The Toronto-Dominion Bank (NYSE:TD) Shares Acquired by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. increased its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 22.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,144 shares of the bank’s stock after acquiring an additional 1,650 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in Toronto-Dominion Bank were worth $487,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Asahi Life Asset Management CO. LTD. acquired a new stake in shares of Toronto-Dominion Bank during the fourth quarter worth $416,000. Cerity Partners LLC lifted its position in Toronto-Dominion Bank by 57.1% during the third quarter. Cerity Partners LLC now owns 26,755 shares of the bank’s stock worth $1,693,000 after buying an additional 9,725 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Toronto-Dominion Bank by 61.1% in 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 buying an additional 2,279,864 shares during the last quarter. FMR LLC grew its holdings in Toronto-Dominion Bank by 9.9% in the 3rd quarter. FMR LLC now owns 6,553,761 shares of the bank’s stock valued at $414,417,000 after buying an additional 587,947 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Toronto-Dominion Bank by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 74,118,551 shares of the bank’s stock valued at $3,946,072,000 after acquiring an additional 1,415,934 shares during the last quarter. 52.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TD has been the topic of several research analyst reports. Royal Bank of Canada decreased their target price on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating on the stock in a research report on Friday, December 6th. Jefferies Financial Group cut shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. StockNews.com lowered Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Monday, February 24th. Scotiabank downgraded Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, December 6th. Finally, BMO Capital Markets upgraded Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. Two analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Toronto-Dominion Bank has a consensus rating of “Hold” and a consensus target price of $80.50.

Toronto-Dominion Bank Stock Up 0.3 %

Shares of NYSE TD opened at $61.15 on Thursday. The stock has a fifty day moving average price of $58.82 and a 200 day moving average price of $57.65. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11. 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 cap of $107.15 billion, a P/E ratio of 17.62, a P/E/G ratio of 1.95 and a beta of 0.83.

Toronto-Dominion Bank Cuts Dividend

The business also recently announced 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. 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 4.76%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 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.