Ameriprise Financial Inc. cut its holdings in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 84.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 109,736 shares of the bank’s stock after selling 579,524 shares during the period. Ameriprise Financial Inc.’s holdings in Toronto Dominion Bank were worth $6,175,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Geode Capital Management LLC lifted its holdings in shares of Toronto Dominion Bank by 3.8% in the 1st quarter. Geode Capital Management LLC now owns 17,914 shares of the bank’s stock worth $897,000 after acquiring an additional 660 shares during the last quarter. Federated Investors Inc. PA lifted its holdings in shares of Toronto Dominion Bank by 6.8% in the 2nd quarter. Federated Investors Inc. PA now owns 90,981 shares of the bank’s stock worth $4,584,000 after acquiring an additional 5,815 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Toronto Dominion Bank by 10.0% in the 2nd quarter. Parallel Advisors LLC now owns 2,151 shares of the bank’s stock worth $111,000 after acquiring an additional 196 shares during the last quarter. Neuberger Berman Group LLC lifted its holdings in Toronto Dominion Bank by 3.8% during the 2nd quarter. Neuberger Berman Group LLC now owns 39,326 shares of the bank’s stock valued at $1,981,000 after buying an additional 1,449 shares in the last quarter. Finally, Girard Partners LTD. bought a new stake in Toronto Dominion Bank during the 2nd quarter valued at about $207,000. Institutional investors and hedge funds own 48.75% of the company’s stock.
Toronto Dominion Bank (TD) opened at $58.82 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.18. Toronto Dominion Bank has a 12 month low of $45.18 and a 12 month high of $60.54. The stock has a market cap of $108,350.00, a price-to-earnings ratio of 13.43, a P/E/G ratio of 1.64 and a beta of 0.90.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 10th will be paid a $0.466 dividend. This represents a $1.86 annualized dividend and a dividend yield of 3.17%. The ex-dividend date is Tuesday, January 9th. Toronto Dominion Bank’s dividend payout ratio is currently 42.69%.
Several equities research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday, December 2nd. Scotiabank restated a “buy” rating and issued a $83.00 price target on shares of Toronto Dominion Bank in a report on Wednesday, November 22nd. Macquarie started coverage on shares of Toronto Dominion Bank in a report on Tuesday, October 24th. They issued an “outperform” rating for the company. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Toronto Dominion Bank in a research report on Thursday, November 30th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $72.50.
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Toronto Dominion Bank Profile
Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.
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