QS Investors LLC increased its position in shares of Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 13.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,600 shares of the bank’s stock after purchasing an additional 16,856 shares during the period. QS Investors LLC’s holdings in Toronto-Dominion Bank were worth $8,054,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the company. Schroder Investment Management Group increased its holdings in Toronto-Dominion Bank by 2.9% in the 4th quarter. Schroder Investment Management Group now owns 8,137,668 shares of the bank’s stock valued at $599,332,000 after acquiring an additional 228,549 shares during the last quarter. Capital International Investors boosted its position in Toronto-Dominion Bank by 8.6% in the 3rd quarter. Capital International Investors now owns 5,708,400 shares of the bank’s stock valued at $321,212,000 after buying an additional 450,000 shares during the period. Picton Mahoney Asset Management purchased a new stake in Toronto-Dominion Bank in the 4th quarter valued at about $259,976,000. Welch & Forbes LLC boosted its position in Toronto-Dominion Bank by 2.0% in the 4th quarter. Welch & Forbes LLC now owns 383,305 shares of the bank’s stock valued at $22,454,000 after buying an additional 7,574 shares during the period. Finally, Eqis Capital Management Inc. boosted its position in Toronto-Dominion Bank by 9.2% in the 4th quarter. Eqis Capital Management Inc. now owns 33,909 shares of the bank’s stock valued at $1,986,000 after buying an additional 2,852 shares during the period. Hedge funds and other institutional investors own 49.78% of the company’s stock.
Toronto-Dominion Bank (NYSE TD) opened at $59.20 on Monday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.93 and a current ratio of 0.93. Toronto-Dominion Bank has a 52 week low of $45.18 and a 52 week high of $61.06. The stock has a market cap of $109,234.37, a P/E ratio of 13.27, a price-to-earnings-growth ratio of 1.17 and a beta of 0.93.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Tuesday, April 10th will be paid a dividend of $0.522 per share. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Monday, April 9th. This represents a $2.09 dividend on an annualized basis and a yield of 3.53%. Toronto-Dominion Bank’s dividend payout ratio is presently 46.43%.
Several brokerages have recently weighed in on TD. Desjardins raised shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd. Zacks Investment Research raised shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating and set a $66.00 price target for the company in a research report on Wednesday, February 28th. CIBC raised shares of Toronto-Dominion Bank from a “neutral” rating to an “outperform” rating in a research report on Thursday, February 1st. Finally, Bank of America upped their price target on shares of Toronto-Dominion Bank from $71.00 to $87.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $77.20.
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Toronto-Dominion Bank Company Profile
Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.
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