18,660,404 Shares in The Toronto-Dominion Bank (NYSE:TD) Bought by Norges Bank

Norges Bank bought a new stake in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 18,660,404 shares of the bank's stock, valued at approximately $992,204,000. Norges Bank owned 1.07% of Toronto-Dominion Bank at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dunhill Financial LLC increased its holdings in shares of Toronto-Dominion Bank by 164.9% during the third quarter. Dunhill Financial LLC now owns 400 shares of the bank's stock valued at $25,000 after acquiring an additional 249 shares in the last quarter. Lee Danner & Bass Inc. bought a new stake in Toronto-Dominion Bank during the 4th quarter valued at $27,000. Bank of Jackson Hole Trust acquired a new position in Toronto-Dominion Bank during the fourth quarter worth $32,000. Versant Capital Management Inc lifted its stake in shares of Toronto-Dominion Bank by 40.0% in the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank's stock valued at $37,000 after buying an additional 200 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new position in shares of Toronto-Dominion Bank in the fourth quarter valued at $39,000. 52.37% of the stock is owned by institutional investors.

Toronto-Dominion Bank Price Performance

NYSE TD traded down $0.11 during trading hours on Tuesday, hitting $59.83. The company had a trading volume of 511,064 shares, compared to its average volume of 2,319,796. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $104.84 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 1.95 and a beta of 0.83. The Toronto-Dominion Bank has a 52 week low of $51.25 and a 52 week high of $64.91. The firm has a 50 day simple moving average of $59.04 and a 200 day simple moving average of $57.60.

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Toronto-Dominion Bank Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be given a $0.7278 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.91 dividend on an annualized basis and a dividend yield of 4.87%. Toronto-Dominion Bank's dividend payout ratio (DPR) is currently 85.29%.

Analyst Ratings Changes

TD has been the subject of several recent analyst reports. Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Desjardins lowered shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Friday, December 6th. Royal Bank of Canada lowered 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 note on Friday, December 6th. BMO Capital Markets upgraded Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a research note on Thursday, December 19th. Finally, StockNews.com cut Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research note on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Toronto-Dominion Bank currently has a consensus 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.