Russell Investments Group Ltd. cut its stake in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 15.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 840,257 shares of the bank's stock after selling 148,102 shares during the quarter. Russell Investments Group Ltd.'s holdings in Toronto-Dominion Bank were worth $44,675,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the stock. Dunhill Financial LLC grew its position in Toronto-Dominion Bank by 164.9% in the third quarter. Dunhill Financial LLC now owns 400 shares of the bank's stock worth $25,000 after acquiring an additional 249 shares during the period. Lee Danner & Bass Inc. purchased a new position in shares of Toronto-Dominion Bank during the 4th quarter worth $27,000. Bank of Jackson Hole Trust acquired a new stake in shares of Toronto-Dominion Bank during the 4th quarter worth about $32,000. Versant Capital Management Inc raised its holdings in Toronto-Dominion Bank by 40.0% in the 4th quarter. Versant Capital Management Inc now owns 700 shares of the bank's stock valued at $37,000 after buying an additional 200 shares during the period. Finally, Murphy & Mullick Capital Management Corp acquired a new position in Toronto-Dominion Bank in the fourth quarter valued at about $39,000. Hedge funds and other institutional investors own 52.37% of the company's stock.
Toronto-Dominion Bank Stock Up 3.2 %
Shares of TD stock traded up $1.79 during trading hours on Friday, reaching $58.43. 2,367,489 shares of the stock were exchanged, compared to its average volume of 2,530,112. The Toronto-Dominion Bank has a 12-month low of $51.25 and a 12-month high of $64.91. The business's fifty day moving average is $59.10 and its two-hundred day moving average is $57.23. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $102.39 billion, a P/E ratio of 16.84, a P/E/G ratio of 1.95 and a beta of 0.73.
Toronto-Dominion Bank Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be issued a $0.7278 dividend. This represents a $2.91 annualized dividend and a yield of 4.98%. The ex-dividend date of this dividend is Thursday, April 10th. Toronto-Dominion Bank's dividend payout ratio (DPR) is presently 85.29%.
Analyst Ratings Changes
A number of equities research analysts have weighed in on TD shares. Bank of America upgraded shares of Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research report on Friday, January 17th. Jefferies Financial Group lowered Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. StockNews.com cut Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a report on Monday, February 24th. Finally, 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. Two 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. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $80.50.
Read Our Latest Analysis on TD
Toronto-Dominion Bank Company Profile
(
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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