Tower Research Capital LLC TRC Raises Position in The Toronto-Dominion Bank (NYSE:TD)

Tower Research Capital LLC TRC raised its stake in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 347.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,213 shares of the bank's stock after buying an additional 17,252 shares during the quarter. Tower Research Capital LLC TRC's holdings in Toronto-Dominion Bank were worth $1,183,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TD. Frank Rimerman Advisors LLC raised its holdings in shares of Toronto-Dominion Bank by 3.2% during the 4th quarter. Frank Rimerman Advisors LLC now owns 5,446 shares of the bank's stock valued at $290,000 after purchasing an additional 171 shares in the last quarter. Passumpsic Savings Bank raised its holdings in Toronto-Dominion Bank by 2.6% during the third quarter. Passumpsic Savings Bank now owns 7,530 shares of the bank's stock valued at $476,000 after buying an additional 194 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Toronto-Dominion Bank by 40.0% in the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank's stock worth $37,000 after buying an additional 200 shares during the last quarter. Cardinal Capital Management boosted its stake in shares of Toronto-Dominion Bank by 0.5% during the 4th quarter. Cardinal Capital Management now owns 44,685 shares of the bank's stock worth $2,379,000 after acquiring an additional 205 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Toronto-Dominion Bank by 9.1% during the 4th quarter. Blue Trust Inc. now owns 2,987 shares of the bank's stock valued at $159,000 after acquiring an additional 250 shares during the last quarter. Institutional investors and hedge funds own 52.37% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Bank of America raised 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 research report on Tuesday, February 18th. Finally, StockNews.com lowered Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research note on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $80.50.

Toronto-Dominion Bank Stock Performance

Shares of Toronto-Dominion Bank stock traded up $0.01 during trading hours on Wednesday, reaching $63.28. The company had a trading volume of 250,869 shares, compared to its average volume of 2,480,738. The firm has a market cap of $109.84 billion, a PE ratio of 18.23, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. The Toronto-Dominion Bank has a one year low of $51.25 and a one year high of $64.91. 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 simple moving average of $59.55 and a 200 day simple moving average of $57.13.

Toronto-Dominion Bank Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be issued a $0.7278 dividend. This represents a $2.91 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank's payout ratio is 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.