Bridgewater Associates LP Buys 155,197 Shares of The Toronto-Dominion Bank (NYSE:TD)

Bridgewater Associates LP boosted its position in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 280.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 210,583 shares of the bank's stock after purchasing an additional 155,197 shares during the period. Bridgewater Associates LP's holdings in Toronto-Dominion Bank were worth $11,206,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Asahi Life Asset Management CO. LTD. acquired a new position in Toronto-Dominion Bank in the 4th quarter valued at approximately $416,000. Vanguard Group Inc. boosted its position in Toronto-Dominion Bank by 1.9% during the fourth 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. JPMorgan Chase & Co. grew its stake in Toronto-Dominion Bank by 3.4% in the fourth quarter. JPMorgan Chase & Co. now owns 7,213,418 shares of the bank's stock valued at $384,042,000 after purchasing an additional 236,037 shares in the last quarter. Nicola Wealth Management LTD. increased its position in Toronto-Dominion Bank by 15.5% in the 4th quarter. Nicola Wealth Management LTD. now owns 510,002 shares of the bank's stock worth $27,153,000 after purchasing an additional 68,400 shares during the last quarter. Finally, Te Ahumairangi Investment Management Ltd lifted its holdings in shares of Toronto-Dominion Bank by 21.2% during the 4th quarter. Te Ahumairangi Investment Management Ltd now owns 63,581 shares of the bank's stock valued at $3,383,000 after buying an additional 11,100 shares during the last quarter. 52.37% of the stock is owned by institutional investors and hedge funds.

Toronto-Dominion Bank Trading Up 0.4 %

Shares of TD stock traded up $0.23 on Friday, reaching $60.67. 1,560,387 shares of the stock were exchanged, compared to its average volume of 2,507,586. The stock has a 50 day moving average price of $59.25 and a 200 day moving average price of $57.12. The stock has a market cap of $106.31 billion, a PE ratio of 17.48, a P/E/G ratio of 1.95 and a beta of 0.73. The Toronto-Dominion Bank has a one year low of $51.25 and a one year high of $64.91. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03.

Toronto-Dominion Bank Cuts Dividend

The firm also recently announced 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 is Thursday, April 10th. This represents a $2.91 dividend on an annualized basis and a yield of 4.80%. Toronto-Dominion Bank's payout ratio is presently 85.59%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Bank of America raised shares of Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research report on Friday, January 17th. StockNews.com cut shares of Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research note on Monday, February 24th. Finally, Jefferies Financial Group cut Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Toronto-Dominion Bank presently has a consensus rating of "Hold" and an average price target 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.