Te Ahumairangi Investment Management Ltd Has $3.38 Million Stock Holdings in The Toronto-Dominion Bank (NYSE:TD)

Te Ahumairangi Investment Management Ltd grew its position in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 21.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,581 shares of the bank's stock after buying an additional 11,100 shares during the quarter. Te Ahumairangi Investment Management Ltd's holdings in Toronto-Dominion Bank were worth $3,383,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Dunhill Financial LLC increased its holdings in shares of Toronto-Dominion Bank by 164.9% in the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank's stock valued at $25,000 after purchasing 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 valued at $27,000. Bank of Jackson Hole Trust purchased a new stake in shares of Toronto-Dominion Bank during the fourth quarter worth $32,000. Versant Capital Management Inc grew its stake in Toronto-Dominion Bank by 40.0% in the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank's stock valued at $37,000 after purchasing an additional 200 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new position in Toronto-Dominion Bank in the 4th quarter worth about $39,000. Institutional investors and hedge funds own 52.37% of the company's stock.

Toronto-Dominion Bank Stock Performance

TD stock traded down $1.56 during mid-day trading on Friday, reaching $57.10. 3,890,390 shares of the stock traded hands, compared to its average volume of 2,549,804. The firm has a market capitalization of $100.06 billion, a PE ratio of 16.46, a P/E/G ratio of 1.95 and a beta of 0.73. The business has a 50-day moving average of $59.17 and a two-hundred day moving average of $57.52. The Toronto-Dominion Bank has a 52 week low of $51.25 and a 52 week high of $64.91. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11.

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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 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 5.10%. Toronto-Dominion Bank's payout ratio is 85.29%.

Wall Street Analysts Forecast Growth

TD has been the topic of a number of research reports. Bank of America upgraded Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a report on Friday, January 17th. Jefferies Financial Group cut shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Tuesday, February 18th. BMO Capital Markets raised shares of Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a research report on Thursday, December 19th. Finally, StockNews.com cut Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research report on Monday, February 24th. 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 issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price 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.