Vanguard Group Inc. raised its stake in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 1.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,118,551 shares of the bank's stock after buying an additional 1,415,934 shares during the period. Vanguard Group Inc. owned 4.23% of Toronto-Dominion Bank worth $3,946,072,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Pathstone Holdings LLC raised its stake in shares of Toronto-Dominion Bank by 0.8% in the 3rd 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 in the last quarter. Commerce Bank bought a new position in shares of Toronto-Dominion Bank in the third quarter valued at approximately $207,000. Cerity Partners LLC lifted its stake in shares of Toronto-Dominion Bank by 57.1% in the third quarter. Cerity Partners LLC now owns 26,755 shares of the bank's stock worth $1,693,000 after buying an additional 9,725 shares during the last quarter. DRW Securities LLC bought a new stake in shares of Toronto-Dominion Bank during the 3rd quarter worth $1,632,000. Finally, Brown Brothers Harriman & Co. grew its stake in Toronto-Dominion Bank by 20.2% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,138 shares of the bank's stock valued at $199,000 after buying an additional 528 shares during the last quarter. Institutional investors and hedge funds own 52.37% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have weighed in on TD. Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Desjardins downgraded Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Friday, December 6th. Scotiabank downgraded Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a research report on Friday, December 6th. Royal Bank of Canada reduced their price objective on Toronto-Dominion Bank from $82.00 to $77.00 and set a "sector perform" rating for the company in a research report on Friday, December 6th. Finally, Bank of America upgraded shares of Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $80.50.
Read Our Latest Stock Report on TD
Toronto-Dominion Bank Stock Performance
Shares of NYSE:TD traded down $0.65 during trading on Friday, hitting $60.31. 4,689,721 shares of the stock were exchanged, compared to its average volume of 2,563,598. The company has a market capitalization of $105.67 billion, a price-to-earnings ratio of 17.38, a price-to-earnings-growth ratio of 1.95 and a beta of 0.83. 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 1-year low of $51.25 and a 1-year high of $64.91. The company's fifty day simple moving average is $58.99 and its 200-day simple moving average is $57.66.
Toronto-Dominion Bank Cuts Dividend
The firm 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 $0.7278 dividend. This represents a $2.91 annualized dividend and a yield of 4.83%. The ex-dividend date of this dividend is Thursday, April 10th. Toronto-Dominion Bank's dividend payout ratio (DPR) is presently 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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