TD Private Client Wealth LLC Buys 765 Shares of The Toronto-Dominion Bank (NYSE:TD)

TD Private Client Wealth LLC grew its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 321.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,003 shares of the bank’s stock after buying an additional 765 shares during the quarter. TD Private Client Wealth LLC’s holdings in Toronto-Dominion Bank were worth $53,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of TD. Lee Danner & Bass Inc. acquired a new stake in Toronto-Dominion Bank in the fourth quarter worth $27,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Toronto-Dominion Bank by 1.3% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 290,664 shares of the bank’s stock valued at $15,467,000 after acquiring an additional 3,600 shares in the last quarter. Royal London Asset Management Ltd. boosted its position in Toronto-Dominion Bank by 0.5% in the fourth quarter. Royal London Asset Management Ltd. now owns 417,319 shares of the bank’s stock worth $22,218,000 after purchasing an additional 2,120 shares during the last quarter. Maryland State Retirement & Pension System grew its position in shares of Toronto-Dominion Bank by 1.9% during the fourth quarter. Maryland State Retirement & Pension System now owns 157,036 shares of the bank’s stock worth $8,355,000 after purchasing an additional 2,875 shares in the last quarter. Finally, Generali Asset Management SPA SGR purchased a new position in Toronto-Dominion Bank in the fourth quarter worth about $6,720,000. Institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Trading Up 0.7 %

NYSE TD opened at $60.95 on Wednesday. The Toronto-Dominion Bank has a 52 week low of $51.25 and a 52 week high of $64.91. The company has a 50 day moving average price of $58.71 and a 200 day moving average price of $57.62. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11. The firm has a market cap of $106.80 billion, a PE ratio of 17.56, a price-to-earnings-growth ratio of 1.95 and a beta of 0.83.

Toronto-Dominion Bank Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be given 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 4.78%. Toronto-Dominion Bank’s payout ratio is 85.29%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. StockNews.com lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Monday, February 24th. Scotiabank cut Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday, December 6th. BMO Capital Markets upgraded Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 19th. Bank of America raised shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. Finally, Desjardins cut shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price 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.