Skandinaviska Enskilda Banken AB publ Raises Position in The Toronto-Dominion Bank (NYSE:TD)

Skandinaviska Enskilda Banken AB publ lifted its position in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 1.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 235,623 shares of the bank's stock after purchasing an additional 4,471 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in Toronto-Dominion Bank were worth $12,514,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TD. Dunhill Financial LLC increased its holdings in shares of 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 purchasing an additional 249 shares during the period. Bank of Jackson Hole Trust purchased a new position in Toronto-Dominion Bank in the fourth quarter worth $32,000. Versant Capital Management Inc grew its position in Toronto-Dominion Bank by 40.0% in the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank's stock worth $37,000 after acquiring an additional 200 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Toronto-Dominion Bank in the fourth quarter worth $51,000. Finally, Union Bancaire Privee UBP SA purchased a new position in Toronto-Dominion Bank in the fourth quarter worth $58,000. Institutional investors own 52.37% of the company's stock.

Toronto-Dominion Bank Trading Up 0.4 %

Shares of NYSE TD traded up $0.21 during trading hours on Wednesday, hitting $59.88. The company's stock had a trading volume of 819,830 shares, compared to its average volume of 2,351,552. 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 stock has a market cap of $104.93 billion, a price-to-earnings ratio of 17.26, a P/E/G 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 business has a 50-day simple moving average of $58.12 and a 200-day simple moving average of $57.61.

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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 paid a $0.7278 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.91 annualized dividend and a dividend yield of 4.86%. Toronto-Dominion Bank's payout ratio is presently 85.29%.

Analyst Ratings Changes

Several research firms have issued reports on TD. 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. Barclays lowered shares of Toronto-Dominion Bank from an "equal weight" rating to an "underweight" rating in a research report on Thursday, November 21st. StockNews.com lowered shares of Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research report on Monday, February 24th. Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Finally, BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a research report on Thursday, December 19th. Two investment analysts have rated the stock with a sell rating, six have issued 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, Toronto-Dominion Bank presently has an average rating of "Hold" and an average price target of $80.50.

Toronto-Dominion Bank Company 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.