Vanguard Group Inc. Buys 1,415,934 Shares of The Toronto-Dominion Bank (NYSE:TD)

Vanguard Group Inc. raised its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 1.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 74,118,551 shares of the bank’s stock after purchasing an additional 1,415,934 shares during the quarter. Vanguard Group Inc. owned 4.23% of Toronto-Dominion Bank worth $3,946,072,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Frank Rimerman Advisors LLC increased its stake in Toronto-Dominion Bank by 3.2% in the fourth quarter. Frank Rimerman Advisors LLC now owns 5,446 shares of the bank’s stock valued at $290,000 after acquiring an additional 171 shares during the last quarter. Pathstone Holdings LLC boosted its holdings in shares of Toronto-Dominion Bank by 0.8% in the 3rd quarter. Pathstone Holdings LLC now owns 22,309 shares of the bank’s stock worth $1,411,000 after purchasing an additional 184 shares in the last quarter. Passumpsic Savings Bank increased its position in shares of Toronto-Dominion Bank by 2.6% during the 3rd quarter. Passumpsic Savings Bank now owns 7,530 shares of the bank’s stock valued at $476,000 after purchasing an additional 194 shares during the last quarter. Versant Capital Management Inc raised its holdings 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 in the last quarter. Finally, Cardinal Capital Management lifted its position in Toronto-Dominion Bank by 0.5% in the 4th quarter. Cardinal Capital Management now owns 44,685 shares of the bank’s stock worth $2,379,000 after buying an additional 205 shares during the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on TD. StockNews.com downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Monday, February 24th. Royal Bank of Canada lowered their price target on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating for the company in a research note on Friday, December 6th. Bank of America raised Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. BMO Capital Markets raised Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 19th. Finally, Scotiabank lowered Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, December 6th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $80.50.

Toronto-Dominion Bank Stock Up 1.7 %

NYSE TD opened at $60.56 on Tuesday. The Toronto-Dominion Bank has a 1 year low of $51.25 and a 1 year high of $64.91. The stock has a market capitalization of $106.11 billion, a PE ratio of 17.45, a PEG ratio of 1.95 and a beta of 0.83. 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’s 50-day moving average is $58.58 and its 200 day moving average is $57.62.

Toronto-Dominion Bank Cuts Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.91 dividend on an annualized basis and a dividend yield of 4.81%. Toronto-Dominion Bank’s dividend payout ratio is presently 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.