Gold Investment Management Ltd. Acquires 1,878 Shares of The Toronto-Dominion Bank (NYSE:TD)

Gold Investment Management Ltd. grew its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 1.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 108,081 shares of the bank’s stock after buying an additional 1,878 shares during the period. Toronto-Dominion Bank accounts for approximately 2.4% of Gold Investment Management Ltd.’s portfolio, making the stock its 4th largest position. Gold Investment Management Ltd.’s holdings in Toronto-Dominion Bank were worth $5,753,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Dunhill Financial LLC grew its position in Toronto-Dominion Bank by 164.9% in the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock valued at $25,000 after buying an additional 249 shares during the last quarter. Bank of Jackson Hole Trust purchased a new stake in shares of Toronto-Dominion Bank in the fourth quarter valued at about $32,000. Versant Capital Management Inc boosted its holdings in shares of Toronto-Dominion Bank by 40.0% in the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock valued at $37,000 after acquiring an additional 200 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Toronto-Dominion Bank during the fourth quarter worth about $51,000. Finally, Union Bancaire Privee UBP SA purchased a new position in Toronto-Dominion Bank during the fourth quarter worth about $58,000. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Performance

NYSE:TD opened at $58.95 on Monday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $103.30 billion, a P/E ratio of 16.99, a price-to-earnings-growth ratio of 1.95 and a beta of 0.83. The firm has a 50-day moving average price of $57.92 and a two-hundred day moving average price of $57.61. The Toronto-Dominion Bank has a twelve month low of $51.25 and a twelve month high of $64.91.

Toronto-Dominion Bank Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be paid a dividend of $0.7278 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.91 dividend on an annualized basis and a dividend yield of 4.94%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 85.29%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on TD shares. Bank of America upgraded Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research report on Friday, January 17th. 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 report on Friday, December 6th. BMO Capital Markets raised Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. Barclays cut shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. Finally, Desjardins cut shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Toronto-Dominion Bank has a consensus rating of “Hold” and a consensus target price 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.