JPMorgan Chase & Co. Has $384.04 Million Stock Position in The Toronto-Dominion Bank (NYSE:TD)

JPMorgan Chase & Co. increased its holdings in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,213,418 shares of the bank's stock after buying an additional 236,037 shares during the period. JPMorgan Chase & Co. owned 0.41% of Toronto-Dominion Bank worth $384,042,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in TD. Dunhill Financial LLC increased its holdings in Toronto-Dominion Bank by 164.9% in the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank's stock valued at $25,000 after buying an additional 249 shares during the period. Lee Danner & Bass Inc. acquired a new stake in shares of Toronto-Dominion Bank during the 4th quarter worth approximately $27,000. Bank of Jackson Hole Trust bought a new stake in Toronto-Dominion Bank during the fourth quarter worth $32,000. Versant Capital Management Inc lifted its stake in 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 last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of Toronto-Dominion Bank in the 4th quarter valued at $39,000. 52.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TD. 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. 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. StockNews.com cut shares of Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research report on Monday, February 24th. 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, Royal Bank of Canada decreased their price objective on Toronto-Dominion Bank from $82.00 to $77.00 and set a "sector perform" rating for the company in a report on Friday, December 6th. Two analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $80.50.

Toronto-Dominion Bank Trading Down 2.1 %

Shares of TD traded down $1.24 during trading hours on Thursday, hitting $58.67. 726,456 shares of the stock were exchanged, compared to its average volume of 2,314,830. The firm has a market capitalization of $102.81 billion, a P/E ratio of 16.91, 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 current ratio of 1.03 and a quick ratio of 1.03. The Toronto-Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $64.91. The business has a 50-day moving average of $59.14 and a 200-day moving average of $57.59.

Toronto-Dominion Bank Cuts Dividend

The firm also recently declared 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. This represents a $2.91 annualized dividend and a yield of 4.96%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank's dividend payout ratio (DPR) is presently 85.29%.

Toronto-Dominion Bank 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.