PBU The Pension Fund of Early Childhood & Youth Educators purchased a new stake in shares of Toronto Dominion Bank (The) (NYSE:TD – Free Report) (TSE:TD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 167,004 shares of the bank’s stock, valued at approximately $15,760,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Main Line Retirement Advisors LLC boosted its holdings in Toronto Dominion Bank by 0.9% in the fourth quarter. Main Line Retirement Advisors LLC now owns 12,152 shares of the bank’s stock worth $1,145,000 after purchasing an additional 109 shares during the last quarter. Rosenberg Matthew Hamilton boosted its holdings in Toronto Dominion Bank by 8.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 1,489 shares of the bank’s stock worth $140,000 after purchasing an additional 118 shares during the last quarter. Richardson Financial Services Inc. boosted its holdings in Toronto Dominion Bank by 12.4% in the fourth quarter. Richardson Financial Services Inc. now owns 1,104 shares of the bank’s stock worth $104,000 after purchasing an additional 122 shares during the last quarter. Commons Capital LLC boosted its holdings in Toronto Dominion Bank by 0.7% in the third quarter. Commons Capital LLC now owns 18,251 shares of the bank’s stock worth $1,459,000 after purchasing an additional 134 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its holdings in Toronto Dominion Bank by 4.8% in the third quarter. CIBC Private Wealth Group LLC now owns 2,912 shares of the bank’s stock worth $233,000 after purchasing an additional 134 shares during the last quarter. Institutional investors own 52.37% of the company’s stock.
Toronto Dominion Bank Stock Down 0.4%
TD opened at $113.26 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a 1-year low of $69.86 and a 1-year high of $114.56. The company has a market capitalization of $187.15 billion, a PE ratio of 17.67, a PEG ratio of 1.26 and a beta of 0.72. The firm’s 50 day simple moving average is $105.17 and its two-hundred day simple moving average is $97.14.
Toronto Dominion Bank Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 10th will be given a $1.12 dividend. The ex-dividend date is Friday, July 10th. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.08. This represents a $4.48 annualized dividend and a yield of 4.0%. Toronto Dominion Bank’s payout ratio is 48.52%.
Analyst Upgrades and Downgrades
TD has been the topic of several research reports. Canadian Imperial Bank of Commerce cut shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Weiss Ratings cut shares of Toronto Dominion Bank from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, May 29th. Zacks Research cut shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Wall Street Zen cut shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Finally, Royal Bank Of Canada raised their target price on shares of Toronto Dominion Bank from $138.00 to $156.00 and gave the stock an “outperform” rating in a report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $156.00.
Get Our Latest Stock Report on Toronto Dominion Bank
About Toronto Dominion Bank
Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.
TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.
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