Generali Asset Management SPA SGR Invests $6.72 Million in The Toronto-Dominion Bank (NYSE:TD)

Generali Asset Management SPA SGR bought a new stake in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 126,222 shares of the bank's stock, valued at approximately $6,720,000.

Other large investors have also recently made changes to their positions in the company. Dunhill Financial LLC increased its stake in Toronto-Dominion Bank by 164.9% in the third quarter. Dunhill Financial LLC now owns 400 shares of the bank's stock valued at $25,000 after purchasing an additional 249 shares during the period. Bank of Jackson Hole Trust purchased a new position in shares of Toronto-Dominion Bank during the fourth quarter worth about $32,000. Versant Capital Management Inc increased its position in 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 acquiring an additional 200 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Toronto-Dominion Bank during the 4th quarter valued at approximately $51,000. Finally, Union Bancaire Privee UBP SA purchased a new position in shares of Toronto-Dominion Bank in the 4th quarter valued at approximately $58,000. 52.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. StockNews.com cut Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research note on Monday, February 24th. 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. Scotiabank lowered shares of Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a research note on Friday, December 6th. Desjardins downgraded shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Friday, December 6th. Finally, Jefferies Financial Group cut Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $80.50.

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Toronto-Dominion Bank Price Performance

Shares of TD stock traded down $0.41 during midday trading on Friday, reaching $59.50. 1,950,277 shares of the company traded hands, compared to its average volume of 2,404,164. The firm's 50 day simple moving average is $58.46 and its two-hundred day simple moving average is $57.63. The firm has a market cap of $104.25 billion, a PE ratio of 17.15, a price-to-earnings-growth ratio of 1.95 and a beta of 0.83. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03. The Toronto-Dominion Bank has a 1-year low of $51.25 and a 1-year high of $64.91.

Toronto-Dominion Bank Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be issued a dividend of $0.7278 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.91 annualized dividend and a yield of 4.89%. Toronto-Dominion Bank's dividend payout ratio is presently 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.