Anson Funds Management LP Has $3.16 Million Holdings in The Toronto-Dominion Bank (NYSE:TD)

Anson Funds Management LP lessened its stake in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 75.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,000 shares of the bank’s stock after selling 150,000 shares during the quarter. Anson Funds Management LP’s holdings in Toronto-Dominion Bank were worth $3,162,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TD. The Manufacturers Life Insurance Company boosted its holdings in Toronto-Dominion Bank by 24.9% during the third quarter. The Manufacturers Life Insurance Company now owns 13,509,261 shares of the bank’s stock worth $854,815,000 after purchasing an additional 2,689,532 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Toronto-Dominion Bank by 61.1% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,011,579 shares of the bank’s stock worth $380,118,000 after purchasing an additional 2,279,864 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Toronto-Dominion Bank by 61.7% during the second quarter. Dimensional Fund Advisors LP now owns 5,806,974 shares of the bank’s stock worth $319,151,000 after purchasing an additional 2,215,185 shares during the last quarter. Quadrature Capital Ltd raised its position in Toronto-Dominion Bank by 175.5% during the third quarter. Quadrature Capital Ltd now owns 2,467,300 shares of the bank’s stock worth $156,202,000 after acquiring an additional 1,571,700 shares in the last quarter. Finally, 1832 Asset Management L.P. raised its position in Toronto-Dominion Bank by 6.0% during the second quarter. 1832 Asset Management L.P. now owns 25,803,480 shares of the bank’s stock worth $1,418,159,000 after acquiring an additional 1,462,794 shares in the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TD shares. Desjardins lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Friday. Barclays lowered shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research report on Thursday, November 21st. Royal Bank of Canada dropped their price target on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating on the stock in a research report on Friday. Scotiabank lowered shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Friday. Finally, StockNews.com lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Thursday, August 22nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Toronto-Dominion Bank presently has a consensus rating of “Hold” and an average target price of $80.50.

Toronto-Dominion Bank Price Performance

Shares of TD opened at $51.96 on Friday. The firm has a market capitalization of $90.94 billion, a PE ratio of 14.97, a PEG ratio of 1.86 and a beta of 0.82. The company’s 50-day moving average is $57.30 and its 200-day moving average is $57.64. The Toronto-Dominion Bank has a fifty-two week low of $51.74 and a fifty-two week high of $65.12. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.02 and a quick ratio of 1.02.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be given a $0.7482 dividend. The ex-dividend date is Friday, January 10th. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. This represents a $2.99 annualized dividend and a dividend yield of 5.76%. Toronto-Dominion Bank’s dividend payout ratio is presently 87.03%.

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.