Guardian Capital LP Purchases 14,391 Shares of The Toronto-Dominion Bank (NYSE:TD)

Guardian Capital LP increased its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 1.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 844,922 shares of the bank’s stock after acquiring an additional 14,391 shares during the period. Toronto-Dominion Bank comprises about 1.7% of Guardian Capital LP’s investment portfolio, making the stock its 17th biggest holding. Guardian Capital LP’s holdings in Toronto-Dominion Bank were worth $44,960,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Toronto-Dominion Bank during the 4th quarter valued at about $992,204,000. FIL Ltd increased its holdings in Toronto-Dominion Bank by 17.3% during the fourth quarter. FIL Ltd now owns 38,989,749 shares of the bank’s stock valued at $2,075,819,000 after buying an additional 5,756,584 shares during the last quarter. Geode Capital Management LLC raised its position in Toronto-Dominion Bank by 32.2% in the fourth quarter. Geode Capital Management LLC now owns 10,526,821 shares of the bank’s stock worth $569,878,000 after acquiring an additional 2,564,648 shares during the period. Vanguard Group Inc. grew its position in shares of Toronto-Dominion Bank by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 74,118,551 shares of the bank’s stock valued at $3,946,072,000 after acquiring an additional 1,415,934 shares during the period. Finally, Guardian Partners Inc. purchased a new stake in shares of Toronto-Dominion Bank in the 4th quarter worth $38,332,000. Institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Trading Up 0.9 %

Shares of TD stock opened at $63.30 on Wednesday. The company has a market cap of $109.87 billion, a PE ratio of 18.24, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. 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’s 50 day simple moving average is $59.55 and its two-hundred day simple moving average is $57.13. The Toronto-Dominion Bank has a 1 year low of $51.25 and a 1 year high of $64.91.

Toronto-Dominion Bank Cuts Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 85.59%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on TD shares. Bank of America raised shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. StockNews.com downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Monday, February 24th. Finally, Jefferies Financial Group lowered Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average 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.