Investors Research Corp Has $1.12 Million Stake in The Toronto-Dominion Bank (NYSE:TD)

Investors Research Corp boosted its stake in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 489.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,042 shares of the bank's stock after buying an additional 17,475 shares during the period. Investors Research Corp's holdings in Toronto-Dominion Bank were worth $1,120,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Asahi Life Asset Management CO. LTD. bought a new stake in shares of Toronto-Dominion Bank during the fourth quarter valued at about $416,000. Cerity Partners LLC increased its stake in Toronto-Dominion Bank by 57.1% during the 3rd quarter. Cerity Partners LLC now owns 26,755 shares of the bank's stock valued at $1,693,000 after buying an additional 9,725 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Toronto-Dominion Bank by 1.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,761,308 shares of the bank's stock worth $617,166,000 after acquiring an additional 144,427 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings 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 valued at $380,118,000 after acquiring an additional 2,279,864 shares in the last quarter. Finally, FMR LLC increased its stake in shares of Toronto-Dominion Bank by 9.9% during the third quarter. FMR LLC now owns 6,553,761 shares of the bank's stock valued at $414,417,000 after acquiring an additional 587,947 shares during the period. 52.37% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

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. Barclays downgraded shares of Toronto-Dominion Bank from an "equal weight" rating to an "underweight" rating in a report on Thursday, November 21st. Jefferies Financial Group cut shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Bank of America raised shares of Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. Finally, Desjardins cut Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Toronto-Dominion Bank currently has an average rating of "Hold" and a consensus price target of $80.50.

Toronto-Dominion Bank Trading Up 0.6 %

Shares of TD stock traded up $0.34 during trading hours on Wednesday, reaching $58.01. 241,928 shares of the stock traded hands, compared to its average volume of 2,407,621. The Toronto-Dominion Bank has a 1-year low of $51.25 and a 1-year high of $64.91. 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 $101.65 billion, a PE ratio of 16.72, a PEG ratio of 1.95 and a beta of 0.83. The business has a fifty day moving average price of $57.62 and a 200 day moving average price of $57.63.

Toronto-Dominion Bank Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be given a $0.7278 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.91 annualized dividend and a dividend yield of 5.02%. Toronto-Dominion Bank's dividend payout ratio (DPR) is presently 85.29%.

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.