The Toronto-Dominion Bank (NYSE:TD) Stock Position Raised by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 3.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 712,379 shares of the bank’s stock after buying an additional 25,828 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Toronto-Dominion Bank were worth $37,907,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of TD. Dunhill Financial LLC grew its position in shares of Toronto-Dominion Bank by 164.9% during 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 last quarter. Bank of Jackson Hole Trust bought a new stake in shares of Toronto-Dominion Bank during the 4th quarter valued at about $32,000. Versant Capital Management Inc grew its position in shares of Toronto-Dominion Bank by 40.0% during 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 last quarter. SBI Securities Co. Ltd. acquired a new position in Toronto-Dominion Bank during the 4th quarter valued at about $51,000. Finally, Union Bancaire Privee UBP SA acquired a new position in Toronto-Dominion Bank in the 4th quarter worth approximately $58,000. Institutional investors own 52.37% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on TD shares. Bank of America raised shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. StockNews.com downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Monday, February 24th. Scotiabank downgraded shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday, December 6th. 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. Finally, Barclays lowered shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $80.50.

Toronto-Dominion Bank Trading Down 1.2 %

Shares of TD stock opened at $58.85 on Tuesday. The Toronto-Dominion Bank has a 12-month low of $51.25 and a 12-month high of $64.91. The company has a market capitalization of $103.11 billion, a P/E ratio of 16.96, a P/E/G ratio of 1.95 and a beta of 0.83. The firm has a 50-day moving average price of $57.53 and a 200 day moving average price of $57.64. 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be issued a dividend of $0.7278 per share. This represents a $2.91 annualized dividend and a yield of 4.95%. The ex-dividend date of this dividend is Thursday, April 10th. Toronto-Dominion Bank’s dividend payout ratio is currently 85.29%.

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.