JPMorgan Chase & Co. Purchases 236,037 Shares of The Toronto-Dominion Bank (NYSE:TD)

JPMorgan Chase & Co. lifted its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 3.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,213,418 shares of the bank’s stock after purchasing an additional 236,037 shares during the period. JPMorgan Chase & Co. owned about 0.41% of Toronto-Dominion Bank worth $384,042,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Dunhill Financial LLC raised its position in Toronto-Dominion Bank by 164.9% in the third quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock worth $25,000 after acquiring an additional 249 shares during the period. Lee Danner & Bass Inc. bought a new position in Toronto-Dominion Bank in the 4th quarter worth $27,000. Bank of Jackson Hole Trust purchased a new position in Toronto-Dominion Bank during the fourth quarter valued at $32,000. Versant Capital Management Inc increased its position in Toronto-Dominion Bank by 40.0% in the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock worth $37,000 after buying an additional 200 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in Toronto-Dominion Bank in the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Trading Down 1.1 %

Shares of Toronto-Dominion Bank stock opened at $60.31 on Friday. The Toronto-Dominion Bank has a twelve month low of $51.25 and a twelve month high of $64.91. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11. The business has a 50-day moving average price of $58.99 and a 200-day moving average price of $57.64. The firm has a market cap of $105.67 billion, a price-to-earnings ratio of 17.38, a PEG ratio of 1.95 and a beta of 0.83.

Toronto-Dominion Bank Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be paid a $0.7278 dividend. This represents a $2.91 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date of this dividend is Thursday, April 10th. Toronto-Dominion Bank’s payout ratio is 85.29%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Jefferies Financial Group downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Desjardins lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 19th. Royal Bank of Canada cut their price target on 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. Finally, StockNews.com downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $80.50.

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.