Bank of Nova Scotia lessened its stake in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 8.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,401,565 shares of the bank's stock after selling 3,096,088 shares during the period. Toronto-Dominion Bank makes up about 3.3% of Bank of Nova Scotia's holdings, making the stock its 5th biggest holding. Bank of Nova Scotia owned 1.91% of Toronto-Dominion Bank worth $1,778,019,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently made changes to their positions in the stock. Norges Bank purchased a new position in Toronto-Dominion Bank in the fourth quarter worth $992,204,000. FIL Ltd increased its position in shares of Toronto-Dominion Bank by 17.3% during the 4th quarter. FIL Ltd now owns 38,989,749 shares of the bank's stock valued at $2,075,819,000 after purchasing an additional 5,756,584 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Toronto-Dominion Bank by 32.2% during the 4th quarter. Geode Capital Management LLC now owns 10,526,821 shares of the bank's stock valued at $569,878,000 after buying an additional 2,564,648 shares in the last quarter. Vanguard Group Inc. lifted its position 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 worth $3,946,072,000 after buying an additional 1,415,934 shares during the last quarter. Finally, Guardian Partners Inc. bought a new stake in Toronto-Dominion Bank in the 4th quarter worth approximately $38,332,000. Institutional investors own 52.37% of the company's stock.
Toronto-Dominion Bank Trading Up 3.2 %
Shares of Toronto-Dominion Bank stock traded up $1.79 during trading on Friday, reaching $58.43. 2,367,489 shares of the stock were exchanged, compared to its average volume of 2,529,682. The Toronto-Dominion Bank has a 1 year low of $51.25 and a 1 year high of $64.91. The firm has a market cap of $102.39 billion, a price-to-earnings ratio of 16.84, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. 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 stock's fifty day moving average is $59.10 and its 200 day moving average is $57.19.
Toronto-Dominion Bank Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.98%. Toronto-Dominion Bank's dividend payout ratio is currently 85.29%.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on TD. Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Tuesday, February 18th. 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. Bank of America raised Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. Finally, StockNews.com lowered Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research note on Monday, February 24th. Two analysts have rated the stock with a sell rating, six have given 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.com, the company presently has an average rating of "Hold" and an average target price of $80.50.
Read Our Latest Stock Report on TD
About Toronto-Dominion Bank
(
Free Report)
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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