Godsey & Gibb Inc. Increases Holdings in The Toronto-Dominion Bank (NYSE:TD)

Godsey & Gibb Inc. boosted its position in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 334,340 shares of the bank's stock after purchasing an additional 5,826 shares during the period. Godsey & Gibb Inc.'s holdings in Toronto-Dominion Bank were worth $17,800,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company increased its stake in shares of Toronto-Dominion Bank by 24.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 13,509,261 shares of the bank's stock worth $854,815,000 after purchasing an additional 2,689,532 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Toronto-Dominion Bank by 61.1% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,011,579 shares of the bank's stock worth $380,118,000 after purchasing an additional 2,279,864 shares during the period. Quadrature Capital Ltd increased its stake in shares of Toronto-Dominion Bank by 175.5% in the third 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 in the last quarter. 1832 Asset Management L.P. raised its position in shares of Toronto-Dominion Bank by 6.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 25,803,480 shares of the bank's stock valued at $1,418,159,000 after purchasing an additional 1,462,794 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Toronto-Dominion Bank by 9.6% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 13,814,269 shares of the bank's stock valued at $759,449,000 after buying an additional 1,206,574 shares in the last quarter. 52.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on TD. Scotiabank lowered Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a research note on Friday, December 6th. Royal Bank of Canada dropped their price objective on Toronto-Dominion Bank from $82.00 to $77.00 and set a "sector perform" rating for the company in a research note on Friday, December 6th. Barclays downgraded Toronto-Dominion Bank from an "equal weight" rating to an "underweight" rating in a research note on Thursday, November 21st. StockNews.com downgraded Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research note on Friday, December 27th. Finally, Jefferies Financial Group upgraded shares of Toronto-Dominion Bank from a "hold" rating to a "buy" rating in a research report on Thursday, December 12th. Two analysts have rated the stock with a sell rating, five have assigned 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 stock presently has a consensus rating of "Hold" and a consensus target price of $80.50.

Toronto-Dominion Bank Price Performance

Toronto-Dominion Bank stock traded down $0.13 during midday trading on Thursday, reaching $55.28. 1,464,725 shares of the stock traded hands, compared to its average volume of 3,235,563. The stock has a market cap of $96.75 billion, a P/E ratio of 15.93, a PEG ratio of 1.72 and a beta of 0.83. The stock's fifty day moving average is $54.50 and its 200-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. The Toronto-Dominion Bank has a 12 month low of $51.25 and a 12 month high of $64.91.

Toronto-Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 10th will be issued a $0.7482 dividend. The ex-dividend date is Friday, January 10th. This is a positive change from Toronto-Dominion Bank's previous quarterly dividend of $0.74. This represents a $2.99 dividend on an annualized basis and a dividend yield of 5.41%. Toronto-Dominion Bank's dividend payout ratio (DPR) is 87.03%.

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.