Claret Asset Management Corp Has $6.64 Million Stock Position in The Toronto-Dominion Bank (NYSE:TD)

Claret Asset Management Corp raised its holdings in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 106.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 124,751 shares of the bank's stock after acquiring an additional 64,399 shares during the period. Toronto-Dominion Bank comprises about 1.0% of Claret Asset Management Corp's investment portfolio, making the stock its 24th largest holding. Claret Asset Management Corp's holdings in Toronto-Dominion Bank were worth $6,638,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of TD. Frank Rimerman Advisors LLC boosted its position in Toronto-Dominion Bank by 3.2% during the 4th quarter. Frank Rimerman Advisors LLC now owns 5,446 shares of the bank's stock worth $290,000 after acquiring an additional 171 shares during the last quarter. Passumpsic Savings Bank boosted its holdings 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 purchasing an additional 194 shares during the last quarter. Versant Capital Management Inc grew its position in Toronto-Dominion Bank by 40.0% in 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. Cardinal Capital Management increased its stake in Toronto-Dominion Bank by 0.5% in the 4th quarter. Cardinal Capital Management now owns 44,685 shares of the bank's stock valued at $2,379,000 after buying an additional 205 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in Toronto-Dominion Bank by 9.1% during the 4th quarter. Blue Trust Inc. now owns 2,987 shares of the bank's stock worth $159,000 after buying an additional 250 shares in the last quarter. Institutional investors and hedge funds own 52.37% of the company's stock.

Toronto-Dominion Bank Stock Performance

Shares of TD stock traded up $0.24 during midday trading on Thursday, hitting $62.03. 619,536 shares of the company were exchanged, compared to its average volume of 2,349,603. The Toronto-Dominion Bank has a 52 week low of $51.25 and a 52 week high of $64.91. The firm has a market capitalization of $108.69 billion, a P/E ratio of 17.87, a PEG ratio of 1.95 and a beta of 0.73. The firm's 50 day moving average price is $59.35 and its two-hundred day moving average price is $57.13. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.03 and a current ratio of 1.03.

Toronto-Dominion Bank Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be issued a $0.7278 dividend. This represents a $2.91 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date of this dividend is Thursday, April 10th. Toronto-Dominion Bank's dividend payout ratio is 85.59%.

Wall Street Analyst Weigh In

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