CIBC Private Wealth Group LLC Purchases 9,183 Shares of The Toronto-Dominion Bank (NYSE:TD)

CIBC Private Wealth Group LLC lifted its stake in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 300.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,238 shares of the bank's stock after purchasing an additional 9,183 shares during the quarter. CIBC Private Wealth Group LLC's holdings in Toronto-Dominion Bank were worth $663,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Dunhill Financial LLC increased its position in shares of Toronto-Dominion Bank by 164.9% during the third quarter. Dunhill Financial LLC now owns 400 shares of the bank's stock valued at $25,000 after buying an additional 249 shares during the period. Lee Danner & Bass Inc. bought a new stake in Toronto-Dominion Bank during the 4th quarter worth approximately $27,000. Bank of Jackson Hole Trust purchased a new stake in Toronto-Dominion Bank in the 4th quarter worth approximately $32,000. Versant Capital Management Inc boosted 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 valued at $37,000 after purchasing an additional 200 shares during the period. Finally, Murphy & Mullick Capital Management Corp purchased a new position in shares of Toronto-Dominion Bank during the 4th quarter valued at $39,000. Hedge funds and other institutional investors own 52.37% of the company's stock.

Toronto-Dominion Bank Price Performance

NYSE:TD traded up $1.66 during mid-day trading on Wednesday, reaching $57.55. The stock had a trading volume of 3,625,992 shares, compared to its average volume of 2,539,300. The Toronto-Dominion Bank has a one year low of $51.25 and a one year high of $64.91. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a 50 day moving average price of $59.08 and a two-hundred day moving average price of $57.31. The stock has a market capitalization of $100.85 billion, a P/E ratio of 16.59, a P/E/G ratio of 1.95 and a beta of 0.73.

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Toronto-Dominion Bank Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be paid a $0.7278 dividend. 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 5.06%. Toronto-Dominion Bank's dividend payout ratio (DPR) is 85.29%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on TD shares. Jefferies Financial Group downgraded Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. BMO Capital Markets upgraded Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a research report on Thursday, December 19th. Bank of America upgraded shares of Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research report on Friday, January 17th. Finally, StockNews.com lowered shares of Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Toronto-Dominion Bank presently has a consensus rating of "Hold" and a consensus 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.