Natixis Has $3.53 Million Stake in The Toronto-Dominion Bank (NYSE:TD)

Natixis raised its position in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 342.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,320 shares of the bank's stock after purchasing an additional 51,331 shares during the quarter. Natixis' holdings in Toronto-Dominion Bank were worth $3,531,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of 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 buying an additional 1,415,934 shares in the last quarter. FIL Ltd lifted its stake in Toronto-Dominion Bank by 17.3% in the fourth quarter. FIL Ltd now owns 38,989,749 shares of the bank's stock valued at $2,075,819,000 after acquiring an additional 5,756,584 shares during the last quarter. Norges Bank bought a new stake in Toronto-Dominion Bank in the fourth quarter worth approximately $992,204,000. Beutel Goodman & Co Ltd. increased its stake in shares of Toronto-Dominion Bank by 3.8% during the 4th quarter. Beutel Goodman & Co Ltd. now owns 16,803,807 shares of the bank's stock worth $894,169,000 after purchasing an additional 622,736 shares during the last quarter. Finally, CIBC Asset Management Inc raised its holdings in shares of Toronto-Dominion Bank by 0.4% during the 4th quarter. CIBC Asset Management Inc now owns 16,575,599 shares of the bank's stock valued at $882,241,000 after purchasing an additional 59,956 shares in the last quarter. 52.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TD has been the subject of a number of recent research reports. StockNews.com cut shares of Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a report on Monday, February 24th. Jefferies Financial Group lowered 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 report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Toronto-Dominion Bank presently has a consensus rating of "Hold" and a consensus price target of $80.50.

Toronto-Dominion Bank Stock Performance

Toronto-Dominion Bank stock traded down $0.07 during mid-day trading on Friday, reaching $62.13. The company had a trading volume of 3,173,704 shares, compared to its average volume of 2,496,101. The company has a 50 day moving average of $59.40 and a 200-day moving average of $57.12. The Toronto-Dominion Bank has a 52 week low of $51.25 and a 52 week high of $64.91. 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 $107.85 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 1.95 and a beta of 0.73.

Toronto-Dominion Bank Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be given a dividend of $0.7278 per share. This represents a $2.91 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date of this dividend is Thursday, April 10th. Toronto-Dominion Bank's dividend payout ratio (DPR) is presently 85.59%.

Toronto-Dominion Bank Company 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.