Hanson & Doremus Investment Management Buys 340 Shares of The Toronto-Dominion Bank (NYSE:TD)

Hanson & Doremus Investment Management increased its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 4.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,426 shares of the bank’s stock after acquiring an additional 340 shares during the quarter. Hanson & Doremus Investment Management’s holdings in Toronto-Dominion Bank were worth $395,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Point72 Asset Management L.P. bought a new position in Toronto-Dominion Bank during the 2nd quarter worth $1,637,000. Clearbridge Investments LLC increased its position in Toronto-Dominion Bank by 7.5% during the second quarter. Clearbridge Investments LLC now owns 3,065,894 shares of the bank’s stock worth $168,496,000 after acquiring an additional 213,557 shares during the period. Sanctuary Advisors LLC acquired a new stake in Toronto-Dominion Bank in the 2nd quarter worth about $1,408,000. Massmutual Trust Co. FSB ADV boosted its holdings in Toronto-Dominion Bank by 17.5% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,622 shares of the bank’s stock valued at $103,000 after purchasing an additional 242 shares during the period. Finally, Atomi Financial Group Inc. grew its position in shares of Toronto-Dominion Bank by 122.3% during the 3rd quarter. Atomi Financial Group Inc. now owns 14,757 shares of the bank’s stock worth $934,000 after purchasing an additional 8,118 shares in the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TD shares. 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 Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, December 6th. StockNews.com lowered Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Friday, December 27th. Jefferies Financial Group raised Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. 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 analysts have rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $80.50.

Toronto-Dominion Bank Price Performance

Toronto-Dominion Bank stock opened at $57.41 on Thursday. The stock has a fifty day moving average of $54.62 and a 200-day moving average of $57.41. The stock has a market capitalization of $100.49 billion, a P/E ratio of 16.54, a price-to-earnings-growth ratio of 1.82 and a beta of 0.83. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.03 and a current ratio of 1.03. The Toronto-Dominion Bank has a 52 week low of $51.25 and a 52 week high of $64.91.

Toronto-Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be issued a $0.7482 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $2.99 dividend on an annualized basis and a dividend yield of 5.21%. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. Toronto-Dominion Bank’s dividend payout ratio is 84.15%.

Toronto-Dominion Bank Company 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.