D.A. Davidson & CO. Has $748,000 Holdings in The Toronto-Dominion Bank (NYSE:TD)

D.A. Davidson & CO. increased its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 18.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,052 shares of the bank’s stock after acquiring an additional 2,148 shares during the quarter. D.A. Davidson & CO.’s holdings in Toronto-Dominion Bank were worth $748,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Dunhill Financial LLC increased its stake in Toronto-Dominion Bank by 164.9% in the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock valued at $25,000 after buying an additional 249 shares during the period. Versant Capital Management Inc increased its stake in Toronto-Dominion Bank by 40.0% in the 4th quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock valued at $37,000 after buying an additional 200 shares during the period. Union Bancaire Privee UBP SA acquired a new position in Toronto-Dominion Bank in the 4th quarter valued at approximately $58,000. Morse Asset Management Inc acquired a new position in Toronto-Dominion Bank in the 3rd quarter valued at approximately $63,000. Finally, Asset Planning Inc acquired a new position in Toronto-Dominion Bank in the 4th quarter valued at approximately $104,000. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto-Dominion Bank Price Performance

NYSE TD opened at $59.38 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 fifty day simple moving average of $56.16 and a 200 day simple moving average of $57.58. The company has a market cap of $103.93 billion, a P/E ratio of 17.11, a P/E/G ratio of 1.95 and a beta of 0.84. The Toronto-Dominion Bank has a 1 year low of $51.25 and a 1 year high of $64.91.

Toronto-Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 10th were issued a dividend of $0.7482 per share. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. This represents a $2.99 annualized dividend and a dividend yield of 5.04%. The ex-dividend date was Friday, January 10th. Toronto-Dominion Bank’s dividend payout ratio is currently 84.15%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TD. Desjardins lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. StockNews.com downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Monday. Barclays downgraded shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research report on Thursday, November 21st. Scotiabank downgraded shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, December 6th. Finally, Jefferies Financial Group downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Toronto-Dominion Bank presently has a consensus rating of “Hold” and an average target price 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.