American Century Companies Inc. Raises Holdings in The Toronto-Dominion Bank (NYSE:TD)

American Century Companies Inc. raised its position in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 7.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 334,137 shares of the bank's stock after buying an additional 21,927 shares during the period. American Century Companies Inc.'s holdings in Toronto-Dominion Bank were worth $17,789,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in TD. Dunhill Financial LLC lifted its stake in Toronto-Dominion Bank by 164.9% in the third quarter. Dunhill Financial LLC now owns 400 shares of the bank's stock valued at $25,000 after buying an additional 249 shares during the period. Lee Danner & Bass Inc. bought a new position in shares of Toronto-Dominion Bank during the 4th quarter valued at about $27,000. Bank of Jackson Hole Trust acquired a new position in shares of Toronto-Dominion Bank in the fourth quarter valued at approximately $32,000. Versant Capital Management Inc raised its stake in shares of Toronto-Dominion Bank by 40.0% in the 4th quarter. Versant Capital Management Inc now owns 700 shares of the bank's stock valued at $37,000 after purchasing an additional 200 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in Toronto-Dominion Bank during the 4th quarter worth approximately $51,000. 52.37% of the stock is owned by institutional investors and hedge funds.

Toronto-Dominion Bank Price Performance

TD traded down $1.24 on Thursday, reaching $58.67. The company had a trading volume of 2,544,626 shares, compared to its average volume of 2,560,942. 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 business has a 50 day simple moving average of $59.14 and a 200 day simple moving average of $57.59. The Toronto-Dominion Bank has a 52-week low of $51.25 and a 52-week high of $64.91. The company has a market cap of $102.82 billion, a price-to-earnings ratio of 16.91, a P/E/G ratio of 1.95 and a beta of 0.83.

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Toronto-Dominion Bank Cuts Dividend

The company 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 $0.7278 dividend. This represents a $2.91 dividend on an annualized basis and a dividend yield of 4.96%. The ex-dividend date of this dividend is Thursday, April 10th. Toronto-Dominion Bank's payout ratio is 85.29%.

Analysts Set New Price Targets

Several analysts have issued reports on TD shares. Desjardins lowered shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Friday, December 6th. StockNews.com downgraded shares of Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research report on Monday, February 24th. Royal Bank of Canada decreased their target price on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a "sector perform" rating on the stock in a report on Friday, December 6th. Bank of America raised Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a report on Friday, January 17th. Finally, 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. Two analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Toronto-Dominion Bank has an average rating of "Hold" and an average target price of $80.50.

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.