Jane Street Group LLC grew its position in Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 143.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,400 shares of the bank’s stock after acquiring an additional 15,570 shares during the period. Jane Street Group LLC’s holdings in Toronto-Dominion Bank were worth $1,501,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Glenmede Trust Co. NA boosted its holdings in Toronto-Dominion Bank by 7.3% during the fourth quarter. Glenmede Trust Co. NA now owns 15,111 shares of the bank’s stock worth $884,000 after buying an additional 1,033 shares in the last quarter. Csenge Advisory Group boosted its holdings in Toronto-Dominion Bank by 21.8% during the fourth quarter. Csenge Advisory Group now owns 5,983 shares of the bank’s stock worth $351,000 after buying an additional 1,069 shares in the last quarter. RiverPoint Capital Management LLC boosted its holdings in Toronto-Dominion Bank by 0.7% during the fourth quarter. RiverPoint Capital Management LLC now owns 148,158 shares of the bank’s stock worth $8,679,000 after buying an additional 1,088 shares in the last quarter. Commerce Bank boosted its holdings in Toronto-Dominion Bank by 14.3% during the fourth quarter. Commerce Bank now owns 8,872 shares of the bank’s stock worth $520,000 after buying an additional 1,109 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in Toronto-Dominion Bank by 20.3% during the first quarter. Signaturefd LLC now owns 7,012 shares of the bank’s stock worth $399,000 after buying an additional 1,185 shares in the last quarter. 48.60% of the stock is currently owned by institutional investors and hedge funds.
Shares of Toronto-Dominion Bank opened at $57.98 on Monday, according to MarketBeat.com. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.11. The stock has a market cap of $106.77 billion, a price-to-earnings ratio of 13.67, a price-to-earnings-growth ratio of 1.04 and a beta of 0.96. Toronto-Dominion Bank has a 12-month low of $49.05 and a 12-month high of $75.46.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Tuesday, July 10th will be given a dividend of $0.5239 per share. The ex-dividend date is Monday, July 9th. This represents a $2.10 dividend on an annualized basis and a yield of 3.61%. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.52. Toronto-Dominion Bank’s payout ratio is presently 49.06%.
A number of analysts recently commented on the stock. Zacks Investment Research raised shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating and set a $66.00 price objective on the stock in a report on Wednesday, May 30th. ValuEngine downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, April 3rd. Finally, Desjardins raised shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average 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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