Aviva PLC raised its stake in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 11.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,053,329 shares of the bank's stock after buying an additional 108,136 shares during the quarter. Aviva PLC owned about 0.06% of Toronto-Dominion Bank worth $55,967,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the company. Verition Fund Management LLC boosted its position in shares of Toronto-Dominion Bank by 22.9% during the 3rd quarter. Verition Fund Management LLC now owns 7,661 shares of the bank's stock valued at $485,000 after acquiring an additional 1,429 shares during the last quarter. Edgestream Partners L.P. purchased a new position in Toronto-Dominion Bank in the 3rd quarter worth approximately $230,000. Benjamin Edwards Inc. bought a new position in shares of Toronto-Dominion Bank in the 3rd quarter worth $387,000. Morse Asset Management Inc bought a new stake in shares of Toronto-Dominion Bank during the 3rd quarter worth $63,000. Finally, Quantinno Capital Management LP grew its position in Toronto-Dominion Bank by 18.1% in the third quarter. Quantinno Capital Management LP now owns 58,392 shares of the bank's stock worth $3,694,000 after acquiring an additional 8,958 shares in the last quarter. 52.37% of the stock is currently owned by institutional investors.
Toronto-Dominion Bank Trading Up 2.2 %
Shares of TD stock traded up $1.24 during trading hours on Friday, reaching $57.88. 739,430 shares of the stock were exchanged, compared to its average volume of 2,530,038. The Toronto-Dominion Bank has a 12-month low of $51.25 and a 12-month high of $64.91. The firm has a market capitalization of $101.43 billion, a price-to-earnings ratio of 16.67, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. The company's 50-day moving average price is $59.08 and its 200-day moving average price is $57.26. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11.
Toronto-Dominion Bank Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders 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 dividend on an annualized basis and a yield of 5.03%. Toronto-Dominion Bank's dividend payout ratio is currently 85.29%.
Analyst Upgrades and Downgrades
A number of research analysts have commented on TD shares. 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. BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a report on Thursday, December 19th. StockNews.com lowered Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research report on Monday, February 24th. Finally, Jefferies Financial Group downgraded shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Two research 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 company's stock. Based on data from MarketBeat, the company 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 Profile
(
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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