Rhumbline Advisers Boosts Holdings in The Toronto-Dominion Bank (NYSE:TD)

Rhumbline Advisers boosted its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 1.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 20,096 shares of the bank’s stock after buying an additional 357 shares during the quarter. Rhumbline Advisers’ holdings in Toronto-Dominion Bank were worth $1,070,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Dunhill Financial LLC lifted its position in shares of Toronto-Dominion Bank by 164.9% during the third quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock worth $25,000 after purchasing an additional 249 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Toronto-Dominion Bank by 40.0% during the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock worth $37,000 after purchasing an additional 200 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Toronto-Dominion Bank during the fourth quarter worth $58,000. Morse Asset Management Inc bought a new stake in shares of Toronto-Dominion Bank during the third quarter worth $63,000. Finally, Asset Planning Inc bought a new stake in shares of Toronto-Dominion Bank during the fourth quarter worth $104,000. 52.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. StockNews.com downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Monday, February 24th. Bank of America upgraded Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research report on Friday, January 17th. Scotiabank downgraded Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, December 6th. Desjardins downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Finally, Royal Bank of Canada decreased their price objective on Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating for the company in a report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $80.50.

Toronto-Dominion Bank Stock Performance

TD stock opened at $59.30 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03. The business has a 50-day moving average price of $57.15 and a 200 day moving average price of $57.66. The company has a market capitalization of $103.90 billion, a P/E ratio of 17.09, a PEG 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 Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be issued a $0.7278 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.91 dividend on an annualized basis and a yield of 4.91%. Toronto-Dominion Bank’s dividend payout ratio is presently 84.71%.

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.