Heathbridge Capital Management Ltd. lifted its stake in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 19.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 302,200 shares of the bank's stock after acquiring an additional 48,620 shares during the quarter. Toronto-Dominion Bank makes up approximately 6.4% of Heathbridge Capital Management Ltd.'s holdings, making the stock its 4th biggest position. Heathbridge Capital Management Ltd.'s holdings in Toronto-Dominion Bank were worth $16,073,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Dunhill Financial LLC lifted its holdings in Toronto-Dominion Bank by 164.9% in the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank's stock worth $25,000 after purchasing an additional 249 shares in the last quarter. Versant Capital Management Inc lifted its holdings in Toronto-Dominion Bank by 40.0% in the 4th quarter. Versant Capital Management Inc now owns 700 shares of the bank's stock worth $37,000 after purchasing an additional 200 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in Toronto-Dominion Bank in the 4th quarter worth approximately $58,000. Morse Asset Management Inc purchased a new position in Toronto-Dominion Bank in the 3rd quarter worth approximately $63,000. Finally, Eastern Bank purchased a new position in Toronto-Dominion Bank in the 3rd quarter worth approximately $66,000. 52.37% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of research analysts recently commented on TD shares. Scotiabank cut Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a report on Friday, December 6th. Desjardins cut Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Friday, December 6th. BMO Capital Markets raised Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a report on Thursday, December 19th. Barclays cut Toronto-Dominion Bank from an "equal weight" rating to an "underweight" rating in a report on Thursday, November 21st. Finally, Bank of America raised Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a report on Friday, January 17th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Toronto-Dominion Bank presently has an average rating of "Hold" and an average target price of $80.50.
Check Out Our Latest Analysis on TD
Toronto-Dominion Bank Trading Up 0.4 %
Shares of NYSE TD traded up $0.25 during trading hours on Thursday, hitting $60.38. 926,886 shares of the company traded hands, compared to its average volume of 2,722,512. The stock has a market capitalization of $105.68 billion, a price-to-earnings ratio of 17.40, a price-to-earnings-growth ratio of 1.94 and a beta of 0.84. 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 50 day moving average price is $55.77 and its 200 day moving average price is $57.49. The Toronto-Dominion Bank has a 12 month low of $51.25 and a 12 month high of $64.91.
Toronto-Dominion Bank Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were given a $0.7482 dividend. This represents a $2.99 annualized dividend and a yield of 4.96%. The ex-dividend date of this dividend was Friday, January 10th. This is an increase from Toronto-Dominion Bank's previous quarterly dividend of $0.74. Toronto-Dominion Bank's dividend payout ratio is 84.15%.
About Toronto-Dominion Bank
(
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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