Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 3.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 712,379 shares of the bank's stock after buying an additional 25,828 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Toronto-Dominion Bank were worth $37,907,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Asahi Life Asset Management CO. LTD. bought a new stake in Toronto-Dominion Bank during the fourth quarter worth $416,000. Cerity Partners LLC increased its holdings in Toronto-Dominion Bank by 57.1% in the third quarter. Cerity Partners LLC now owns 26,755 shares of the bank's stock valued at $1,693,000 after purchasing an additional 9,725 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Toronto-Dominion Bank by 1.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,761,308 shares of the bank's stock valued at $617,166,000 after purchasing an additional 144,427 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Toronto-Dominion Bank by 61.1% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,011,579 shares of the bank's stock valued at $380,118,000 after purchasing an additional 2,279,864 shares during the period. Finally, FMR LLC increased its holdings in Toronto-Dominion Bank by 9.9% in the third quarter. FMR LLC now owns 6,553,761 shares of the bank's stock valued at $414,417,000 after purchasing an additional 587,947 shares during the period. 52.37% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on TD shares. Barclays cut shares of Toronto-Dominion Bank from an "equal weight" rating to an "underweight" rating in a research report on Thursday, November 21st. BMO Capital Markets raised shares of Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a research report on Thursday, December 19th. Royal Bank of Canada cut their price objective on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a "sector perform" rating on the stock in a research report on Friday, December 6th. StockNews.com cut shares of Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research report on Monday, February 24th. Finally, Bank of America raised shares of Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Toronto-Dominion Bank has a consensus rating of "Hold" and an average target price of $80.50.
Check Out Our Latest Stock Analysis on TD
Toronto-Dominion Bank Stock Performance
Shares of Toronto-Dominion Bank stock traded up $0.64 during mid-day trading on Wednesday, hitting $58.31. 461,871 shares of the stock were exchanged, compared to its average volume of 2,412,184. The Toronto-Dominion Bank has a 12 month low of $51.25 and a 12 month high of $64.91. The company has a 50-day simple moving average of $57.62 and a 200 day simple moving average of $57.63. 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 company has a market capitalization of $102.18 billion, a P/E ratio of 16.79, a P/E/G ratio of 1.95 and a beta of 0.83.
Toronto-Dominion Bank Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be paid a dividend of $0.7278 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.91 annualized dividend and a dividend yield of 4.99%. Toronto-Dominion Bank's payout ratio is currently 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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