Aviva PLC Has $55.97 Million Stock Holdings in The Toronto-Dominion Bank (NYSE:TD)

Aviva PLC boosted its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 11.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,053,329 shares of the bank’s stock after buying an additional 108,136 shares during the period. Aviva PLC’s holdings in Toronto-Dominion Bank were worth $55,967,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd acquired a new position in shares of Toronto-Dominion Bank in the 4th quarter valued at about $1,686,000. World Investment Advisors grew its position in Toronto-Dominion Bank by 7.9% during the fourth quarter. World Investment Advisors now owns 4,526 shares of the bank’s stock valued at $241,000 after purchasing an additional 331 shares in the last quarter. Te Ahumairangi Investment Management Ltd increased its stake in Toronto-Dominion Bank by 21.2% in the 4th quarter. Te Ahumairangi Investment Management Ltd now owns 63,581 shares of the bank’s stock valued at $3,383,000 after buying an additional 11,100 shares during the period. Geode Capital Management LLC lifted its position in Toronto-Dominion Bank by 32.2% in the 4th quarter. Geode Capital Management LLC now owns 10,526,821 shares of the bank’s stock worth $569,878,000 after buying an additional 2,564,648 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of Toronto-Dominion Bank by 300.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 12,238 shares of the bank’s stock valued at $663,000 after buying an additional 9,183 shares during the period. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Price Performance

Shares of NYSE:TD opened at $57.10 on Friday. The stock has a market capitalization of $100.06 billion, a P/E ratio of 16.46, a P/E/G ratio of 1.95 and a beta of 0.73. The business has a 50-day moving average of $59.17 and a two-hundred day moving average of $57.52. The Toronto-Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $64.91. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03.

Toronto-Dominion Bank Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors 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 annualized dividend and a yield of 5.10%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 85.29%.

Analyst Upgrades and Downgrades

TD has been the topic of a number of research reports. StockNews.com downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Monday, February 24th. Bank of America raised Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. BMO Capital Markets upgraded Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. Finally, Jefferies Financial Group downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.