronto-Dominion Bank by 3.4% during the 4th quarter. JPMorgan Chase & Co. now owns 7,213,418 shares of the bank's stock worth $384,042,000 after purchasing an additional 236,037 shares during the period. Nicola Wealth Management LTD. lifted its holdings in shares of Toronto-Dominion Bank by 15.5% during the 4th quarter. Nicola Wealth Management LTD. now owns 510,002 shares of the bank's stock worth $27,153,000 after acquiring an additional 68,400 shares during the period. Finally, Te Ahumairangi Investment Management Ltd lifted its holdings in shares of Toronto-Dominion Bank by 21.2% during the fourth quarter. Te Ahumairangi Investment Management Ltd now owns 63,581 shares of the bank's stock valued at $3,383,000 after acquiring an additional 11,100 shares during the period. Institutional investors and hedge funds own 52.37% of the company's stock.

Wall Street Analysts Forecast Growth

TD has been the subject of several analyst reports. BMO Capital Markets upgraded Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a research report on Thursday, December 19th. Bank of America upgraded Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research report on Friday, January 17th. Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Tuesday, February 18th. Finally, StockNews.com downgraded shares of Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research report on Monday, February 24th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Toronto-Dominion Bank presently has an average rating of "Hold" and a consensus target price of $80.50.

Toronto-Dominion Bank Stock Up 0.7 %

Shares of TD stock traded up $0.43 during mid-day trading on Wednesday, hitting $60.27. The stock had a trading volume of 343,888 shares, compared to its average volume of 2,512,705. The firm's 50-day moving average is $59.19 and its two-hundred day moving average is $57.18. 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 capitalization of $105.61 billion, a P/E ratio of 17.37, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. The Toronto-Dominion Bank has a 12-month low of $51.25 and a 12-month high of $64.91.

Toronto-Dominion Bank Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be issued a $0.7278 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.91 dividend on an annualized basis and a yield of 4.83%. Toronto-Dominion Bank's 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.