Natixis Buys 51,331 Shares of The Toronto-Dominion Bank (NYSE:TD)

Natixis grew its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 342.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 66,320 shares of the bank’s stock after buying an additional 51,331 shares during the period. Natixis’ holdings in Toronto-Dominion Bank were worth $3,531,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TD. Claret Asset Management Corp boosted its holdings in Toronto-Dominion Bank by 106.7% in the 4th quarter. Claret Asset Management Corp now owns 124,751 shares of the bank’s stock worth $6,638,000 after buying an additional 64,399 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Toronto-Dominion Bank by 7.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,289,369 shares of the bank’s stock valued at $388,084,000 after purchasing an additional 500,316 shares in the last quarter. First Trust Advisors LP increased its position in shares of Toronto-Dominion Bank by 9.1% during the fourth quarter. First Trust Advisors LP now owns 866,806 shares of the bank’s stock valued at $46,149,000 after buying an additional 72,135 shares during the period. Forum Financial Management LP boosted its position in shares of Toronto-Dominion Bank by 64.2% in the fourth quarter. Forum Financial Management LP now owns 18,711 shares of the bank’s stock valued at $996,000 after acquiring an additional 7,313 shares during the period. Finally, GeoWealth Management LLC boosted its position in shares of Toronto-Dominion Bank by 972.9% in the fourth quarter. GeoWealth Management LLC now owns 1,030 shares of the bank’s stock valued at $55,000 after acquiring an additional 934 shares during the period. Institutional investors own 52.37% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on TD shares. StockNews.com downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Monday, February 24th. Jefferies Financial Group cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, February 18th. Finally, Bank of America raised Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $80.50.

Toronto-Dominion Bank Stock Performance

Toronto-Dominion Bank stock opened at $60.89 on Tuesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.03 and a current ratio of 1.03. The Toronto-Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $64.91. The stock has a market cap of $106.70 billion, a price-to-earnings ratio of 17.55, a PEG ratio of 1.95 and a beta of 0.73. The stock’s 50 day simple moving average is $59.27 and its two-hundred day simple moving average is $57.06.

Toronto-Dominion Bank Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be given a $0.7278 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.91 annualized dividend and a yield of 4.78%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 85.59%.

Toronto-Dominion Bank 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.