CenterBook Partners LP Has $10.94 Million Stock Holdings in The Toronto-Dominion Bank (NYSE:TD)

CenterBook Partners LP increased its holdings in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 158.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 205,415 shares of the bank's stock after buying an additional 125,920 shares during the quarter. CenterBook Partners LP's holdings in Toronto-Dominion Bank were worth $10,936,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Norges Bank bought a new position in shares of Toronto-Dominion Bank in the 4th quarter valued at $992,204,000. FIL Ltd increased its holdings in Toronto-Dominion Bank by 17.3% in the 4th quarter. FIL Ltd now owns 38,989,749 shares of the bank's stock worth $2,075,819,000 after purchasing an additional 5,756,584 shares in the last quarter. Geode Capital Management LLC raised its position in Toronto-Dominion Bank by 32.2% in the fourth quarter. Geode Capital Management LLC now owns 10,526,821 shares of the bank's stock valued at $569,878,000 after purchasing an additional 2,564,648 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of 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 in the last quarter. Finally, Guardian Partners Inc. bought a new stake in shares of Toronto-Dominion Bank during the fourth quarter worth about $38,332,000. 52.37% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several research firms recently commented on TD. StockNews.com downgraded shares of Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research 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. Bank of America upgraded Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a report on Friday, January 17th. Finally, BMO Capital Markets raised Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a report on Thursday, December 19th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $80.50.

Toronto-Dominion Bank Trading Up 2.2 %

TD traded up $1.28 during trading on Monday, reaching $59.64. 700,117 shares of the stock traded hands, compared to its average volume of 2,522,577. The stock's 50-day moving average is $59.10 and its 200 day moving average is $57.19. The Toronto-Dominion Bank has a 12 month low of $51.25 and a 12 month 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 stock has a market capitalization of $104.51 billion, a PE ratio of 17.19, a P/E/G ratio of 1.95 and a beta of 0.73.

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 paid a dividend of $0.7278 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.91 annualized dividend and a yield of 4.88%. Toronto-Dominion Bank's dividend payout ratio is currently 85.29%.

Toronto-Dominion Bank 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.