Dynamic Technology Lab Private Ltd Takes Position in The Toronto-Dominion Bank (NYSE:TD)

Dynamic Technology Lab Private Ltd acquired a new stake in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 31,664 shares of the bank's stock, valued at approximately $1,686,000.

Other institutional investors have also recently bought and sold shares of the company. Verition Fund Management LLC increased its stake in Toronto-Dominion Bank by 22.9% in the third quarter. Verition Fund Management LLC now owns 7,661 shares of the bank's stock valued at $485,000 after purchasing an additional 1,429 shares in the last quarter. Edgestream Partners L.P. bought a new stake in shares of Toronto-Dominion Bank in the 3rd quarter valued at $230,000. Benjamin Edwards Inc. acquired a new stake in Toronto-Dominion Bank during the 3rd quarter worth $387,000. Morse Asset Management Inc bought a new position in Toronto-Dominion Bank during the third quarter worth about $63,000. Finally, Polar Asset Management Partners Inc. acquired a new position in Toronto-Dominion Bank in the third quarter valued at about $1,897,000. Institutional investors and hedge funds own 52.37% of the company's stock.

Wall Street Analyst Weigh In

TD has been the topic of several recent analyst reports. BMO Capital Markets upgraded Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a report on Thursday, December 19th. StockNews.com downgraded shares of Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research report on Monday, February 24th. Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Tuesday, February 18th. Finally, Bank of America raised shares of Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $80.50.

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Toronto-Dominion Bank Stock Down 0.2 %

TD traded down $0.09 during trading hours on Thursday, hitting $56.72. 1,407,244 shares of the company's stock were exchanged, compared to its average volume of 2,535,090. The stock has a market cap of $99.40 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 1.95 and a beta of 0.73. The Toronto-Dominion Bank has a 1-year low of $51.25 and a 1-year high of $64.91. The stock's 50-day moving average is $59.08 and its two-hundred day moving average is $57.31. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11.

Toronto-Dominion Bank Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be issued a $0.7278 dividend. This represents a $2.91 annualized dividend and a dividend yield of 5.13%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank's payout ratio is 85.29%.

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.