First Trust Advisors LP Purchases 72,135 Shares of The Toronto-Dominion Bank (NYSE:TD)

First Trust Advisors LP increased its position in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 9.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 866,806 shares of the bank's stock after buying an additional 72,135 shares during the quarter. First Trust Advisors LP's holdings in Toronto-Dominion Bank were worth $46,149,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Forum Financial Management LP lifted its holdings in shares of Toronto-Dominion Bank by 64.2% in the 4th quarter. Forum Financial Management LP now owns 18,711 shares of the bank's stock worth $996,000 after purchasing an additional 7,313 shares in the last quarter. GeoWealth Management LLC boosted its stake in Toronto-Dominion Bank by 972.9% during the 4th quarter. GeoWealth Management LLC now owns 1,030 shares of the bank's stock valued at $55,000 after purchasing an additional 934 shares during the last quarter. Coleford Investment Management Ltd. bought a new stake in Toronto-Dominion Bank during the 4th quarter worth approximately $13,477,000. Wasatch Advisors LP raised its stake in shares of Toronto-Dominion Bank by 11.9% in the fourth quarter. Wasatch Advisors LP now owns 43,420 shares of the bank's stock worth $2,309,000 after purchasing an additional 4,610 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of Toronto-Dominion Bank by 198.4% during the fourth quarter. NewEdge Advisors LLC now owns 6,334 shares of the bank's stock valued at $337,000 after buying an additional 4,211 shares during the last quarter. Institutional investors own 52.37% of the company's stock.

Toronto-Dominion Bank Trading Up 0.4 %

Shares of Toronto-Dominion Bank stock traded up $0.22 during midday trading on Tuesday, reaching $62.96. 199,636 shares of the company's stock traded hands, compared to its average volume of 2,476,456. The Toronto-Dominion Bank has a 12 month low of $51.25 and a 12 month high of $64.91. The company has a market cap of $109.29 billion, a PE ratio of 18.16, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. The stock has a 50 day moving average of $59.49 and a 200-day moving average of $57.09. 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.7278 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.91 dividend on an annualized basis and a dividend yield of 4.62%. Toronto-Dominion Bank's dividend payout ratio is currently 85.59%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TD. Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Bank of America upgraded Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. Finally, StockNews.com downgraded shares of Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a report on Monday, February 24th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Toronto-Dominion Bank currently has an average rating of "Hold" and a consensus 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.