FIL Ltd boosted its position in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 17.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,989,749 shares of the bank's stock after buying an additional 5,756,584 shares during the period. Toronto-Dominion Bank makes up 1.9% of FIL Ltd's holdings, making the stock its 5th biggest holding. FIL Ltd owned about 2.23% of Toronto-Dominion Bank worth $2,075,819,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of TD. Invesco Ltd. lifted its position in shares of Toronto-Dominion Bank by 6.8% during the 4th quarter. Invesco Ltd. now owns 4,694,139 shares of the bank's stock valued at $249,916,000 after acquiring an additional 299,689 shares during the period. Quadrant Capital Group LLC raised its holdings in shares of Toronto-Dominion Bank by 12.9% during the fourth quarter. Quadrant Capital Group LLC now owns 2,691 shares of the bank's stock valued at $143,000 after purchasing an additional 307 shares during the period. Grantham Mayo Van Otterloo & Co. LLC grew its stake in shares of Toronto-Dominion Bank by 1.1% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 591,470 shares of the bank's stock valued at $31,474,000 after buying an additional 6,312 shares during the period. Aviva PLC increased its position in Toronto-Dominion Bank by 11.4% in the 4th quarter. Aviva PLC now owns 1,053,329 shares of the bank's stock valued at $55,967,000 after buying an additional 108,136 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Toronto-Dominion Bank during the 4th quarter worth approximately $1,686,000. Institutional investors own 52.37% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have recently commented on the company. StockNews.com downgraded Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a 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 note on Tuesday, February 18th. 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. Finally, Bank of America raised shares of Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research report on Friday, January 17th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $80.50.
View Our Latest Stock Analysis on TD
Toronto-Dominion Bank Stock Performance
Shares of NYSE:TD traded up $1.79 during mid-day trading on Friday, reaching $58.43. The company had a trading volume of 2,367,489 shares, compared to its average volume of 2,529,682. The company's 50-day moving average price is $59.10 and its 200-day moving average price is $57.19. The Toronto-Dominion Bank has a one year low of $51.25 and a one year high of $64.91. The firm has a market cap of $102.39 billion, a price-to-earnings ratio of 16.84, a PEG 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 declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.98%. Toronto-Dominion Bank's dividend payout ratio is presently 85.29%.
Toronto-Dominion Bank Company Profile
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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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