Tudor Financial Inc. Acquires Shares of 4,240 The Toronto-Dominion Bank (NYSE:TD)

Tudor Financial Inc. bought a new position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) in the 3rd quarter, Holdings Channel.com reports. The firm bought 4,240 shares of the bank’s stock, valued at approximately $268,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Dunhill Financial LLC grew its holdings in Toronto-Dominion Bank by 164.9% during the third quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock worth $25,000 after acquiring an additional 249 shares during the period. Triad Wealth Partners LLC acquired a new position in shares of Toronto-Dominion Bank during the 2nd quarter worth $31,000. Blue Trust Inc. grew its stake in shares of Toronto-Dominion Bank by 50.7% during the 2nd quarter. Blue Trust Inc. now owns 630 shares of the bank’s stock worth $38,000 after purchasing an additional 212 shares during the period. Kimelman & Baird LLC acquired a new stake in shares of Toronto-Dominion Bank in the second quarter valued at about $49,000. Finally, Morse Asset Management Inc acquired a new stake in shares of Toronto-Dominion Bank in the third quarter valued at about $63,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TD shares. StockNews.com raised shares of Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a report on Monday. Jefferies Financial Group raised Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a report on Thursday. National Bank Financial raised Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a report on Thursday, August 22nd. Desjardins downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Finally, Barclays cut shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $80.50.

Toronto-Dominion Bank Trading Down 0.0 %

Toronto-Dominion Bank stock opened at $53.47 on Friday. The stock has a 50-day moving average price of $56.69 and a 200 day moving average price of $57.58. The Toronto-Dominion Bank has a 52 week low of $51.74 and a 52 week high of $65.12. The stock has a market cap of $93.59 billion, a PE ratio of 15.41, a P/E/G ratio of 1.70 and a beta of 0.82. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.11.

Toronto-Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be given a $0.7482 dividend. This represents a $2.99 dividend on an annualized basis and a dividend yield of 5.60%. The ex-dividend date is Friday, January 10th. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. Toronto-Dominion Bank’s payout ratio is currently 87.03%.

About Toronto-Dominion Bank

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.