Proficio Capital Partners LLC acquired a new position in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 10,914 shares of the bank's stock, valued at approximately $581,000.
A number of other hedge funds have also modified their holdings of the stock. Mn Services Vermogensbeheer B.V. boosted its position in shares of Toronto-Dominion Bank by 0.8% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 387,300 shares of the bank's stock worth $20,609,000 after buying an additional 3,200 shares during the period. K.J. Harrison & Partners Inc boosted its position in Toronto-Dominion Bank by 33.4% during the 4th quarter. K.J. Harrison & Partners Inc now owns 153,745 shares of the bank's stock worth $8,158,000 after acquiring an additional 38,523 shares during the period. Bank of New York Mellon Corp grew its stake in Toronto-Dominion Bank by 6.0% during the 4th quarter. Bank of New York Mellon Corp now owns 1,501,582 shares of the bank's stock valued at $79,944,000 after acquiring an additional 85,469 shares in the last quarter. Lincluden Management Ltd. increased its holdings in shares of Toronto-Dominion Bank by 11.4% in the 4th quarter. Lincluden Management Ltd. now owns 1,187,112 shares of the bank's stock valued at $63,200,000 after purchasing an additional 121,231 shares during the period. Finally, Crestwood Advisors Group LLC lifted its position in shares of Toronto-Dominion Bank by 9.6% in the fourth quarter. Crestwood Advisors Group LLC now owns 4,271 shares of the bank's stock worth $227,000 after purchasing an additional 373 shares in the last quarter. 52.37% of the stock is currently owned by institutional investors and hedge funds.
Toronto-Dominion Bank Stock Performance
Shares of NYSE:TD traded up $0.09 during trading on Wednesday, reaching $57.76. The stock had a trading volume of 113,452 shares, compared to its average volume of 2,404,232. 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 fifty day simple moving average of $57.62 and a two-hundred day simple moving average of $57.63. The firm has a market capitalization of $101.21 billion, a price-to-earnings ratio of 16.63, a P/E/G 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.
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 issued a dividend of $0.7278 per share. This represents a $2.91 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank's dividend payout ratio (DPR) is 85.29%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on the stock. StockNews.com downgraded shares of Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research note on Monday, February 24th. Barclays lowered Toronto-Dominion Bank from an "equal weight" rating to an "underweight" rating in a research report on Thursday, November 21st. Bank of America upgraded Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a report on Friday, January 17th. Desjardins downgraded Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Friday, December 6th. Finally, BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a research note on Thursday, December 19th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Toronto-Dominion Bank has an average rating of "Hold" and an average price target of $80.50.
Check Out Our Latest Stock Report on TD
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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