Proficio Capital Partners LLC bought a new position in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,914 shares of the bank's stock, valued at approximately $581,000.
Several other large investors have also added to or reduced their stakes in the company. CIBC Asset Management Inc raised its stake in 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 during the period. The Manufacturers Life Insurance Company grew its holdings in Toronto-Dominion Bank by 24.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 13,509,261 shares of the bank's stock valued at $854,815,000 after buying an additional 2,689,532 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Toronto-Dominion Bank by 6.4% during the third quarter. Geode Capital Management LLC now owns 7,962,173 shares of the bank's stock valued at $506,846,000 after buying an additional 479,624 shares during the last quarter. FMR LLC raised its position in shares of Toronto-Dominion Bank by 9.9% during the third quarter. FMR LLC now owns 6,553,761 shares of the bank's stock valued at $414,417,000 after buying an additional 587,947 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Toronto-Dominion Bank by 61.1% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,011,579 shares of the bank's stock worth $380,118,000 after buying an additional 2,279,864 shares in the last quarter. Hedge funds and other institutional investors own 52.37% of the company's stock.
Wall Street Analysts Forecast Growth
TD has been the topic of a number of research reports. BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a report on Thursday, December 19th. StockNews.com downgraded Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research report on Monday, February 24th. Bank of America raised Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. Scotiabank downgraded Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a research note on Friday, December 6th. Finally, Royal Bank of Canada lowered their target price on Toronto-Dominion Bank from $82.00 to $77.00 and set a "sector perform" rating for the company in a research report on Friday, December 6th. Two analysts have rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $80.50.
View Our Latest Stock Report on TD
Toronto-Dominion Bank Trading Down 0.2 %
Shares of Toronto-Dominion Bank stock traded down $0.15 during trading on Thursday, hitting $61.00. The stock had a trading volume of 2,704,548 shares, compared to its average volume of 2,320,708. The stock has a market cap of $106.89 billion, a PE ratio of 17.58, a PEG ratio of 1.95 and a beta of 0.83. The Toronto-Dominion Bank has a 12 month low of $51.25 and a 12 month high of $64.91. The firm's fifty day simple moving average is $58.82 and its 200-day simple moving average is $57.65. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03.
Toronto-Dominion Bank Cuts Dividend
The firm 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 dividend of $0.7278 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.91 dividend on an annualized basis and a dividend yield of 4.77%. Toronto-Dominion Bank's dividend payout ratio is 85.29%.
Toronto-Dominion Bank Profile
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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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