The Toronto-Dominion Bank (NYSE:TD) Shares Acquired by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC raised its stake in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 347.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,213 shares of the bank's stock after purchasing an additional 17,252 shares during the period. Tower Research Capital LLC TRC's holdings in Toronto-Dominion Bank were worth $1,183,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Lee Danner & Bass Inc. purchased a new position in Toronto-Dominion Bank in the fourth quarter valued at approximately $27,000. Bank of Jackson Hole Trust purchased a new position in shares of Toronto-Dominion Bank in the 4th quarter valued at $32,000. Versant Capital Management Inc raised its stake in Toronto-Dominion Bank by 40.0% during the 4th quarter. Versant Capital Management Inc now owns 700 shares of the bank's stock worth $37,000 after acquiring an additional 200 shares in the last quarter. Murphy & Mullick Capital Management Corp purchased a new stake in Toronto-Dominion Bank in the fourth quarter valued at $39,000. Finally, SBI Securities Co. Ltd. acquired a new position in Toronto-Dominion Bank in the fourth quarter valued at $51,000. Hedge funds and other institutional investors own 52.37% of the company's stock.

Toronto-Dominion Bank Stock Performance

NYSE:TD traded up $0.54 during midday trading on Monday, reaching $62.71. The stock had a trading volume of 3,066,707 shares, compared to its average volume of 2,485,453. The stock has a market cap of $108.86 billion, a P/E ratio of 18.07, a P/E/G ratio of 1.95 and a beta of 0.73. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11. The Toronto-Dominion Bank has a 12-month low of $51.25 and a 12-month high of $64.91. The firm has a fifty day simple moving average of $59.44 and a two-hundred day simple moving average of $57.05.

Toronto-Dominion Bank Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be issued a dividend of $0.7278 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.91 annualized dividend and a yield of 4.64%. Toronto-Dominion Bank's dividend payout ratio is currently 85.59%.

Analyst Ratings Changes

TD has been the subject of several research reports. Jefferies Financial Group downgraded Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Tuesday, February 18th. Bank of America raised Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a report on Friday, January 17th. Finally, StockNews.com cut shares of Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a report on Monday, February 24th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Toronto-Dominion Bank presently has an average rating of "Hold" and a consensus target price of $80.50.

Toronto-Dominion Bank Profile

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.