The Toronto-Dominion Bank (NYSE:TD) Shares Acquired by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC increased its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 300.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,238 shares of the bank’s stock after acquiring an additional 9,183 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Toronto-Dominion Bank were worth $663,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Dunhill Financial LLC raised its holdings in shares of Toronto-Dominion Bank by 164.9% in the third 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. Lee Danner & Bass Inc. purchased a new stake in Toronto-Dominion Bank during the 4th quarter valued at approximately $27,000. Bank of Jackson Hole Trust acquired a new stake in Toronto-Dominion Bank during the 4th quarter worth approximately $32,000. Versant Capital Management Inc grew 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 valued at $37,000 after purchasing an additional 200 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new position in shares of Toronto-Dominion Bank in the fourth quarter valued at approximately $39,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Price Performance

TD stock opened at $57.10 on Friday. The stock has a 50-day moving average price of $59.17 and a two-hundred day moving average price of $57.56. The company has a market cap of $100.06 billion, a PE ratio of 16.46, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. 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 Toronto-Dominion Bank has a 12-month low of $51.25 and a 12-month high of $64.91.

Toronto-Dominion Bank Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be issued a $0.7278 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.91 annualized dividend and a yield of 5.10%. Toronto-Dominion Bank’s payout ratio is 85.29%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TD. Jefferies Financial Group downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Scotiabank downgraded shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, December 6th. Desjardins cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Royal Bank of Canada reduced their price target on Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating for the company in a report on Friday, December 6th. Finally, Bank of America raised Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average 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.