Geode Capital Management LLC Has $569.88 Million Stock Position in The Toronto-Dominion Bank (NYSE:TD)

Geode Capital Management LLC increased its stake in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 32.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,526,821 shares of the bank’s stock after buying an additional 2,564,648 shares during the quarter. Geode Capital Management LLC owned approximately 0.60% of Toronto-Dominion Bank worth $569,878,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TD. Verition Fund Management LLC raised its holdings in Toronto-Dominion Bank by 22.9% in the 3rd quarter. Verition Fund Management LLC now owns 7,661 shares of the bank’s stock valued at $485,000 after acquiring an additional 1,429 shares during the period. Edgestream Partners L.P. acquired a new position in shares of Toronto-Dominion Bank in the third quarter valued at approximately $230,000. Benjamin Edwards Inc. bought a new position in shares of Toronto-Dominion Bank during the third quarter worth approximately $387,000. Morse Asset Management Inc acquired a new stake in Toronto-Dominion Bank during the 3rd quarter worth approximately $63,000. Finally, Polar Asset Management Partners Inc. bought a new stake in Toronto-Dominion Bank in the 3rd quarter valued at $1,897,000. 52.37% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Bank of America raised shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research report on Friday, January 17th. StockNews.com cut shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Monday, February 24th. BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 19th. Desjardins downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Finally, Scotiabank cut Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $80.50.

Toronto-Dominion Bank Trading Down 2.1 %

Shares of TD stock opened at $58.67 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 stock’s fifty day moving average price is $59.17 and its two-hundred day moving average price is $57.60. 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 company has a market cap of $102.82 billion, a PE ratio of 16.91, a P/E/G ratio of 1.95 and a beta of 0.83.

Toronto-Dominion Bank Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be paid a $0.7278 dividend. 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 4.96%. Toronto-Dominion Bank’s payout ratio is currently 85.29%.

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.