Generali Investments CEE investicni spolecnost a.s. acquired a new stake in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 39,000 shares of the bank's stock, valued at approximately $2,076,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of TD. The Manufacturers Life Insurance Company lifted its position in Toronto-Dominion Bank by 24.9% in the third quarter. The Manufacturers Life Insurance Company now owns 13,509,261 shares of the bank's stock worth $854,815,000 after buying an additional 2,689,532 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Toronto-Dominion Bank by 61.1% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,011,579 shares of the bank's stock worth $380,118,000 after acquiring an additional 2,279,864 shares during the last quarter. Quadrature Capital Ltd boosted its stake in shares of Toronto-Dominion Bank by 175.5% during the 3rd quarter. Quadrature Capital Ltd now owns 2,467,300 shares of the bank's stock worth $156,202,000 after purchasing an additional 1,571,700 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its holdings in Toronto-Dominion Bank by 64.6% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,273,520 shares of the bank's stock valued at $143,922,000 after purchasing an additional 892,183 shares during the last quarter. Finally, CIBC Asset Management Inc raised its position in Toronto-Dominion Bank by 5.4% in the 3rd quarter. CIBC Asset Management Inc now owns 16,515,643 shares of the bank's stock worth $1,046,825,000 after purchasing an additional 853,313 shares during the period. Hedge funds and other institutional investors own 52.37% of the company's stock.
Toronto-Dominion Bank Stock Performance
NYSE TD traded up $0.70 during mid-day trading on Wednesday, reaching $58.37. 1,105,549 shares of the stock were exchanged, compared to its average volume of 2,424,945. 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 Toronto-Dominion Bank has a 1 year low of $51.25 and a 1 year high of $64.91. The business's 50 day moving average is $57.62 and its 200-day moving average is $57.63. The company has a market capitalization of $102.28 billion, a P/E ratio of 16.82, a P/E/G ratio of 1.95 and a beta of 0.83.
Toronto-Dominion Bank Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be given 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 dividend yield of 4.99%. Toronto-Dominion Bank's dividend payout ratio (DPR) is presently 85.29%.
Analysts Set New Price Targets
TD has been the subject of a number of recent analyst reports. StockNews.com cut Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a report on Monday, February 24th. Desjardins cut shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Friday, December 6th. Scotiabank lowered shares of Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a report on Friday, December 6th. Barclays lowered Toronto-Dominion Bank from an "equal weight" rating to an "underweight" rating in a report on Thursday, November 21st. Finally, BMO Capital Markets raised shares of Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a research note on Thursday, December 19th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $80.50.
Check Out 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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