Commonwealth Equity Services LLC Increases Holdings in The Toronto-Dominion Bank (NYSE:TD)

Commonwealth Equity Services LLC raised its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 103,822 shares of the bank’s stock after buying an additional 608 shares during the period. Commonwealth Equity Services LLC’s holdings in Toronto-Dominion Bank were worth $5,527,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of TD. CIBC Asset Management Inc raised its stake in shares of 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 acquiring an additional 59,956 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Toronto-Dominion Bank by 24.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 13,509,261 shares of the bank’s stock valued at $854,815,000 after purchasing an additional 2,689,532 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Toronto-Dominion Bank by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 7,962,173 shares of the bank’s stock worth $506,846,000 after buying an additional 479,624 shares during the period. FMR LLC grew its position in shares of Toronto-Dominion Bank by 9.9% in the 3rd quarter. FMR LLC now owns 6,553,761 shares of the bank’s stock worth $414,417,000 after buying an additional 587,947 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Toronto-Dominion Bank by 61.1% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,011,579 shares of the bank’s stock valued at $380,118,000 after buying an additional 2,279,864 shares during the period. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Trading Down 0.7 %

NYSE:TD opened at $59.50 on Friday. The Toronto-Dominion Bank has a 52 week low of $51.25 and a 52 week high of $64.91. The stock has a market cap of $104.25 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 1.95 and a beta of 0.83. The company’s 50 day moving average price is $58.46 and its 200-day moving average price is $57.63. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11.

Toronto-Dominion Bank Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be paid a $0.7278 dividend. This represents a $2.91 annualized dividend and a dividend yield of 4.89%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank’s dividend payout ratio is currently 85.29%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TD. Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Bank of America raised shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research report on Friday, January 17th. StockNews.com cut shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Monday, February 24th. Scotiabank cut shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday, December 6th. Finally, BMO Capital Markets raised shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 19th. Two research analysts have rated the stock with a sell rating, six have given 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 an average rating of “Hold” and a consensus price target 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.