The Toronto-Dominion Bank (NYSE:TD) Shares Purchased by Capital Analysts LLC

Capital Analysts LLC increased its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 15.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,380 shares of the bank’s stock after buying an additional 318 shares during the quarter. Capital Analysts LLC’s holdings in Toronto-Dominion Bank were worth $127,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Toronto-Dominion Bank by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 74,118,551 shares of the bank’s stock worth $3,946,072,000 after buying an additional 1,415,934 shares in the last quarter. FIL Ltd lifted its position in Toronto-Dominion Bank by 17.3% during the fourth quarter. FIL Ltd now owns 38,989,749 shares of the bank’s stock worth $2,075,819,000 after buying an additional 5,756,584 shares in the last quarter. Norges Bank purchased a new stake in Toronto-Dominion Bank in the fourth quarter valued at $992,204,000. Beutel Goodman & Co Ltd. raised its position in Toronto-Dominion Bank by 3.8% in the fourth quarter. Beutel Goodman & Co Ltd. now owns 16,803,807 shares of the bank’s stock valued at $894,169,000 after purchasing an additional 622,736 shares during the period. Finally, CIBC Asset Management Inc raised its position in Toronto-Dominion Bank by 0.4% in the fourth quarter. CIBC Asset Management Inc now owns 16,575,599 shares of the bank’s stock valued at $882,241,000 after purchasing an additional 59,956 shares during the period. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on TD. Bank of America upgraded Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research report on Friday, January 17th. StockNews.com downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Monday, February 24th. Finally, Jefferies Financial Group downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $80.50.

Toronto-Dominion Bank Price Performance

TD stock opened at $62.71 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $108.86 billion, a PE ratio of 18.07, a P/E/G ratio of 1.95 and a beta of 0.73. The Toronto-Dominion Bank has a 12-month low of $51.25 and a 12-month high of $64.91. The business’s fifty day moving average price is $59.49 and its 200 day moving average price is $57.09.

Toronto-Dominion Bank Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be issued a $0.7278 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.91 annualized dividend and a dividend yield of 4.64%. Toronto-Dominion Bank’s dividend payout ratio is presently 85.59%.

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.