Canada Pension Plan Investment Board boosted its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 18.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,044,001 shares of the bank’s stock after purchasing an additional 923,990 shares during the period. Canada Pension Plan Investment Board’s holdings in The Toronto-Dominion Bank were worth $394,133,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of TD. FIL Ltd grew its holdings in shares of The Toronto-Dominion Bank by 13.0% during the fourth quarter. FIL Ltd now owns 35,744,963 shares of the bank’s stock worth $2,019,622,000 after purchasing an additional 4,110,503 shares during the last quarter. Bank of Nova Scotia grew its holdings in The Toronto-Dominion Bank by 3.7% during the 1st quarter. Bank of Nova Scotia now owns 27,139,273 shares of the bank’s stock worth $1,803,205,000 after acquiring an additional 958,130 shares during the last quarter. Norges Bank acquired a new position in The Toronto-Dominion Bank in the 4th quarter valued at approximately $1,213,394,000. Fiera Capital Corp raised its stake in shares of The Toronto-Dominion Bank by 6.0% during the first quarter. Fiera Capital Corp now owns 8,083,787 shares of the bank’s stock valued at $526,960,000 after acquiring an additional 458,754 shares during the last quarter. Finally, Schroder Investment Management Group lifted its holdings in shares of The Toronto-Dominion Bank by 81.3% during the fourth quarter. Schroder Investment Management Group now owns 6,851,996 shares of the bank’s stock worth $492,796,000 after purchasing an additional 3,071,809 shares during the period. 49.21% of the stock is owned by institutional investors and hedge funds.
TD stock traded down $0.47 during midday trading on Thursday, hitting $65.45. The stock had a trading volume of 44,248 shares, compared to its average volume of 1,856,045. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.13. The firm has a market cap of $119.15 billion, a price-to-earnings ratio of 10.99, a P/E/G ratio of 0.87 and a beta of 1.05. The company’s fifty day moving average price is $70.71. The Toronto-Dominion Bank has a 1-year low of $42.90 and a 1-year high of $73.85.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, July 31st. Shareholders of record on Friday, July 9th will be issued a dividend of $0.6521 per share. This represents a $2.61 dividend on an annualized basis and a dividend yield of 3.99%. This is a boost from The Toronto-Dominion Bank’s previous quarterly dividend of $0.63. The ex-dividend date is Thursday, July 8th. The Toronto-Dominion Bank’s dividend payout ratio is presently 30.33%.
Separately, Zacks Investment Research lowered The Toronto-Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Three analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $77.40.
About The Toronto-Dominion Bank
The Toronto-Dominion Bank engages in providing financial products and services. It operates through the following segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The Canadian Retail segment offers various financial products and services, as well as telephone, Internet, and mobile banking services.
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