Bank Julius Baer & Co. Ltd Zurich Acquires New Holdings in The Toronto-Dominion Bank (NYSE:TD)

Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,020 shares of the bank's stock, valued at approximately $267,000.

Other hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company increased its holdings in shares of Toronto-Dominion Bank by 24.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 13,509,261 shares of the bank's stock worth $854,815,000 after acquiring an additional 2,689,532 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its position in Toronto-Dominion Bank by 61.1% in the 3rd 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 last quarter. Quadrature Capital Ltd increased its stake in shares of Toronto-Dominion Bank by 175.5% in the third quarter. Quadrature Capital Ltd now owns 2,467,300 shares of the bank's stock valued at $156,202,000 after purchasing an additional 1,571,700 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Toronto-Dominion Bank by 64.6% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,273,520 shares of the bank's stock valued at $143,922,000 after buying an additional 892,183 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its position in shares of Toronto-Dominion Bank by 5.4% during the third quarter. CIBC Asset Management Inc now owns 16,515,643 shares of the bank's stock worth $1,046,825,000 after buying an additional 853,313 shares during the period. 52.37% of the stock is currently owned by institutional investors and hedge funds.

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Toronto-Dominion Bank Trading Up 1.2 %

Shares of TD traded up $0.67 during midday trading on Wednesday, hitting $58.34. The stock had a trading volume of 415,908 shares, compared to its average volume of 2,411,174. The Toronto-Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $64.91. The business has a 50-day simple moving average of $57.62 and a two-hundred day simple moving average of $57.63. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11. The firm has a market cap of $102.23 billion, a P/E ratio of 16.82, a price-to-earnings-growth ratio of 1.95 and a beta of 0.83.

Toronto-Dominion Bank Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be given a dividend of $0.7278 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.91 dividend on an annualized basis and a yield of 4.99%. Toronto-Dominion Bank's payout ratio is presently 85.29%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TD. Desjardins lowered Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Friday, December 6th. StockNews.com lowered shares of Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research report on Monday, February 24th. Scotiabank cut shares of Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a research note on Friday, December 6th. BMO Capital Markets raised shares of Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a research note on Thursday, December 19th. Finally, Barclays lowered shares of Toronto-Dominion Bank from an "equal weight" rating to an "underweight" rating in a research note on Thursday, November 21st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price 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.