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

Guardian Capital LP lifted its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 844,922 shares of the bank’s stock after acquiring an additional 14,391 shares during the quarter. Toronto-Dominion Bank makes up approximately 1.7% of Guardian Capital LP’s holdings, 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.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Toronto-Dominion Bank by 1.9% in the 4th 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 during the period. FIL Ltd grew its holdings in Toronto-Dominion Bank by 17.3% during the 4th quarter. FIL Ltd now owns 38,989,749 shares of the bank’s stock worth $2,075,819,000 after acquiring an additional 5,756,584 shares in the last quarter. Norges Bank bought a new stake in shares of Toronto-Dominion Bank in the 4th quarter valued at about $992,204,000. Beutel Goodman & Co Ltd. boosted its stake in shares of Toronto-Dominion Bank by 3.8% during 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 in the last quarter. Finally, CIBC Asset Management Inc increased its holdings in Toronto-Dominion Bank by 0.4% during the fourth quarter. CIBC Asset Management Inc now owns 16,575,599 shares of the bank’s stock valued at $882,241,000 after buying an additional 59,956 shares during the period. Institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Up 0.9 %

NYSE:TD opened at $63.30 on Wednesday. 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 Toronto-Dominion Bank has a twelve month low of $51.25 and a twelve month high of $64.91. The company has a market cap of $109.87 billion, a PE ratio of 18.24, a P/E/G ratio of 1.95 and a beta of 0.73. The company’s 50 day moving average is $59.55 and its two-hundred day moving average is $57.13.

Toronto-Dominion Bank Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be given a $0.7278 dividend. This represents a $2.91 annualized dividend and a dividend yield of 4.60%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank’s payout ratio is 85.59%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. StockNews.com cut Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Monday, February 24th. Jefferies Financial Group lowered 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 shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. Two equities 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. Based on data from MarketBeat.com, Toronto-Dominion Bank has a consensus rating of “Hold” and an average target price of $80.50.

About Toronto-Dominion Bank

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.