Toronto-Dominion Bank (TD) Stake Increased by FIL Ltd
FIL Ltd grew its holdings in shares of Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 8.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,739,701 shares of the bank’s stock after buying an additional 2,900,086 shares during the period. Toronto-Dominion Bank accounts for approximately 3.3% of FIL Ltd’s holdings, making the stock its biggest position. FIL Ltd owned 2.00% of Toronto-Dominion Bank worth $2,232,570,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. First Manhattan Co. boosted its stake in Toronto-Dominion Bank by 106.9% in the 3rd quarter. First Manhattan Co. now owns 1,970 shares of the bank’s stock worth $119,000 after purchasing an additional 1,018 shares in the last quarter. Huntington National Bank boosted its stake in Toronto-Dominion Bank by 216.9% in the 3rd quarter. Huntington National Bank now owns 2,114 shares of the bank’s stock worth $129,000 after purchasing an additional 1,447 shares in the last quarter. Destination Wealth Management bought a new position in Toronto-Dominion Bank in the 2nd quarter worth about $139,000. Quad Cities Investment Group LLC bought a new position in Toronto-Dominion Bank in the 2nd quarter worth about $139,000. Finally, Atlas Capital Advisors LLC boosted its stake in Toronto-Dominion Bank by 1,361.3% in the 2nd quarter. Atlas Capital Advisors LLC now owns 2,455 shares of the bank’s stock worth $142,000 after purchasing an additional 2,287 shares in the last quarter. Hedge funds and other institutional investors own 47.43% of the company’s stock.
Shares of NYSE:TD opened at $52.92 on Wednesday. Toronto-Dominion Bank has a fifty-two week low of $52.83 and a fifty-two week high of $62.00. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $99.79 billion, a price-to-earnings ratio of 12.48, a price-to-earnings-growth ratio of 0.96 and a beta of 1.01.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Wednesday, October 10th were given a $0.5144 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date was Tuesday, October 9th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 49.06%.
A number of brokerages recently issued reports on TD. TheStreet upgraded shares of Toronto-Dominion Bank from a “c+” rating to a “b” rating in a research note on Tuesday, September 4th. Zacks Investment Research upgraded shares of Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research note on Friday, November 16th. Barclays reiterated a “hold” rating on shares of Toronto-Dominion Bank in a research note on Friday, November 16th. Finally, ValuEngine cut shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $79.00.
About Toronto-Dominion Bank
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to small, medium, and large businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.
Recommended Story: Quiet Period
Want to see what other hedge funds are holding TD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Toronto-Dominion Bank (NYSE:TD) (TSE:TD).
Receive News & Ratings for Toronto-Dominion Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toronto-Dominion Bank and related companies with MarketBeat.com's FREE daily email newsletter.