JPMorgan Chase & Co. boosted its stake in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,213,418 shares of the bank's stock after purchasing an additional 236,037 shares during the period. JPMorgan Chase & Co. owned approximately 0.41% of Toronto-Dominion Bank worth $384,042,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in TD. Dunhill Financial LLC boosted its position in shares of Toronto-Dominion Bank by 164.9% in the third quarter. Dunhill Financial LLC now owns 400 shares of the bank's stock worth $25,000 after buying an additional 249 shares during the period. Lee Danner & Bass Inc. purchased a new position in Toronto-Dominion Bank in the 4th quarter worth approximately $27,000. Bank of Jackson Hole Trust purchased a new position in Toronto-Dominion Bank in the 4th quarter worth approximately $32,000. Versant Capital Management Inc grew its position in Toronto-Dominion Bank by 40.0% in the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank's stock valued at $37,000 after acquiring an additional 200 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in shares of Toronto-Dominion Bank during the fourth quarter valued at approximately $39,000. 52.37% of the stock is owned by hedge funds and other institutional investors.
Toronto-Dominion Bank Stock Up 1.1 %
NYSE:TD traded up $0.64 during mid-day trading on Wednesday, reaching $59.98. The stock had a trading volume of 1,100,876 shares, compared to its average volume of 2,555,164. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $105.11 billion, a price-to-earnings ratio of 17.29, a price-to-earnings-growth ratio of 1.95 and a beta of 0.83. The Toronto-Dominion Bank has a 1-year low of $51.25 and a 1-year high of $64.91. The stock's 50 day simple moving average is $59.08 and its two-hundred day simple moving average is $57.58.
Toronto-Dominion Bank Cuts Dividend
The firm 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 dividend of $0.7278 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.91 annualized dividend and a yield of 4.85%. Toronto-Dominion Bank's payout ratio is 85.29%.
Wall Street Analyst Weigh In
TD has been the subject of several analyst reports. Scotiabank downgraded shares of Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a research note on Friday, December 6th. 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. Desjardins lowered Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Friday, December 6th. Royal Bank of Canada cut their price target on Toronto-Dominion Bank from $82.00 to $77.00 and set a "sector perform" rating on the stock in a research note on Friday, December 6th. Finally, StockNews.com lowered Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research note on Monday, February 24th. Two 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 given a strong buy rating to the stock. According to MarketBeat, Toronto-Dominion Bank has a consensus rating of "Hold" and an average target price of $80.50.
Check Out Our Latest Stock Analysis on Toronto-Dominion Bank
About Toronto-Dominion Bank
(
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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