Blue Trust Inc. Acquires 250 Shares of The Toronto-Dominion Bank (NYSE:TD)

Blue Trust Inc. raised its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 9.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,987 shares of the bank’s stock after acquiring an additional 250 shares during the period. Blue Trust Inc.’s holdings in Toronto-Dominion Bank were worth $159,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TD. Dunhill Financial LLC increased its position in Toronto-Dominion Bank by 164.9% during the third quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock valued at $25,000 after acquiring an additional 249 shares during the last quarter. Versant Capital Management Inc grew its position in shares of 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 acquiring an additional 200 shares during the period. Morse Asset Management Inc purchased a new stake in shares of Toronto-Dominion Bank in the 3rd quarter worth $63,000. Eastern Bank purchased a new stake in shares of Toronto-Dominion Bank in the 3rd quarter worth $66,000. Finally, Hexagon Capital Partners LLC raised its holdings in Toronto-Dominion Bank by 18.5% in the 3rd 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. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Performance

Shares of NYSE:TD opened at $57.47 on Thursday. 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 $100.59 billion, a PE ratio of 16.56, a price-to-earnings-growth ratio of 1.82 and a beta of 0.84. The firm’s 50 day simple moving average is $54.75 and its 200-day simple moving average is $57.38. The Toronto-Dominion Bank has a one year low of $51.25 and a one year high of $64.91.

Toronto-Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were issued a $0.7482 dividend. This represents a $2.99 annualized dividend and a dividend yield of 5.21%. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend was Friday, January 10th. Toronto-Dominion Bank’s dividend payout ratio is currently 84.15%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TD. Royal Bank of Canada cut their price objective 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. Bank of America upgraded shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research report on Friday, January 17th. Barclays cut shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. StockNews.com raised shares of Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Desjardins cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Toronto-Dominion Bank has an average rating of “Hold” and a consensus target price of $80.50.

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.