Arrowstreet Capital Limited Partnership Decreases Stock Position in The Toronto-Dominion Bank (NYSE:TD)

Arrowstreet Capital Limited Partnership lessened its holdings in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 57.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,528,256 shares of the bank's stock after selling 2,087,664 shares during the period. Arrowstreet Capital Limited Partnership owned 0.09% of Toronto-Dominion Bank worth $81,294,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TD. Vanguard Group Inc. raised its stake in Toronto-Dominion Bank by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 74,118,551 shares of the bank's stock valued at $3,946,072,000 after purchasing an additional 1,415,934 shares during the last quarter. Norges Bank acquired a new position in shares of Toronto-Dominion Bank in the fourth quarter valued at approximately $992,204,000. Beutel Goodman & Co Ltd. lifted its stake in shares of Toronto-Dominion Bank by 3.8% during the fourth quarter. Beutel Goodman & Co Ltd. now owns 16,803,807 shares of the bank's stock valued at $894,169,000 after buying an additional 622,736 shares during the period. CIBC Asset Management Inc boosted its position in Toronto-Dominion Bank by 0.4% during the fourth quarter. CIBC Asset Management Inc now owns 16,575,599 shares of the bank's stock worth $882,241,000 after acquiring an additional 59,956 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Toronto-Dominion Bank by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 7,962,173 shares of the bank's stock worth $506,846,000 after acquiring an additional 479,624 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 Down 2.1 %

Shares of Toronto-Dominion Bank stock traded down $1.24 during trading hours on Thursday, hitting $58.67. The company's stock had a trading volume of 2,544,626 shares, compared to its average volume of 2,560,942. The business has a fifty day moving average of $59.14 and a 200 day moving average of $57.59. The Toronto-Dominion Bank has a 1-year low of $51.25 and a 1-year high of $64.91. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $102.82 billion, a PE ratio of 16.91, a P/E/G ratio of 1.95 and a beta of 0.83.

Toronto-Dominion Bank Cuts Dividend

The business 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 annualized dividend and a yield of 4.96%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank's dividend payout ratio (DPR) is presently 85.29%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TD shares. Bank of America raised Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research report on Friday, January 17th. StockNews.com cut Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a report on Monday, February 24th. Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Tuesday, February 18th. Scotiabank downgraded shares of Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a report on Friday, December 6th. 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 issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company 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.