The Toronto-Dominion Bank (NYSE:TD) Shares Purchased by First Trust Advisors LP

First Trust Advisors LP raised its stake in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 9.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 866,806 shares of the bank's stock after buying an additional 72,135 shares during the period. First Trust Advisors LP's holdings in Toronto-Dominion Bank were worth $46,149,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on TD shares. Jefferies Financial Group cut shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Bank of America upgraded Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research report on Friday, January 17th. Finally, StockNews.com cut 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 assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $80.50.

Toronto-Dominion Bank Stock Down 0.1 %

Shares of NYSE:TD traded down $0.07 during trading on Friday, hitting $62.13. The company's stock had a trading volume of 3,173,704 shares, compared to its average volume of 2,483,119. The company has a market capitalization of $107.85 billion, a PE ratio of 17.90, a P/E/G ratio of 1.95 and a beta of 0.73. The business has a 50 day moving average price of $59.44 and a two-hundred day moving average price of $57.06. The Toronto-Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week 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.

Toronto-Dominion Bank Cuts Dividend

The company also recently declared 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. This represents a $2.91 annualized dividend and a yield of 4.69%. The ex-dividend date of this dividend is Thursday, April 10th. Toronto-Dominion Bank's dividend payout ratio (DPR) is presently 85.59%.

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.