FMR LLC cut its position in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 8.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,012,483 shares of the bank's stock after selling 541,278 shares during the quarter. FMR LLC owned about 0.34% of Toronto-Dominion Bank worth $320,105,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Asahi Life Asset Management CO. LTD. bought a new position in shares of Toronto-Dominion Bank in the 4th quarter worth about $416,000. Vanguard Group Inc. increased its stake in shares of Toronto-Dominion Bank by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 74,118,551 shares of the bank's stock valued at $3,946,072,000 after purchasing an additional 1,415,934 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Toronto-Dominion Bank by 3.4% during the fourth quarter. JPMorgan Chase & Co. now owns 7,213,418 shares of the bank's stock valued at $384,042,000 after purchasing an additional 236,037 shares during the last quarter. Nicola Wealth Management LTD. boosted its position in shares of Toronto-Dominion Bank by 15.5% in the 4th quarter. Nicola Wealth Management LTD. now owns 510,002 shares of the bank's stock worth $27,153,000 after purchasing an additional 68,400 shares in the last quarter. Finally, Te Ahumairangi Investment Management Ltd grew its stake in shares of Toronto-Dominion Bank by 21.2% in the 4th quarter. Te Ahumairangi Investment Management Ltd now owns 63,581 shares of the bank's stock worth $3,383,000 after buying an additional 11,100 shares during the last quarter. 52.37% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have commented on TD. BMO Capital Markets raised Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a report on Thursday, December 19th. Bank of America upgraded shares of Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Finally, StockNews.com downgraded shares of Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research note on Monday, February 24th. Two analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $80.50.
Check Out Our Latest Research Report on Toronto-Dominion Bank
Toronto-Dominion Bank Stock Performance
TD traded down $0.15 during midday trading on Tuesday, hitting $59.81. 783,412 shares of the company traded hands, compared to its average volume of 2,519,854. The company's 50-day moving average is $59.15 and its 200 day moving average is $57.16. 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 $104.81 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. 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 announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be given a $0.7278 dividend. This represents a $2.91 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank's dividend payout ratio (DPR) is presently 85.59%.
Toronto-Dominion Bank Profile
(
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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