The Toronto-Dominion Bank (NYSE:TD) Shares Acquired by TD Private Client Wealth LLC

TD Private Client Wealth LLC boosted its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 321.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,003 shares of the bank’s stock after purchasing 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 quarter.

A number of other institutional investors have also recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew its stake in shares of Toronto-Dominion Bank by 24.9% in 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 buying an additional 2,689,532 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Toronto-Dominion Bank by 61.1% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,011,579 shares of the bank’s stock worth $380,118,000 after buying an additional 2,279,864 shares during the last quarter. Quadrature Capital Ltd grew its holdings in Toronto-Dominion Bank by 175.5% during the 3rd quarter. Quadrature Capital Ltd now owns 2,467,300 shares of the bank’s stock valued at $156,202,000 after buying an additional 1,571,700 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in Toronto-Dominion Bank by 64.6% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,273,520 shares of the bank’s stock worth $143,922,000 after buying an additional 892,183 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI purchased a new stake in Toronto-Dominion Bank in the 3rd quarter worth approximately $43,257,000. Institutional investors and hedge funds own 52.37% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Jefferies Financial Group downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, February 18th. BMO Capital Markets upgraded Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 19th. StockNews.com cut shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Monday, February 24th. 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, Scotiabank downgraded shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, December 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Toronto-Dominion Bank has a consensus rating of “Hold” and a consensus price target of $80.50.

Toronto-Dominion Bank Price Performance

Shares of Toronto-Dominion Bank stock opened at $60.95 on Wednesday. The Toronto-Dominion Bank has a 12 month low of $51.25 and a 12 month high of $64.91. The stock has a market capitalization of $106.80 billion, a P/E ratio of 17.56, a PEG ratio of 1.95 and a beta of 0.83. The business has a 50 day simple moving average of $58.71 and a two-hundred day simple moving average of $57.62. 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.7278 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.91 annualized dividend and a dividend yield of 4.78%. Toronto-Dominion Bank’s dividend payout ratio is currently 85.29%.

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.