Regal Investment Advisors LLC acquired a new position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) during the fourth quarter, Holdings Channel reports. The fund acquired 3,871 shares of the bank’s stock, valued at approximately $227,000.
Several other institutional investors and hedge funds also recently modified their holdings of TD. CIBC Asset Management Inc lifted its stake in shares of Toronto Dominion Bank by 32.0% during the fourth quarter. CIBC Asset Management Inc now owns 15,197,616 shares of the bank’s stock worth $894,188,000 after purchasing an additional 3,687,174 shares in the last quarter. Picton Mahoney Asset Management acquired a new position in shares of Toronto Dominion Bank during the fourth quarter worth about $259,976,000. DSM Capital Partners LLC acquired a new position in shares of Toronto Dominion Bank during the third quarter worth about $103,030,000. Great West Life Assurance Co. Can lifted its stake in shares of Toronto Dominion Bank by 9.0% during the third quarter. Great West Life Assurance Co. Can now owns 18,089,766 shares of the bank’s stock worth $1,016,362,000 after purchasing an additional 1,496,114 shares in the last quarter. Finally, Schroder Investment Management Group lifted its stake in shares of Toronto Dominion Bank by 18.9% in the third quarter. Schroder Investment Management Group now owns 7,909,119 shares of the bank’s stock worth $555,292,000 after acquiring an additional 1,256,500 shares in the last quarter. Institutional investors own 48.59% of the company’s stock.
Toronto Dominion Bank (TD) opened at $56.22 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.18. Toronto Dominion Bank has a one year low of $45.18 and a one year high of $61.06. The company has a market capitalization of $103,786.34, a PE ratio of 13.32, a P/E/G ratio of 1.24 and a beta of 0.92.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Wednesday, January 10th were issued a $0.466 dividend. This represents a $1.86 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend was Tuesday, January 9th. Toronto Dominion Bank’s dividend payout ratio is currently 46.32%.
Several research firms recently commented on TD. Zacks Investment Research upgraded Toronto Dominion Bank from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research note on Friday, February 2nd. CIBC upgraded Toronto Dominion Bank from a “neutral” rating to an “outperform” rating in a research note on Thursday, February 1st. Canaccord Genuity reiterated a “buy” rating and issued a $80.00 price target on shares of Toronto Dominion Bank in a research note on Thursday, November 30th. Bank of America boosted their price target on Toronto Dominion Bank from $71.00 to $87.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Finally, Scotiabank reiterated a “buy” rating and issued a $83.00 price target on shares of Toronto Dominion Bank in a research note on Wednesday, November 22nd. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $77.60.
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About Toronto Dominion Bank
Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.
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