Renaissance Technologies LLC Boosts Holdings in The Toronto-Dominion Bank (NYSE:TD)

Renaissance Technologies LLC grew its stake in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 19.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 738,580 shares of the bank's stock after acquiring an additional 119,000 shares during the period. Renaissance Technologies LLC's holdings in Toronto-Dominion Bank were worth $39,322,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Lee Danner & Bass Inc. purchased a new position in Toronto-Dominion Bank in the fourth quarter worth $27,000. Bank of Jackson Hole Trust purchased a new position in shares of Toronto-Dominion Bank in the 4th quarter worth about $32,000. Versant Capital Management Inc increased its position in shares of Toronto-Dominion Bank by 40.0% during the 4th quarter. Versant Capital Management Inc now owns 700 shares of the bank's stock valued at $37,000 after purchasing an additional 200 shares during the last quarter. Murphy & Mullick Capital Management Corp purchased a new position in shares of Toronto-Dominion Bank during the 4th quarter valued at about $39,000. Finally, SBI Securities Co. Ltd. bought a new stake in Toronto-Dominion Bank in the 4th quarter worth approximately $51,000. 52.37% of the stock is owned by institutional investors.

Toronto-Dominion Bank Trading Down 0.2 %

NYSE TD traded down $0.12 during trading on Tuesday, hitting $59.84. The company had a trading volume of 941,893 shares, compared to its average volume of 2,521,403. The company's fifty day moving average is $59.15 and its 200-day moving average is $57.16. The Toronto-Dominion Bank has a one year low of $51.25 and a one year high of $64.91. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11. The company has a market cap of $104.86 billion, a price-to-earnings ratio of 17.25, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73.

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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. 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 annualized dividend and a yield of 4.86%. Toronto-Dominion Bank's payout ratio is 85.59%.

Analysts Set New Price Targets

TD has been the subject of several recent research reports. StockNews.com downgraded shares of Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research note on Monday, February 24th. Jefferies Financial Group cut shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Tuesday, February 18th. Bank of America raised shares of Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a report on Friday, January 17th. Finally, BMO Capital Markets raised shares of Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a research note on Thursday, December 19th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $80.50.

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.