Rhumbline Advisers Purchases 357 Shares of The Toronto-Dominion Bank (NYSE:TD)

Rhumbline Advisers boosted its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 1.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,096 shares of the bank’s stock after acquiring an additional 357 shares during the period. Rhumbline Advisers’ holdings in Toronto-Dominion Bank were worth $1,070,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TD. Dunhill Financial LLC grew its holdings in Toronto-Dominion Bank by 164.9% during the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock valued at $25,000 after buying an additional 249 shares in the last quarter. Versant Capital Management Inc grew its holdings in 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. Union Bancaire Privee UBP SA purchased a new stake in Toronto-Dominion Bank during the 4th quarter valued at approximately $58,000. Morse Asset Management Inc purchased a new stake in Toronto-Dominion Bank during the 3rd quarter valued at approximately $63,000. Finally, Asset Planning Inc purchased a new stake in Toronto-Dominion Bank during the 4th quarter valued at approximately $104,000. Institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Trading Up 1.2 %

TD stock opened at $59.30 on Thursday. The firm has a fifty day moving average price of $57.15 and a 200 day moving average price of $57.66. The Toronto-Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $64.91. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market cap of $103.90 billion, a PE ratio of 17.09, a price-to-earnings-growth ratio of 1.95 and a beta of 0.84.

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 dividend of $0.7278 per share. This represents a $2.91 annualized dividend and a yield of 4.91%. The ex-dividend date of this dividend is Thursday, April 10th. Toronto-Dominion Bank’s payout ratio is 84.71%.

Analyst Upgrades and Downgrades

TD has been the subject of a number of research analyst reports. Royal Bank of Canada cut their price objective on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating for the company in a report on Friday, December 6th. BMO Capital Markets raised shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. Desjardins lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, February 18th. Finally, Scotiabank lowered shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a 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 issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $80.50.

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.