CIBC Asset Management Inc Buys 59,956 Shares of The Toronto-Dominion Bank (NYSE:TD)

CIBC Asset Management Inc grew its holdings in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 0.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 16,575,599 shares of the bank's stock after buying an additional 59,956 shares during the period. Toronto-Dominion Bank accounts for approximately 2.9% of CIBC Asset Management Inc's portfolio, making the stock its 5th largest position. CIBC Asset Management Inc owned about 0.95% of Toronto-Dominion Bank worth $882,241,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TD. CWM LLC increased its stake in shares of Toronto-Dominion Bank by 2.4% during the third quarter. CWM LLC now owns 7,208 shares of the bank's stock worth $456,000 after acquiring an additional 170 shares during the period. Pathstone Holdings LLC grew its position in Toronto-Dominion Bank by 0.8% during the third quarter. Pathstone Holdings LLC now owns 22,309 shares of the bank's stock worth $1,411,000 after buying an additional 184 shares during the period. Passumpsic Savings Bank grew its position in Toronto-Dominion Bank by 2.6% during the third quarter. Passumpsic Savings Bank now owns 7,530 shares of the bank's stock worth $476,000 after buying an additional 194 shares during the period. Versant Capital Management Inc grew its position in 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 buying an additional 200 shares during the period. Finally, Dunhill Financial LLC grew its position in Toronto-Dominion Bank by 164.9% during the third quarter. Dunhill Financial LLC now owns 400 shares of the bank's stock worth $25,000 after buying an additional 249 shares during the period. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Trading Up 0.4 %

Shares of TD traded up $0.25 on Thursday, hitting $60.38. 926,886 shares of the stock traded hands, compared to its average volume of 2,722,512. 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 firm has a market capitalization of $105.68 billion, a P/E ratio of 17.40, a P/E/G ratio of 1.94 and a beta of 0.84. The stock's 50 day moving average is $55.77 and its two-hundred day moving average is $57.49. The Toronto-Dominion Bank has a 1 year low of $51.25 and a 1 year high of $64.91.

Toronto-Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 10th were paid a dividend of $0.7482 per share. This is an increase from Toronto-Dominion Bank's previous quarterly dividend of $0.74. The ex-dividend date of this dividend was Friday, January 10th. This represents a $2.99 annualized dividend and a dividend yield of 4.96%. Toronto-Dominion Bank's dividend payout ratio is presently 84.15%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on TD shares. BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a research report on Thursday, December 19th. Barclays downgraded shares of Toronto-Dominion Bank from an "equal weight" rating to an "underweight" rating in a report on Thursday, November 21st. Jefferies Financial Group downgraded shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Tuesday. Desjardins downgraded shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Friday, December 6th. Finally, Scotiabank downgraded shares of Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Toronto-Dominion Bank has an average rating of "Hold" and a consensus price target of $80.50.

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.