Grantham Mayo Van Otterloo & Co. LLC boosted its position in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 591,470 shares of the bank's stock after purchasing an additional 6,312 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC's holdings in Toronto-Dominion Bank were worth $31,474,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of TD. Asahi Life Asset Management CO. LTD. bought a new position in shares of Toronto-Dominion Bank in the fourth quarter worth $416,000. Vanguard Group Inc. lifted its holdings in Toronto-Dominion Bank by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 74,118,551 shares of the bank's stock worth $3,946,072,000 after purchasing an additional 1,415,934 shares during the period. JPMorgan Chase & Co. grew its position in Toronto-Dominion Bank by 3.4% in the 4th quarter. JPMorgan Chase & Co. now owns 7,213,418 shares of the bank's stock valued at $384,042,000 after buying an additional 236,037 shares in the last quarter. Nicola Wealth Management LTD. increased its stake 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 during the period. Finally, Te Ahumairangi Investment Management Ltd raised its position in shares of Toronto-Dominion Bank by 21.2% during the 4th quarter. Te Ahumairangi Investment Management Ltd now owns 63,581 shares of the bank's stock worth $3,383,000 after buying an additional 11,100 shares in the last quarter. 52.37% of the stock is owned by institutional investors and hedge funds.
Toronto-Dominion Bank Trading Up 2.4 %
TD stock traded up $1.38 during mid-day trading on Friday, reaching $58.02. 816,998 shares of the stock traded hands, compared to its average volume of 2,530,249. The Toronto-Dominion Bank has a 52-week low of $51.25 and a 52-week high of $64.91. The stock's fifty day moving average is $59.08 and its 200-day moving average is $57.26. The company has a market cap of $101.67 billion, a P/E ratio of 16.71, a P/E/G ratio of 1.95 and a beta of 0.73. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11.
Toronto-Dominion Bank Cuts Dividend
The company also recently disclosed 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. This represents a $2.91 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date of this dividend is Thursday, April 10th. Toronto-Dominion Bank's dividend payout ratio is 85.29%.
Analyst Ratings Changes
Several research analysts have recently issued reports on TD shares. 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. Bank of America raised Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. StockNews.com downgraded Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research note on Monday, February 24th. Finally, Jefferies Financial Group cut Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Two 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 issued a strong buy rating to the stock. Based on data from MarketBeat, Toronto-Dominion Bank currently has an average rating of "Hold" and a consensus target price of $80.50.
Read Our Latest Stock Analysis on Toronto-Dominion Bank
Toronto-Dominion Bank 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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