Investors Research Corp Grows Position in The Toronto-Dominion Bank (NYSE:TD)

Investors Research Corp raised its stake in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 489.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,042 shares of the bank’s stock after buying an additional 17,475 shares during the period. Investors Research Corp’s holdings in Toronto-Dominion Bank were worth $1,120,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its stake in Toronto-Dominion Bank by 24.9% in the third quarter. The Manufacturers Life Insurance Company now owns 13,509,261 shares of the bank’s stock valued at $854,815,000 after acquiring an additional 2,689,532 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Toronto-Dominion Bank by 61.1% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,011,579 shares of the bank’s stock valued at $380,118,000 after buying an additional 2,279,864 shares during the last quarter. Quadrature Capital Ltd raised its stake in shares of Toronto-Dominion Bank by 175.5% during the 3rd quarter. Quadrature Capital Ltd now owns 2,467,300 shares of the bank’s stock valued at $156,202,000 after buying an additional 1,571,700 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Toronto-Dominion Bank by 64.6% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,273,520 shares of the bank’s stock valued at $143,922,000 after buying an additional 892,183 shares during the last quarter. Finally, CIBC Asset Management Inc raised its stake in shares of Toronto-Dominion Bank by 5.4% during the 3rd quarter. CIBC Asset Management Inc now owns 16,515,643 shares of the bank’s stock valued at $1,046,825,000 after buying an additional 853,313 shares during the last quarter. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Stock Performance

Toronto-Dominion Bank stock opened at $59.58 on Monday. The firm’s fifty day moving average price is $57.41 and its 200 day moving average price is $57.64. The company has a market capitalization of $104.40 billion, a price-to-earnings ratio of 17.17, a price-to-earnings-growth ratio of 1.95 and a beta of 0.83. The Toronto-Dominion Bank has a 12-month low of $51.25 and a 12-month high of $64.91. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03.

Toronto-Dominion Bank Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.7278 per share. This represents a $2.91 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank’s payout ratio is 85.29%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Desjardins lowered Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Jefferies Financial Group cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, February 18th. BMO Capital Markets raised Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 19th. Royal Bank of Canada cut their target price on Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating on the stock in a research report on Friday, December 6th. Finally, Barclays lowered Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research report on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus 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.