Bank of Jackson Hole Trust Invests $32,000 in The Toronto-Dominion Bank (NYSE:TD)

Bank of Jackson Hole Trust bought a new position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 605 shares of the bank’s stock, valued at approximately $32,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dunhill Financial LLC increased its stake 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 acquiring an additional 249 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of Toronto-Dominion Bank by 40.0% in the 4th quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock worth $37,000 after acquiring an additional 200 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of Toronto-Dominion Bank in the 4th quarter worth about $58,000. Morse Asset Management Inc bought a new position in shares of Toronto-Dominion Bank in the 3rd quarter worth about $63,000. Finally, Eastern Bank bought a new position in shares of Toronto-Dominion Bank in the 3rd quarter worth about $66,000. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Stock Performance

Shares of TD stock opened at $60.38 on Friday. 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 50 day moving average price of $55.91 and a 200-day moving average price of $57.51. The Toronto-Dominion Bank has a 52 week low of $51.25 and a 52 week high of $64.91. The firm has a market capitalization of $105.68 billion, a PE ratio of 17.40, a P/E/G ratio of 1.94 and a beta of 0.84.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were issued a dividend of $0.7482 per share. This represents a $2.99 annualized dividend and a dividend yield of 4.96%. 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 payout ratio is presently 84.15%.

Analyst Ratings Changes

Several brokerages recently issued reports on TD. Royal Bank of Canada decreased their price target on shares of 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. StockNews.com upgraded shares of Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Barclays lowered shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Desjardins lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.