Cubist Systematic Strategies LLC boosted its holdings in shares of Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 45.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,209 shares of the bank’s stock after buying an additional 4,755 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Toronto-Dominion Bank were worth $864,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. William Blair Investment Management LLC increased its position in Toronto-Dominion Bank by 136.3% during the fourth quarter. William Blair Investment Management LLC now owns 4,885,591 shares of the bank’s stock worth $286,853,000 after buying an additional 2,818,050 shares during the last quarter. ING Groep NV bought a new stake in shares of Toronto-Dominion Bank during the first quarter worth approximately $858,000. Partners Capital Investment Group LLP bought a new stake in shares of Toronto-Dominion Bank during the fourth quarter worth approximately $938,000. Raymond James & Associates boosted its holdings in shares of Toronto-Dominion Bank by 2.1% during the fourth quarter. Raymond James & Associates now owns 234,947 shares of the bank’s stock worth $13,763,000 after acquiring an additional 4,804 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Toronto-Dominion Bank by 0.5% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 295,328 shares of the bank’s stock worth $13,808,000 after acquiring an additional 1,400 shares during the period. 48.60% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:TD opened at $57.98 on Friday. Toronto-Dominion Bank has a 12-month low of $49.05 and a 12-month high of $75.46. The company has a market cap of $106.77 billion, a PE ratio of 13.67, a PEG ratio of 1.04 and a beta of 0.96. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.91 and a quick ratio of 0.91.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 31st. Investors of record on Tuesday, July 10th will be paid a $0.5239 dividend. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.52. This represents a $2.10 annualized dividend and a dividend yield of 3.61%. The ex-dividend date is Monday, July 9th. Toronto-Dominion Bank’s payout ratio is 49.06%.
TD has been the subject of a number of research analyst reports. Zacks Investment Research cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, April 3rd. Desjardins upgraded Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. Finally, ValuEngine cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, April 3rd. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Toronto-Dominion Bank has a consensus 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.
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