Marshall Wace LLP decreased its holdings in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 90.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 78,520 shares of the bank's stock after selling 715,781 shares during the period. Marshall Wace LLP's holdings in Toronto-Dominion Bank were worth $4,180,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Asahi Life Asset Management CO. LTD. acquired a new position in shares of Toronto-Dominion Bank in the 4th quarter worth approximately $416,000. Vanguard Group Inc. lifted its holdings in shares of Toronto-Dominion Bank by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 74,118,551 shares of the bank's stock valued at $3,946,072,000 after buying an additional 1,415,934 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Toronto-Dominion Bank by 3.4% during the 4th quarter. JPMorgan Chase & Co. now owns 7,213,418 shares of the bank's stock worth $384,042,000 after purchasing an additional 236,037 shares during the last quarter. Nicola Wealth Management LTD. boosted its stake in shares of Toronto-Dominion Bank by 15.5% during the 4th quarter. Nicola Wealth Management LTD. now owns 510,002 shares of the bank's stock worth $27,153,000 after acquiring an additional 68,400 shares in the last quarter. Finally, Te Ahumairangi Investment Management Ltd boosted its holdings in shares of Toronto-Dominion Bank by 21.2% during the 4th quarter. Te Ahumairangi Investment Management Ltd now owns 63,581 shares of the bank's stock worth $3,383,000 after buying an additional 11,100 shares during the period. Institutional investors and hedge funds own 52.37% of the company's stock.
Toronto-Dominion Bank Price Performance
Shares of Toronto-Dominion Bank stock traded up $0.52 during mid-day trading on Tuesday, reaching $63.26. 616,071 shares of the stock were exchanged, compared to its average volume of 2,478,159. The Toronto-Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $64.91. The company has a market cap of $109.81 billion, a price-to-earnings ratio of 18.24, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. The firm has a 50-day simple moving average of $59.49 and a 200 day simple moving average of $57.09. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11.
Toronto-Dominion Bank Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders 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 yield of 4.60%. Toronto-Dominion Bank's payout ratio is 85.59%.
Analyst Ratings Changes
TD has been the subject of several research analyst reports. 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. StockNews.com downgraded Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research report on Monday, February 24th. Finally, Bank of America raised Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a report on Friday, January 17th. 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $80.50.
View Our Latest Stock Analysis on TD
Toronto-Dominion Bank Company Profile
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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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