147,721 Shares in The Toronto-Dominion Bank (NYSE:TD) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 147,721 shares of the bank's stock, valued at approximately $7,865,000.

Several other hedge funds have also bought and sold shares of TD. Asahi Life Asset Management CO. LTD. bought a new position in shares of Toronto-Dominion Bank during the 4th quarter valued at approximately $416,000. Cerity Partners LLC lifted its stake in Toronto-Dominion Bank by 57.1% in the third quarter. Cerity Partners LLC now owns 26,755 shares of the bank's stock worth $1,693,000 after purchasing an additional 9,725 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised 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 during the period. FMR LLC increased its stake in Toronto-Dominion Bank by 9.9% in the third quarter. FMR LLC now owns 6,553,761 shares of the bank's stock worth $414,417,000 after purchasing an additional 587,947 shares during the period. Finally, Nicola Wealth Management LTD. lifted its holdings in Toronto-Dominion Bank by 15.5% during the 4th quarter. Nicola Wealth Management LTD. now owns 510,002 shares of the bank's stock valued at $27,153,000 after buying an additional 68,400 shares in the last quarter. Hedge funds and other institutional investors own 52.37% of the company's stock.

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Wall Street Analyst Weigh In

TD has been the subject of several recent research reports. BMO Capital Markets upgraded Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a report on Thursday, December 19th. Desjardins downgraded Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Friday, December 6th. StockNews.com downgraded Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a report on Monday, February 24th. Bank of America raised Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research report on Friday, January 17th. Finally, Scotiabank lowered shares of Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a research note on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $80.50.

Toronto-Dominion Bank Trading Up 0.3 %

Shares of Toronto-Dominion Bank stock traded up $0.20 on Wednesday, reaching $61.15. The company had a trading volume of 2,982,922 shares, compared to its average volume of 2,399,167. 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's 50 day moving average price is $58.71 and its two-hundred day moving average price is $57.62. The Toronto-Dominion Bank has a 52-week low of $51.25 and a 52-week high of $64.91. The firm has a market cap of $107.15 billion, a PE ratio of 17.62, a PEG ratio of 1.95 and a beta of 0.83.

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 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 dividend yield of 4.76%. Toronto-Dominion Bank's dividend payout ratio (DPR) is presently 85.29%.

Toronto-Dominion Bank 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.