The Toronto-Dominion Bank (NYSE:TD) Shares Bought by Capital Research Global Investors

Capital Research Global Investors lifted its holdings in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 0.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,629,797 shares of the bank's stock after purchasing an additional 5,996 shares during the quarter. Capital Research Global Investors owned 0.32% of Toronto-Dominion Bank worth $299,731,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in TD. Lee Danner & Bass Inc. purchased a new stake in shares of Toronto-Dominion Bank in the fourth quarter worth about $27,000. Bank of Jackson Hole Trust acquired a new stake in Toronto-Dominion Bank during the fourth quarter valued at $32,000. Versant Capital Management Inc lifted its holdings in Toronto-Dominion Bank by 40.0% during the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank's stock valued at $37,000 after purchasing an additional 200 shares in the last quarter. Murphy & Mullick Capital Management Corp purchased a new stake in Toronto-Dominion Bank during the 4th quarter worth approximately $39,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Toronto-Dominion Bank during the 4th quarter worth $51,000. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Jefferies Financial Group cut shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. 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, 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. Two equities research 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, the company has an average rating of "Hold" and a consensus price target of $80.50.

Toronto-Dominion Bank Trading Down 0.3 %

Shares of TD traded down $0.22 during trading hours on Wednesday, hitting $61.75. The stock had a trading volume of 1,597,707 shares, compared to its average volume of 2,490,474. 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 Toronto-Dominion Bank has a 12-month low of $51.25 and a 12-month high of $64.91. The firm has a market cap of $108.20 billion, a P/E ratio of 17.79, a P/E/G ratio of 1.95 and a beta of 0.73. The company's fifty day simple moving average is $59.31 and its 200 day simple moving average is $57.09.

Toronto-Dominion Bank Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be issued a dividend of $0.7278 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.91 annualized dividend and a dividend yield of 4.71%. Toronto-Dominion Bank's payout ratio is 85.59%.

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.