Guardian Partners Inc. purchased a new stake in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 707,525 shares of the bank's stock, valued at approximately $38,332,000. Toronto-Dominion Bank comprises approximately 3.9% of Guardian Partners Inc.'s investment portfolio, making the stock its 2nd largest position.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Dunhill Financial LLC lifted its holdings in Toronto-Dominion Bank by 164.9% during the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank's stock worth $25,000 after buying an additional 249 shares in the last quarter. Lee Danner & Bass Inc. purchased a new position in Toronto-Dominion Bank in the fourth quarter valued at approximately $27,000. Bank of Jackson Hole Trust purchased a new stake in Toronto-Dominion Bank in the fourth quarter valued at $32,000. Versant Capital Management Inc lifted its holdings in shares of 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 purchasing an additional 200 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in Toronto-Dominion Bank during the 4th quarter worth approximately $51,000. 52.37% of the stock is owned by hedge funds and other institutional investors.
Toronto-Dominion Bank Trading Down 0.2 %
Toronto-Dominion Bank stock traded down $0.15 during midday trading on Thursday, reaching $61.00. The stock had a trading volume of 2,704,548 shares, compared to its average volume of 2,404,931. The stock's 50-day simple moving average is $58.82 and its 200 day simple moving average is $57.65. The stock has a market capitalization of $106.89 billion, a PE ratio of 17.58, 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 quick ratio of 1.03 and a current ratio of 1.03. 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 firm also recently announced 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 dividend yield of 4.77%. Toronto-Dominion Bank's payout ratio is 85.29%.
Analysts Set New Price Targets
Several research analysts have issued reports on TD shares. StockNews.com downgraded shares of Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research report on Monday, February 24th. Scotiabank cut shares of Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a report on Friday, December 6th. Desjardins downgraded Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Friday, December 6th. Jefferies Financial Group downgraded shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Tuesday, February 18th. Finally, Bank of America upgraded Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research report on Friday, January 17th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Toronto-Dominion Bank currently has a consensus rating of "Hold" and an average target price of $80.50.
Get Our Latest Research Report on Toronto-Dominion Bank
Toronto-Dominion Bank Company Profile
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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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