Van ECK Associates Corp Boosts Stock Position in The Toronto-Dominion Bank (NYSE:TD)

Van ECK Associates Corp boosted its position in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 20.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 561,482 shares of the bank's stock after purchasing an additional 96,117 shares during the quarter. Van ECK Associates Corp's holdings in Toronto-Dominion Bank were worth $29,866,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TD. CWM LLC boosted its stake in shares of Toronto-Dominion Bank by 2.4% during the third quarter. CWM LLC now owns 7,208 shares of the bank's stock valued at $456,000 after acquiring an additional 170 shares during the last quarter. Pathstone Holdings LLC boosted its stake in shares of Toronto-Dominion Bank by 0.8% during the third quarter. Pathstone Holdings LLC now owns 22,309 shares of the bank's stock valued at $1,411,000 after acquiring an additional 184 shares during the last quarter. Passumpsic Savings Bank boosted its stake in Toronto-Dominion Bank by 2.6% in the 3rd quarter. Passumpsic Savings Bank now owns 7,530 shares of the bank's stock worth $476,000 after buying an additional 194 shares during the last quarter. Versant Capital Management Inc boosted its stake in Toronto-Dominion Bank by 40.0% in the 4th quarter. Versant Capital Management Inc now owns 700 shares of the bank's stock worth $37,000 after buying an additional 200 shares during the last quarter. Finally, Dunhill Financial LLC boosted its stake in Toronto-Dominion Bank by 164.9% in the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank's stock worth $25,000 after buying an additional 249 shares during the last quarter. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Stock Up 0.2 %

Shares of NYSE:TD traded up $0.15 during mid-day trading on Tuesday, hitting $59.90. 410,267 shares of the company traded hands, compared to its average volume of 2,783,486. The firm has a market cap of $104.84 billion, a P/E ratio of 17.27, a PEG ratio of 1.86 and a beta of 0.84. 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 Toronto-Dominion Bank has a 52-week low of $51.25 and a 52-week high of $64.91. The firm's 50 day simple moving average is $55.50 and its 200 day simple moving average is $57.45.

Toronto-Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were issued a dividend of $0.7482 per share. The ex-dividend date of this dividend was Friday, January 10th. This is an increase from Toronto-Dominion Bank's previous quarterly dividend of $0.74. This represents a $2.99 annualized dividend and a yield of 5.00%. Toronto-Dominion Bank's payout ratio is currently 84.15%.

Analyst Ratings Changes

TD has been the topic of a number of research analyst reports. Jefferies Financial Group lowered Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Tuesday. BMO Capital Markets raised Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a research note on Thursday, December 19th. StockNews.com raised Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a research note on Wednesday, February 5th. Bank of America raised Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. Finally, Desjardins lowered Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $80.50.

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.