Nebula Research & Development LLC Buys 27,448 Shares of The Toronto-Dominion Bank (NYSE:TD)

Nebula Research & Development LLC boosted its position in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 331.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,735 shares of the bank's stock after buying an additional 27,448 shares during the period. Nebula Research & Development LLC's holdings in Toronto-Dominion Bank were worth $1,903,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in TD. Norges Bank acquired a new stake in shares of Toronto-Dominion Bank in the 4th quarter valued at approximately $992,204,000. FIL Ltd raised its holdings in Toronto-Dominion Bank by 17.3% in the 4th quarter. FIL Ltd now owns 38,989,749 shares of the bank's stock valued at $2,075,819,000 after buying an additional 5,756,584 shares during the last quarter. Geode Capital Management LLC raised its holdings in Toronto-Dominion Bank by 32.2% in the 4th quarter. Geode Capital Management LLC now owns 10,526,821 shares of the bank's stock valued at $569,878,000 after buying an additional 2,564,648 shares during the last quarter. Vanguard Group Inc. raised its holdings 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 buying an additional 1,415,934 shares during the last quarter. Finally, Guardian Partners Inc. bought a new position in Toronto-Dominion Bank in the 4th quarter valued at approximately $38,332,000. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto-Dominion Bank Trading Up 0.9 %

TD traded up $0.54 during trading on Monday, reaching $62.71. 3,066,707 shares of the stock traded hands, compared to its average volume of 2,485,453. 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 stock has a market capitalization of $108.86 billion, a PE ratio of 18.07, a P/E/G ratio of 1.95 and a beta of 0.73. The stock's 50-day moving average is $59.49 and its 200 day moving average is $57.09. The Toronto-Dominion Bank has a 12 month low of $51.25 and a 12 month high of $64.91.

Toronto-Dominion Bank Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be given a dividend of $0.7278 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.91 dividend on an annualized basis and a yield of 4.64%. Toronto-Dominion Bank's dividend payout ratio (DPR) is currently 85.59%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TD. Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Tuesday, February 18th. Bank of America upgraded shares of Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a report on Friday, January 17th. Finally, StockNews.com lowered shares of Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a report on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $80.50.

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.