Coleford Investment Management Ltd. purchased a new position in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 253,707 shares of the bank's stock, valued at approximately $13,477,000. Toronto-Dominion Bank comprises about 3.6% of Coleford Investment Management Ltd.'s holdings, making the stock its 16th biggest holding.
Several other large investors have also made changes to their positions in the business. Lee Danner & Bass Inc. acquired a new position in shares of Toronto-Dominion Bank in the 4th quarter valued at $27,000. Bank of Jackson Hole Trust acquired a new stake in shares of Toronto-Dominion Bank during the 4th quarter valued at about $32,000. Versant Capital Management Inc increased its stake in shares of Toronto-Dominion Bank by 40.0% in the 4th 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. Murphy & Mullick Capital Management Corp purchased a new position in Toronto-Dominion Bank during the fourth quarter worth approximately $39,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Toronto-Dominion Bank in the fourth quarter valued at approximately $51,000. 52.37% of the stock is owned by hedge funds and other institutional investors.
Toronto-Dominion Bank Price Performance
Shares of TD stock traded up $0.23 during trading hours on Friday, reaching $60.67. The company had a trading volume of 1,560,387 shares, compared to its average volume of 2,507,586. The Toronto-Dominion Bank has a 12-month low of $51.25 and a 12-month high of $64.91. The company has a market capitalization of $106.31 billion, a price-to-earnings ratio of 17.48, a PEG ratio of 1.95 and a beta of 0.73. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a fifty day moving average of $59.25 and a 200-day moving average of $57.12.
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 paid a $0.7278 dividend. This represents a $2.91 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date of this dividend is Thursday, April 10th. Toronto-Dominion Bank's dividend payout ratio (DPR) is presently 85.59%.
Analysts Set New Price Targets
Several brokerages recently commented on TD. Bank of America raised shares of Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a report on Friday, January 17th. Jefferies Financial Group downgraded shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Finally, StockNews.com lowered Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research note on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Toronto-Dominion Bank presently has an average rating of "Hold" and an average target price of $80.50.
View Our Latest Analysis on TD
About Toronto-Dominion Bank
(
Free Report)
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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