The Toronto-Dominion Bank (NYSE:TD) Shares Bought by Aviva PLC

Aviva PLC grew its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 11.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,053,329 shares of the bank’s stock after purchasing an additional 108,136 shares during the period. Aviva PLC owned approximately 0.06% of Toronto-Dominion Bank worth $55,967,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of TD. Dunhill Financial LLC increased its stake in Toronto-Dominion Bank by 164.9% during the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock valued at $25,000 after buying an additional 249 shares during the period. Lee Danner & Bass Inc. bought a new position in shares of Toronto-Dominion Bank in the fourth quarter valued at approximately $27,000. Bank of Jackson Hole Trust acquired a new position in shares of Toronto-Dominion Bank during the fourth quarter valued at approximately $32,000. Versant Capital Management Inc raised its holdings in Toronto-Dominion Bank by 40.0% during the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock worth $37,000 after purchasing an additional 200 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in Toronto-Dominion Bank in the fourth quarter worth approximately $39,000. 52.37% of the stock is currently owned by institutional investors.

Toronto-Dominion Bank Trading Down 2.7 %

Shares of NYSE TD opened at $57.10 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11. The Toronto-Dominion Bank has a 12 month low of $51.25 and a 12 month high of $64.91. The company has a market cap of $100.06 billion, a price-to-earnings ratio of 16.46, a P/E/G ratio of 1.95 and a beta of 0.73. The business has a fifty day simple moving average of $59.17 and a 200-day simple moving average of $57.52.

Toronto-Dominion Bank Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be issued a $0.7278 dividend. This represents a $2.91 annualized dividend and a dividend yield of 5.10%. The ex-dividend date of this dividend is Thursday, April 10th. Toronto-Dominion Bank’s payout ratio is 85.29%.

Analysts Set New Price Targets

TD has been the topic of a number of research reports. Jefferies Financial Group downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. StockNews.com lowered 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 report on Friday, January 17th. Finally, BMO Capital Markets raised shares of 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 given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Toronto-Dominion Bank has a consensus 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.