AlphaMark Advisors LLC Takes Position in The Toronto-Dominion Bank (NYSE:TD)

AlphaMark Advisors LLC purchased a new position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,100 shares of the bank’s stock, valued at approximately $378,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Dunhill Financial LLC increased its position in shares of Toronto-Dominion Bank by 164.9% in the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock worth $25,000 after purchasing an additional 249 shares during the last quarter. Versant Capital Management Inc grew its stake in Toronto-Dominion Bank by 40.0% in the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock worth $37,000 after purchasing an additional 200 shares in the last quarter. Kimelman & Baird LLC bought a new stake in Toronto-Dominion Bank in the second quarter valued at about $49,000. Morse Asset Management Inc acquired a new stake in Toronto-Dominion Bank during the third quarter valued at approximately $63,000. Finally, Eastern Bank acquired a new stake in Toronto-Dominion Bank during the third quarter valued at approximately $66,000. 52.37% of the stock is owned by institutional investors and hedge funds.

Toronto-Dominion Bank Trading Up 0.2 %

Shares of NYSE:TD opened at $57.27 on Friday. 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 quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11. The company has a market cap of $100.25 billion, a PE ratio of 16.50, a P/E/G ratio of 1.82 and a beta of 0.83. The company’s 50-day moving average price is $54.57 and its 200 day moving average price is $57.37.

Toronto-Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be given a dividend of $0.7482 per share. The ex-dividend date is Friday, January 10th. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. This represents a $2.99 annualized dividend and a dividend yield of 5.23%. Toronto-Dominion Bank’s payout ratio is currently 84.15%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TD. Scotiabank downgraded Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” 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 research note on Thursday, December 19th. StockNews.com downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Friday, December 27th. Jefferies Financial Group raised shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Finally, Royal Bank of Canada cut their target price on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating on the stock in a report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Toronto-Dominion Bank has an average rating of “Hold” and a consensus price target 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.