Legal & General Group Plc lowered its position in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 23.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,022,178 shares of the bank's stock after selling 3,148,543 shares during the quarter. Legal & General Group Plc owned 0.57% of Toronto-Dominion Bank worth $533,304,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TD. Vanguard Group Inc. increased its stake in shares of Toronto-Dominion Bank by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 74,118,551 shares of the bank's stock worth $3,946,072,000 after buying an additional 1,415,934 shares during the last quarter. Norges Bank acquired a new stake in shares of Toronto-Dominion Bank in the 4th quarter valued at about $992,204,000. Beutel Goodman & Co Ltd. raised its stake in shares of Toronto-Dominion Bank by 3.8% in the 4th quarter. Beutel Goodman & Co Ltd. now owns 16,803,807 shares of the bank's stock valued at $894,169,000 after purchasing an additional 622,736 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Toronto-Dominion Bank by 0.4% during the fourth quarter. CIBC Asset Management Inc now owns 16,575,599 shares of the bank's stock worth $882,241,000 after purchasing an additional 59,956 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Toronto-Dominion Bank by 32.2% in the fourth quarter. Geode Capital Management LLC now owns 10,526,821 shares of the bank's stock worth $569,878,000 after purchasing an additional 2,564,648 shares in the last quarter. 52.37% of the stock is owned by hedge funds and other institutional investors.
Toronto-Dominion Bank Price Performance
Shares of TD traded up $1.79 during trading hours on Friday, hitting $58.43. 2,367,489 shares of the company were exchanged, compared to its average volume of 2,529,682. The firm has a fifty day simple moving average of $59.10 and a 200-day simple moving average of $57.19. The company has a market capitalization of $102.39 billion, a PE ratio of 16.84, a PEG ratio of 1.95 and a beta of 0.73. 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 one year low of $51.25 and a one year high of $64.91.
Toronto-Dominion Bank Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders 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 yield of 4.98%. Toronto-Dominion Bank's payout ratio is presently 85.29%.
Analysts Set New Price Targets
A number of research firms have commented on TD. StockNews.com downgraded Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a report on Monday, February 24th. BMO Capital Markets raised Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a report on Thursday, December 19th. 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 issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $80.50.
View Our Latest Analysis on TD
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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