Invesco Ltd. Has $249.92 Million Holdings in The Toronto-Dominion Bank (NYSE:TD)

Invesco Ltd. boosted its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 6.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 4,694,139 shares of the bank’s stock after purchasing an additional 299,689 shares during the period. Invesco Ltd.’s holdings in Toronto-Dominion Bank were worth $249,916,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TD. Lee Danner & Bass Inc. acquired a new stake in shares of Toronto-Dominion Bank during the fourth quarter worth about $27,000. Bank of Jackson Hole Trust acquired a new stake in Toronto-Dominion Bank during the 4th quarter worth approximately $32,000. Versant Capital Management Inc raised its holdings in Toronto-Dominion Bank by 40.0% during the 4th quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock worth $37,000 after buying an additional 200 shares during the period. Murphy & Mullick Capital Management Corp acquired a new position in shares of Toronto-Dominion Bank in the fourth quarter valued at approximately $39,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Toronto-Dominion Bank in the fourth quarter valued at approximately $51,000. 52.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on TD shares. StockNews.com cut shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Monday, February 24th. 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 downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, February 18th. Finally, BMO Capital Markets upgraded Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 19th. Two 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 given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $80.50.

Toronto-Dominion Bank Price Performance

NYSE:TD opened at $56.54 on Friday. The Toronto-Dominion Bank has a 52-week low of $51.25 and a 52-week high of $64.91. The company has a market cap of $99.07 billion, a P/E ratio of 16.29, a P/E/G ratio of 1.95 and a beta of 0.73. 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 stock’s 50-day simple moving average is $59.08 and its 200 day simple moving average is $57.26.

Toronto-Dominion Bank Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be given a dividend of $0.7278 per share. This represents a $2.91 annualized dividend and a dividend yield of 5.15%. The ex-dividend date of this dividend is Thursday, April 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 85.29%.

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.