UniSuper Management Pty Ltd lifted its holdings in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 26.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 575,800 shares of the bank's stock after purchasing an additional 120,600 shares during the quarter. UniSuper Management Pty Ltd's holdings in Toronto-Dominion Bank were worth $30,656,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. lifted its position in Toronto-Dominion Bank by 3.4% in the 4th quarter. JPMorgan Chase & Co. now owns 7,213,418 shares of the bank's stock valued at $384,042,000 after acquiring an additional 236,037 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Toronto-Dominion Bank by 43.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,139 shares of the bank's stock valued at $169,000 after purchasing an additional 957 shares in the last quarter. Penobscot Investment Management Company Inc. boosted its position in shares of Toronto-Dominion Bank by 22.0% during the fourth quarter. Penobscot Investment Management Company Inc. now owns 9,144 shares of the bank's stock worth $487,000 after buying an additional 1,650 shares during the period. UNIVEST FINANCIAL Corp boosted its position in shares of Toronto-Dominion Bank by 6.1% during the fourth quarter. UNIVEST FINANCIAL Corp now owns 60,710 shares of the bank's stock worth $3,232,000 after buying an additional 3,501 shares during the period. Finally, Murphy & Mullick Capital Management Corp bought a new position in shares of Toronto-Dominion Bank during the fourth quarter worth about $39,000. Institutional investors own 52.37% of the company's stock.
Analyst Ratings Changes
Several research firms have commented on TD. Bank of America upgraded Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. Royal Bank of Canada decreased their target price on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a "sector perform" rating for the company in a research report on Friday, December 6th. Desjardins lowered shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Friday, December 6th. BMO Capital Markets upgraded Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a report on Thursday, December 19th. Finally, StockNews.com downgraded 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 issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $80.50.
Check Out Our Latest Research Report on Toronto-Dominion Bank
Toronto-Dominion Bank Stock Performance
Toronto-Dominion Bank stock traded down $0.29 during midday trading on Monday, reaching $60.00. 491,045 shares of the company's stock were exchanged, compared to its average volume of 2,555,516. 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 stock's 50-day simple moving average is $58.99 and its 200 day simple moving average is $57.61. The firm has a market cap of $105.14 billion, a price-to-earnings ratio of 17.28, a P/E/G ratio of 1.95 and a beta of 0.83. The Toronto-Dominion Bank has a 52 week low of $51.25 and a 52 week high of $64.91.
Toronto-Dominion Bank Cuts Dividend
The firm also recently announced 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. This represents a $2.91 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank's payout ratio is presently 85.29%.
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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