Invesco Ltd. Has $249.92 Million Stock Position in The Toronto-Dominion Bank (NYSE:TD)

Invesco Ltd. grew its stake in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 6.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,694,139 shares of the bank's stock after buying an additional 299,689 shares during the quarter. Invesco Ltd. owned about 0.27% of Toronto-Dominion Bank worth $249,916,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Lee Danner & Bass Inc. bought a new stake in Toronto-Dominion Bank during the fourth quarter worth approximately $27,000. Bank of Jackson Hole Trust bought a new stake in shares of Toronto-Dominion Bank during the 4th quarter worth $32,000. Versant Capital Management Inc raised its position in shares of Toronto-Dominion Bank by 40.0% during the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank's stock worth $37,000 after purchasing an additional 200 shares during the period. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Toronto-Dominion Bank during the fourth quarter valued at $39,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Toronto-Dominion Bank in the 4th quarter valued at $51,000. 52.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Remove Ads

Toronto-Dominion Bank Stock Down 0.3 %

TD stock traded down $0.17 during midday trading on Tuesday, reaching $59.79. The company had a trading volume of 783,412 shares, compared to its average volume of 2,519,854. The company has a 50 day moving average of $59.15 and a two-hundred day moving average of $57.16. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11. The Toronto-Dominion Bank has a 1 year low of $51.25 and a 1 year high of $64.91. The company has a market capitalization of $104.78 billion, a P/E ratio of 17.24, a PEG ratio of 1.95 and a beta of 0.73.

Toronto-Dominion Bank Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be paid a $0.7278 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.91 dividend on an annualized basis and a yield of 4.87%. Toronto-Dominion Bank's dividend payout ratio (DPR) is currently 85.59%.

Toronto-Dominion Bank Company 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.