Forge First Asset Management Inc. Acquires Shares of 127,100 The Toronto-Dominion Bank (NYSE:TD)

Forge First Asset Management Inc. purchased a new position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) in the 4th quarter, Holdings Channel reports. The firm purchased 127,100 shares of the bank’s stock, valued at approximately $6,761,000. Toronto-Dominion Bank accounts for about 2.4% of Forge First Asset Management Inc.’s portfolio, making the stock its 14th largest position.

Other hedge funds also recently bought and sold shares of the company. Asahi Life Asset Management CO. LTD. bought a new stake in shares of Toronto-Dominion Bank in the 4th quarter valued at approximately $416,000. Cerity Partners LLC boosted its position in shares of Toronto-Dominion Bank by 57.1% in the 3rd quarter. Cerity Partners LLC now owns 26,755 shares of the bank’s stock worth $1,693,000 after purchasing an additional 9,725 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Toronto-Dominion Bank by 1.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,761,308 shares of the bank’s stock worth $617,166,000 after purchasing an additional 144,427 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in Toronto-Dominion Bank by 61.1% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,011,579 shares of the bank’s stock worth $380,118,000 after acquiring an additional 2,279,864 shares during the period. Finally, FMR LLC lifted its position in Toronto-Dominion Bank by 9.9% during the 3rd quarter. FMR LLC now owns 6,553,761 shares of the bank’s stock worth $414,417,000 after acquiring an additional 587,947 shares during the period. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TD. Bank of America upgraded Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. Royal Bank of Canada lowered their target price on Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating on the stock in a report on Friday, December 6th. Scotiabank cut Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday, December 6th. Barclays lowered Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research report on Thursday, November 21st. Finally, StockNews.com lowered Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Monday, February 24th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Toronto-Dominion Bank has an average rating of “Hold” and an average price target of $80.50.

Toronto-Dominion Bank Stock Down 1.7 %

Shares of NYSE:TD opened at $57.76 on Wednesday. The stock has a market cap of $101.20 billion, a price-to-earnings ratio of 16.64, a P/E/G ratio of 1.95 and a beta of 0.83. The company has a 50 day moving average of $57.62 and a 200-day moving average of $57.63. 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 Toronto-Dominion Bank has a one year low of $51.25 and a one year high of $64.91.

Toronto-Dominion Bank Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be paid a $0.7278 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.91 annualized dividend and a dividend yield of 5.04%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 85.29%.

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.