Dimensional Fund Advisors LP Purchases 500,316 Shares of The Toronto-Dominion Bank (NYSE:TD)

Dimensional Fund Advisors LP raised its stake in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 7.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 7,289,369 shares of the bank's stock after purchasing an additional 500,316 shares during the period. Dimensional Fund Advisors LP owned 0.42% of Toronto-Dominion Bank worth $388,084,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Norges Bank purchased a new stake in Toronto-Dominion Bank in the 4th quarter worth approximately $992,204,000. FIL Ltd increased its stake in shares of Toronto-Dominion Bank by 17.3% in the fourth 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 shares of Toronto-Dominion Bank by 32.2% during the 4th 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 period. Vanguard Group Inc. lifted its stake in shares of Toronto-Dominion Bank by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 74,118,551 shares of the bank's stock valued at $3,946,072,000 after buying an additional 1,415,934 shares in the last quarter. Finally, Guardian Partners Inc. bought a new position in Toronto-Dominion Bank in the 4th quarter worth $38,332,000. Hedge funds and other institutional investors own 52.37% of the company's stock.

Toronto-Dominion Bank Price Performance

TD stock traded up $0.42 during trading on Thursday, hitting $62.21. 2,322,989 shares of the company's stock traded hands, compared to its average volume of 2,371,377. The Toronto-Dominion Bank has a 52 week low of $51.25 and a 52 week high of $64.91. The stock has a market capitalization of $109.01 billion, a price-to-earnings ratio of 17.93, a P/E/G ratio of 1.95 and a beta of 0.73. The business has a fifty day simple moving average of $59.35 and a 200 day simple moving average of $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 firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors 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 dividend yield of 4.68%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank's payout ratio is 85.59%.

Wall Street Analyst Weigh In

TD has been the topic of a number of recent analyst reports. Jefferies Financial Group cut Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Tuesday, February 18th. StockNews.com downgraded Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research note on Monday, February 24th. Finally, Bank of America upgraded shares of Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a report on Friday, January 17th. Two equities 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price 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.