Principal Financial Group Inc. Has $2.65 Million Holdings in The Toronto-Dominion Bank (NYSE:TD)

Principal Financial Group Inc. decreased its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 4.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 41,900 shares of the bank’s stock after selling 1,900 shares during the quarter. Principal Financial Group Inc.’s holdings in Toronto-Dominion Bank were worth $2,652,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dunhill Financial LLC raised its position in shares of Toronto-Dominion Bank by 164.9% during the third quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock worth $25,000 after purchasing an additional 249 shares during the period. Kimelman & Baird LLC bought a new stake in shares of Toronto-Dominion Bank in the 2nd quarter valued at about $49,000. Morse Asset Management Inc acquired a new position in shares of Toronto-Dominion Bank during the 3rd quarter worth approximately $63,000. Eastern Bank acquired a new stake in shares of Toronto-Dominion Bank during the 3rd quarter worth about $66,000. Finally, Hexagon Capital Partners LLC increased its stake in shares of Toronto-Dominion Bank by 18.5% during the third quarter. Hexagon Capital Partners LLC now owns 1,337 shares of the bank’s stock worth $85,000 after purchasing an additional 209 shares during the period. 52.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on TD shares. Desjardins lowered Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a 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 report on Thursday, December 19th. StockNews.com lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Friday, December 27th. Jefferies Financial Group raised Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Finally, Barclays downgraded Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. Two analysts have rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Toronto-Dominion Bank has a consensus rating of “Hold” and an average price target of $80.50.

Toronto-Dominion Bank Stock Up 1.3 %

NYSE TD opened at $53.81 on Friday. The business’s 50-day moving average is $54.72 and its 200 day moving average is $57.29. The Toronto-Dominion Bank has a 1 year low of $51.25 and a 1 year high of $65.12. The stock has a market capitalization of $94.18 billion, a PE ratio of 15.51, a PEG ratio of 1.69 and a beta of 0.82. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.02.

Toronto-Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 10th will be issued a $0.7482 dividend. This represents a $2.99 dividend on an annualized basis and a yield of 5.56%. The ex-dividend date is Friday, January 10th. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. Toronto-Dominion Bank’s dividend payout ratio is 89.34%.

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.