Mutual Advisors LLC boosted its position in shares of The Toronto-Dominion Bank (NYSE:TD – Free Report) (TSE:TD) by 467.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 24,779 shares of the bank’s stock after acquiring an additional 20,409 shares during the quarter. Mutual Advisors LLC’s holdings in Toronto-Dominion Bank were worth $1,371,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TD. Cerity Partners LLC raised its holdings in shares of Toronto-Dominion Bank by 57.1% in the third quarter. Cerity Partners LLC now owns 26,755 shares of the bank’s stock worth $1,693,000 after buying an additional 9,725 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in Toronto-Dominion Bank by 1.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,761,308 shares of the bank’s stock valued at $617,166,000 after acquiring an additional 144,427 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Toronto-Dominion Bank by 61.1% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,011,579 shares of the bank’s stock worth $380,118,000 after purchasing an additional 2,279,864 shares during the period. Galibier Capital Management Ltd. lifted its position in shares of Toronto-Dominion Bank by 24.6% during the third quarter. Galibier Capital Management Ltd. now owns 608,613 shares of the bank’s stock worth $38,527,000 after purchasing an additional 119,978 shares during the last quarter. Finally, Forsta AP Fonden boosted its stake in shares of Toronto-Dominion Bank by 3.2% during the third quarter. Forsta AP Fonden now owns 466,500 shares of the bank’s stock valued at $29,531,000 after purchasing an additional 14,500 shares during the period. 52.37% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research firms recently commented on TD. Jefferies Financial Group raised shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. StockNews.com downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Friday, December 27th. Royal Bank of Canada dropped their price objective on Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating on the stock in a research note on Friday, December 6th. Barclays lowered Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research report on Thursday, November 21st. Finally, Desjardins downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $80.50.
Toronto-Dominion Bank Stock Up 0.2 %
Shares of NYSE TD opened at $57.27 on Friday. The Toronto-Dominion Bank has a 12-month low of $51.25 and a 12-month high of $64.91. The stock’s fifty day simple moving average is $54.57 and its two-hundred day simple moving average is $57.37. The stock has a market capitalization of $100.25 billion, a PE ratio of 16.50, a price-to-earnings-growth ratio of 1.82 and a beta of 0.83. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11.
Toronto-Dominion Bank Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 10th will be paid a $0.7482 dividend. This represents a $2.99 annualized dividend and a yield of 5.23%. The ex-dividend date of this dividend 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 84.15%.
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.
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Want to see what other hedge funds are holding TD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Toronto-Dominion Bank (NYSE:TD – Free Report) (TSE:TD).
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