The Toronto-Dominion Bank (NYSE:TD) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its position in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 32.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,526,821 shares of the bank's stock after buying an additional 2,564,648 shares during the period. Geode Capital Management LLC owned 0.60% of Toronto-Dominion Bank worth $569,878,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Verition Fund Management LLC increased its stake in Toronto-Dominion Bank by 22.9% in the 3rd quarter. Verition Fund Management LLC now owns 7,661 shares of the bank's stock worth $485,000 after buying an additional 1,429 shares during the period. Edgestream Partners L.P. purchased a new position in Toronto-Dominion Bank in the third quarter worth $230,000. Benjamin Edwards Inc. acquired a new position in shares of Toronto-Dominion Bank during the third quarter valued at about $387,000. Morse Asset Management Inc acquired a new stake in shares of Toronto-Dominion Bank during the third quarter worth about $63,000. Finally, Polar Asset Management Partners Inc. purchased a new stake in Toronto-Dominion Bank in the third quarter valued at $1,897,000. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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Toronto-Dominion Bank Price Performance

Shares of TD traded up $1.66 on Wednesday, reaching $57.55. The stock had a trading volume of 3,625,992 shares, compared to its average volume of 2,539,300. The firm has a 50-day moving average of $59.08 and a 200 day moving average of $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. The firm has a market capitalization of $100.85 billion, a PE ratio of 16.59, a PEG ratio of 1.95 and a beta of 0.73. The Toronto-Dominion Bank has a twelve month low of $51.25 and a twelve month high of $64.91.

Toronto-Dominion Bank Cuts Dividend

The business also recently disclosed 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. This represents a $2.91 dividend on an annualized basis and a yield of 5.06%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank's dividend payout ratio is presently 85.29%.

About Toronto-Dominion Bank

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.