Vanguard Group Inc. Boosts Stake in The Toronto-Dominion Bank (NYSE:TD)

Vanguard Group Inc. increased its holdings in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 1.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 74,118,551 shares of the bank's stock after buying an additional 1,415,934 shares during the quarter. Vanguard Group Inc. owned 4.23% of Toronto-Dominion Bank worth $3,946,072,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. CIBC Asset Management Inc raised its holdings in Toronto-Dominion Bank by 0.4% in the 4th quarter. CIBC Asset Management Inc now owns 16,575,599 shares of the bank's stock valued at $882,241,000 after buying an additional 59,956 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Toronto-Dominion Bank by 24.9% in the third quarter. The Manufacturers Life Insurance Company now owns 13,509,261 shares of the bank's stock worth $854,815,000 after purchasing an additional 2,689,532 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Toronto-Dominion Bank by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 7,962,173 shares of the bank's stock valued at $506,846,000 after buying an additional 479,624 shares during the last quarter. FMR LLC raised its position in shares of Toronto-Dominion Bank by 9.9% during the third quarter. FMR LLC now owns 6,553,761 shares of the bank's stock worth $414,417,000 after acquiring an additional 587,947 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of 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 worth $380,118,000 after acquiring an additional 2,279,864 shares during the period. Institutional investors and hedge funds own 52.37% of the company's stock.

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Toronto-Dominion Bank Stock Down 0.4 %

Shares of NYSE:TD traded down $0.23 during midday trading on Friday, hitting $60.73. 187,332 shares of the company's stock were exchanged, compared to its average volume of 2,285,976. 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 12 month low of $51.25 and a 12 month high of $64.91. The company has a market cap of $106.42 billion, a PE ratio of 17.50, a price-to-earnings-growth ratio of 1.95 and a beta of 0.83. The stock has a 50 day moving average price of $58.94 and a 200-day moving average price of $57.67.

Toronto-Dominion Bank Cuts Dividend

The business 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 is Thursday, April 10th. This represents a $2.91 dividend on an annualized basis and a dividend yield of 4.79%. Toronto-Dominion Bank's dividend payout ratio is presently 85.29%.

Analysts Set New Price Targets

A number of analysts have commented on TD shares. Royal Bank of Canada cut their price target 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. BMO Capital Markets upgraded Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a report on Thursday, December 19th. Bank of America upgraded Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a report on Friday, January 17th. Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Finally, StockNews.com cut shares of Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a report 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. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $80.50.

Toronto-Dominion Bank Company 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.