Capital World Investors Has $387,000 Holdings in The Toronto-Dominion Bank (NYSE:TD)

Capital World Investors decreased its position in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 99.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 7,277 shares of the bank's stock after selling 968,368 shares during the period. Capital World Investors' holdings in Toronto-Dominion Bank were worth $387,000 at the end of the most recent reporting period.

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

Toronto-Dominion Bank Price Performance

Shares of NYSE:TD opened at $61.93 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $108.51 billion, a P/E ratio of 17.85, a P/E/G ratio of 1.95 and a beta of 0.73. The business has a 50-day moving average of $59.31 and a two-hundred day moving average of $57.09. The Toronto-Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $64.91.

Toronto-Dominion Bank Cuts Dividend

The business 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 of this dividend is Thursday, April 10th. This represents a $2.91 dividend on an annualized basis and a yield of 4.70%. Toronto-Dominion Bank's payout ratio is currently 85.59%.

Wall Street Analyst Weigh In

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

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