Wasatch Advisors LP Has $2.31 Million Position in The Toronto-Dominion Bank (NYSE:TD)

Wasatch Advisors LP raised its stake in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 11.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 43,420 shares of the bank's stock after buying an additional 4,610 shares during the quarter. Wasatch Advisors LP's holdings in Toronto-Dominion Bank were worth $2,309,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Lee Danner & Bass Inc. bought a new stake in shares of Toronto-Dominion Bank during the 4th quarter worth about $27,000. Bank of Jackson Hole Trust bought a new stake in Toronto-Dominion Bank during the fourth quarter worth approximately $32,000. Versant Capital Management Inc lifted 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 purchasing an additional 200 shares during the period. Murphy & Mullick Capital Management Corp bought a new position in Toronto-Dominion Bank during the 4th quarter valued at $39,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Toronto-Dominion Bank in the 4th quarter worth $51,000. Institutional investors and hedge funds own 52.37% of the company's stock.

Toronto-Dominion Bank Stock Down 0.2 %

NYSE TD traded down $0.12 during trading on Wednesday, reaching $61.84. 515,562 shares of the company's stock were exchanged, compared to its average volume of 2,484,443. The firm has a market capitalization of $108.36 billion, a PE ratio of 17.82, a P/E/G ratio of 1.95 and a beta of 0.73. The Toronto-Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $64.91. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11. The company's fifty day simple moving average is $59.31 and its 200-day simple moving average is $57.09.

Toronto-Dominion Bank Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders 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 yield of 4.71%. Toronto-Dominion Bank's dividend payout ratio is presently 85.59%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Jefferies Financial Group cut shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Bank of America raised Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research report on Friday, January 17th. Finally, StockNews.com lowered 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 issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Toronto-Dominion Bank has an average rating of "Hold" and an average price target of $80.50.

About Toronto-Dominion Bank

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.