The Toronto-Dominion Bank (NYSE:TD) Shares Bought by Forum Financial Management LP

Forum Financial Management LP boosted its stake in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 64.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,711 shares of the bank's stock after buying an additional 7,313 shares during the period. Forum Financial Management LP's holdings in Toronto-Dominion Bank were worth $996,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of TD. Vanguard Group Inc. raised its stake in shares of Toronto-Dominion Bank by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 74,118,551 shares of the bank's stock worth $3,946,072,000 after acquiring an additional 1,415,934 shares in the last quarter. FIL Ltd grew its stake in Toronto-Dominion Bank by 17.3% during the 4th quarter. FIL Ltd now owns 38,989,749 shares of the bank's stock worth $2,075,819,000 after buying an additional 5,756,584 shares during the last quarter. Norges Bank acquired a new position in Toronto-Dominion Bank during the 4th quarter valued at about $992,204,000. Beutel Goodman & Co Ltd. raised its stake in Toronto-Dominion Bank by 3.8% in the fourth quarter. Beutel Goodman & Co Ltd. now owns 16,803,807 shares of the bank's stock valued at $894,169,000 after buying an additional 622,736 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in Toronto-Dominion Bank by 0.4% in the fourth quarter. CIBC Asset Management Inc now owns 16,575,599 shares of the bank's stock worth $882,241,000 after acquiring an additional 59,956 shares in the last quarter. Institutional investors own 52.37% of the company's stock.

Toronto-Dominion Bank Stock Up 0.3 %

Shares of TD traded up $0.19 during midday trading on Monday, reaching $60.89. The stock had a trading volume of 1,344,675 shares, compared to its average volume of 2,502,934. The company's fifty day simple moving average is $59.27 and its two-hundred day simple moving average is $57.06. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03. The Toronto-Dominion Bank has a 1-year low of $51.25 and a 1-year high of $64.91. The company has a market cap of $106.70 billion, a price-to-earnings ratio of 17.55, a PEG ratio of 1.95 and a beta of 0.73.

Toronto-Dominion Bank Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be issued 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 4.78%. Toronto-Dominion Bank's payout ratio is 85.59%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on TD shares. Jefferies Financial Group cut Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Bank of America upgraded Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. Finally, StockNews.com cut shares of Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research note on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price 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.