Mn Services Vermogensbeheer B.V. Buys 3,200 Shares of The Toronto-Dominion Bank (NYSE:TD)

Mn Services Vermogensbeheer B.V. grew its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 387,300 shares of the bank’s stock after purchasing an additional 3,200 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Toronto-Dominion Bank were worth $20,609,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. CIBC Asset Management Inc grew its stake in Toronto-Dominion Bank by 0.4% in the 4th quarter. CIBC Asset Management Inc now owns 16,575,599 shares of the bank’s stock valued at $882,241,000 after buying an additional 59,956 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Toronto-Dominion Bank by 24.9% during the third quarter. The Manufacturers Life Insurance Company now owns 13,509,261 shares of the bank’s stock valued at $854,815,000 after acquiring an additional 2,689,532 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Toronto-Dominion Bank by 2.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 12,186,545 shares of the bank’s stock valued at $770,921,000 after purchasing an additional 301,649 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Toronto-Dominion Bank by 1.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,761,308 shares of the bank’s stock worth $617,166,000 after purchasing an additional 144,427 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Toronto-Dominion Bank by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 7,962,173 shares of the bank’s stock worth $506,846,000 after purchasing an additional 479,624 shares during the last quarter. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto-Dominion Bank Stock Up 0.1 %

Shares of TD stock opened at $59.79 on Friday. The stock has a market cap of $104.76 billion, a P/E ratio of 17.23, a price-to-earnings-growth ratio of 1.95 and a beta of 0.84. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a fifty day moving average price of $56.62 and a 200 day moving average price of $57.62. The Toronto-Dominion Bank has a one year low of $51.25 and a one year high of $64.91.

Toronto-Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were given a dividend of $0.7482 per share. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. This represents a $2.99 annualized dividend and a dividend yield of 5.01%. The ex-dividend date of this dividend was Friday, January 10th. Toronto-Dominion Bank’s payout ratio is 83.86%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Barclays lowered Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. StockNews.com lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Monday. Desjardins downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Friday, December 6th. 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. Finally, Scotiabank lowered shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, December 6th. Two equities research 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 company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $80.50.

Toronto-Dominion Bank 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.