Acadian Asset Management LLC increased its stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 4.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 8,659,749 shares of the bank’s stock after acquiring an additional 350,373 shares during the period. Toronto Dominion Bank comprises 2.2% of Acadian Asset Management LLC’s holdings, making the stock its 4th largest position. Acadian Asset Management LLC’s holdings in Toronto Dominion Bank were worth $509,037,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in TD. Public Sector Pension investment Board grew its holdings in Toronto Dominion Bank by 1,745.0% in the second quarter. Public Sector Pension investment Board now owns 3,658,692 shares of the bank’s stock worth $184,104,000 after purchasing an additional 3,881,100 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Toronto Dominion Bank by 44.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 6,535,700 shares of the bank’s stock worth $329,248,000 after purchasing an additional 2,022,507 shares during the period. Vanguard Group Inc. grew its holdings in Toronto Dominion Bank by 5.1% in the second quarter. Vanguard Group Inc. now owns 41,532,070 shares of the bank’s stock worth $2,092,385,000 after purchasing an additional 2,014,823 shares during the period. DSM Capital Partners LLC purchased a new stake in Toronto Dominion Bank in the third quarter worth about $103,030,000. Finally, Capital International Investors grew its holdings in Toronto Dominion Bank by 45.9% in the second quarter. Capital International Investors now owns 5,258,400 shares of the bank’s stock worth $264,918,000 after purchasing an additional 1,654,000 shares during the period. 48.76% of the stock is owned by institutional investors.
Toronto Dominion Bank (TD) traded up $0.16 during trading hours on Thursday, hitting $59.16. 1,251,400 shares of the stock were exchanged, compared to its average volume of 1,120,782. Toronto Dominion Bank has a 1 year low of $45.18 and a 1 year high of $60.54. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $108,900.00, a PE ratio of 13.38, a price-to-earnings-growth ratio of 1.60 and a beta of 0.90.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 10th will be issued a dividend of $0.466 per share. This represents a $1.86 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date is Tuesday, January 9th. Toronto Dominion Bank’s payout ratio is 42.31%.
A number of equities research analysts have weighed in on TD shares. Canaccord Genuity restated a “buy” rating and issued a $80.00 price objective on shares of Toronto Dominion Bank in a report on Thursday, November 30th. Macquarie started coverage on shares of Toronto Dominion Bank in a report on Tuesday, October 24th. They issued an “outperform” rating on the stock. Zacks Investment Research cut shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 2nd. Finally, Scotiabank restated a “buy” rating and issued a $83.00 price objective on shares of Toronto Dominion Bank in a report on Wednesday, November 22nd. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $72.50.
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Toronto Dominion Bank Profile
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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