Norges Bank Acquires New Holdings in The Toronto-Dominion Bank (NYSE:TD)

Norges Bank bought a new position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 18,660,404 shares of the bank’s stock, valued at approximately $992,204,000. Norges Bank owned 1.07% of Toronto-Dominion Bank as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. UniSuper Management Pty Ltd raised its holdings in shares of Toronto-Dominion Bank by 26.5% during the fourth quarter. UniSuper Management Pty Ltd now owns 575,800 shares of the bank’s stock worth $30,656,000 after acquiring an additional 120,600 shares during the period. JPMorgan Chase & Co. increased its holdings in Toronto-Dominion Bank by 3.4% during the 4th quarter. JPMorgan Chase & Co. now owns 7,213,418 shares of the bank’s stock worth $384,042,000 after purchasing an additional 236,037 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Toronto-Dominion Bank by 43.9% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,139 shares of the bank’s stock valued at $169,000 after purchasing an additional 957 shares during the period. Penobscot Investment Management Company Inc. lifted its holdings in shares of Toronto-Dominion Bank by 22.0% in the fourth quarter. Penobscot Investment Management Company Inc. now owns 9,144 shares of the bank’s stock valued at $487,000 after purchasing an additional 1,650 shares in the last quarter. Finally, UNIVEST FINANCIAL Corp boosted its position in shares of Toronto-Dominion Bank by 6.1% during the fourth quarter. UNIVEST FINANCIAL Corp now owns 60,710 shares of the bank’s stock worth $3,232,000 after buying an additional 3,501 shares during the period. Institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Down 0.2 %

Toronto-Dominion Bank stock opened at $61.00 on Friday. 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 company’s 50-day moving average is $58.94 and its 200-day moving average is $57.67. The firm has a market capitalization of $106.89 billion, a PE ratio of 17.58, a P/E/G ratio of 1.95 and a beta of 0.83. The Toronto-Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $64.91.

Toronto-Dominion Bank Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be paid a $0.7278 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.91 annualized dividend and a yield of 4.77%. Toronto-Dominion Bank’s dividend payout ratio is 85.29%.

Analysts Set New Price Targets

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