Charles Schwab Investment Management Inc. Has $269.64 Million Stock Position in The Toronto-Dominion Bank (NYSE:TD)

Charles Schwab Investment Management Inc. lifted its holdings in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 4.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,067,081 shares of the bank's stock after acquiring an additional 196,024 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.29% of Toronto-Dominion Bank worth $269,637,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Wealth Enhancement Advisory Services LLC increased its stake in Toronto-Dominion Bank by 16.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,895 shares of the bank's stock worth $436,000 after acquiring an additional 992 shares during the period. US Bancorp DE raised its stake in Toronto-Dominion Bank by 3.2% in the third quarter. US Bancorp DE now owns 17,396 shares of the bank's stock valued at $1,100,000 after purchasing an additional 535 shares in the last quarter. Crestwood Advisors Group LLC lifted its position in Toronto-Dominion Bank by 7.1% during the third quarter. Crestwood Advisors Group LLC now owns 3,898 shares of the bank's stock worth $247,000 after purchasing an additional 258 shares during the period. Radnor Capital Management LLC acquired a new stake in Toronto-Dominion Bank during the third quarter worth about $1,047,000. Finally, Fiera Capital Corp grew its stake in Toronto-Dominion Bank by 1.2% during the third quarter. Fiera Capital Corp now owns 5,825,506 shares of the bank's stock worth $368,844,000 after buying an additional 66,436 shares in the last quarter. 52.37% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. BMO Capital Markets raised shares of Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a report on Thursday, December 19th. Jefferies Financial Group downgraded Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Tuesday, February 18th. Royal Bank of Canada lowered their price target on Toronto-Dominion Bank from $82.00 to $77.00 and set a "sector perform" rating for the company in a report on Friday, December 6th. Scotiabank lowered Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a research note on Friday, December 6th. Finally, Bank of America upgraded shares of Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. Two equities research 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $80.50.

Toronto-Dominion Bank Stock Performance

Shares of TD stock opened at $59.30 on Thursday. The firm has a market capitalization of $103.90 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 1.95 and a beta of 0.83. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11. The business's 50-day moving average price is $57.15 and its 200-day moving average price is $57.66. The Toronto-Dominion Bank has a 12 month low of $51.25 and a 12 month high of $64.91.

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 issued a dividend of $0.7278 per share. This represents a $2.91 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date of this dividend is Thursday, April 10th. Toronto-Dominion Bank's payout ratio is 85.29%.

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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