LGT Group Foundation Purchases 2,000 Shares of The Toronto-Dominion Bank (NYSE:TD)

LGT Group Foundation raised its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 31.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,300 shares of the bank’s stock after acquiring an additional 2,000 shares during the quarter. LGT Group Foundation’s holdings in Toronto-Dominion Bank were worth $441,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Dunhill Financial LLC lifted its holdings in Toronto-Dominion Bank by 164.9% in the third quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock valued at $25,000 after acquiring an additional 249 shares during the period. Bank of Jackson Hole Trust bought a new position in Toronto-Dominion Bank in the fourth quarter valued at about $32,000. Versant Capital Management Inc lifted its holdings in Toronto-Dominion Bank by 40.0% in the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock valued at $37,000 after acquiring an additional 200 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Toronto-Dominion Bank in the fourth quarter worth about $51,000. Finally, Union Bancaire Privee UBP SA bought a new position in shares of Toronto-Dominion Bank in the fourth quarter worth about $58,000. Institutional investors own 52.37% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Desjardins downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Royal Bank of Canada decreased their price objective on Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating on the stock in a research note on Friday, December 6th. Bank of America raised Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. Barclays downgraded Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. Finally, BMO Capital Markets raised Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 19th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $80.50.

Toronto-Dominion Bank Stock Down 0.6 %

Shares of TD opened at $59.56 on Tuesday. The business’s 50 day moving average is $56.92 and its 200 day moving average is $57.65. The company has a market capitalization of $104.36 billion, a PE ratio of 17.16, a price-to-earnings-growth ratio of 1.95 and a beta of 0.84. The Toronto-Dominion Bank has a 12-month low of $51.25 and a 12-month high of $64.91. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11.

Toronto-Dominion Bank Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be paid a dividend of $0.7278 per share. This represents a $2.91 annualized dividend and a yield of 4.89%. The ex-dividend date of this dividend is Thursday, April 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 84.71%.

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.