SBI Securities Co. Ltd. Acquires New Shares in The Toronto-Dominion Bank (NYSE:TD)

SBI Securities Co. Ltd. bought a new position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 965 shares of the bank’s stock, valued at approximately $51,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. CIBC Asset Management Inc raised its stake in shares of Toronto-Dominion Bank by 0.4% in the 4th quarter. CIBC Asset Management Inc now owns 16,575,599 shares of the bank’s stock valued at $882,241,000 after purchasing an additional 59,956 shares during the period. The Manufacturers Life Insurance Company raised its position in Toronto-Dominion Bank by 24.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 13,509,261 shares of the bank’s stock valued at $854,815,000 after buying an additional 2,689,532 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Toronto-Dominion Bank by 2.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 12,186,545 shares of the bank’s stock valued at $770,921,000 after buying an additional 301,649 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Toronto-Dominion Bank by 1.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,761,308 shares of the bank’s stock valued at $617,166,000 after acquiring an additional 144,427 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Toronto-Dominion Bank by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 7,962,173 shares of the bank’s stock worth $506,846,000 after acquiring an additional 479,624 shares during the last quarter. 52.37% of the stock is owned by institutional investors and hedge funds.

Toronto-Dominion Bank Stock Performance

NYSE:TD opened at $58.85 on Tuesday. 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 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 50 day simple moving average of $57.53 and a two-hundred day simple moving average of $57.64. The company has a market capitalization of $103.11 billion, a PE ratio of 16.96, 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. Investors of record on Thursday, April 10th will be given a dividend of $0.7278 per share. 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 4.95%. Toronto-Dominion Bank’s payout ratio is presently 85.29%.

Analyst Ratings Changes

TD has been the subject of several recent research reports. Desjardins cut shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Friday, December 6th. BMO Capital Markets upgraded Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. Barclays lowered Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. Royal Bank of Canada decreased 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, Bank of America upgraded Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Toronto-Dominion Bank has an average rating of “Hold” and an average target price 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.