Mitsubishi UFJ Trust & Banking Corp decreased its position in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 21.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 236,713 shares of the bank's stock after selling 63,119 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in Toronto-Dominion Bank were worth $12,624,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in TD. Asahi Life Asset Management CO. LTD. purchased a new position in Toronto-Dominion Bank during the fourth quarter worth about $416,000. Cerity Partners LLC grew 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 worth $1,693,000 after purchasing an additional 9,725 shares in the last quarter. FMR LLC increased its holdings in Toronto-Dominion Bank by 9.9% during the 3rd quarter. FMR LLC now owns 6,553,761 shares of the bank's stock worth $414,417,000 after purchasing an additional 587,947 shares during the period. Vanguard Group Inc. raised its position in Toronto-Dominion Bank by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 74,118,551 shares of the bank's stock valued at $3,946,072,000 after purchasing an additional 1,415,934 shares in the last quarter. Finally, Nicola Wealth Management LTD. boosted its stake in shares of Toronto-Dominion Bank by 15.5% in the 4th quarter. Nicola Wealth Management LTD. now owns 510,002 shares of the bank's stock valued at $27,153,000 after buying an additional 68,400 shares during the period. Institutional investors and hedge funds own 52.37% of the company's stock.
Toronto-Dominion Bank Stock Performance
TD stock traded up $0.34 during trading on Wednesday, hitting $59.68. The company had a trading volume of 569,973 shares, compared to its average volume of 2,552,929. The firm has a 50-day moving average price of $59.08 and a 200-day moving average price of $57.58. 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 cap of $104.59 billion, a PE ratio of 17.17, 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.
Toronto-Dominion Bank Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be paid a $0.7278 dividend. This represents a $2.91 annualized dividend and a dividend yield of 4.88%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank's dividend payout ratio (DPR) is presently 85.29%.
Analysts Set New Price Targets
A number of analysts recently weighed in on the stock. BMO Capital Markets raised shares of Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a report on Thursday, December 19th. Desjardins downgraded shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Friday, December 6th. 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. StockNews.com cut Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research note on Monday, February 24th. Finally, Royal Bank of Canada cut their target price on Toronto-Dominion Bank from $82.00 to $77.00 and set a "sector perform" rating on the stock in a research report on Friday, December 6th. Two 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, Toronto-Dominion Bank has an average rating of "Hold" and a consensus target price of $80.50.
Check Out Our Latest Stock Report 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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