The Toronto-Dominion Bank (NYSE:TD) Position Increased by Bridgewater Advisors Inc.

Bridgewater Advisors Inc. raised its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 2.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,381 shares of the bank’s stock after purchasing an additional 286 shares during the period. Bridgewater Advisors Inc.’s holdings in Toronto-Dominion Bank were worth $568,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Dunhill Financial LLC grew its position in Toronto-Dominion Bank by 164.9% in the third quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock worth $25,000 after acquiring an additional 249 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Toronto-Dominion Bank by 40.0% during the 4th quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock worth $37,000 after acquiring an additional 200 shares in the last quarter. Kimelman & Baird LLC acquired a new position in shares of Toronto-Dominion Bank during the 2nd quarter valued at about $49,000. Morse Asset Management Inc bought a new position in shares of Toronto-Dominion Bank in the 3rd quarter valued at approximately $63,000. Finally, Eastern Bank bought a new stake in Toronto-Dominion Bank during the third quarter worth approximately $66,000. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TD shares. Barclays cut shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. Desjardins cut shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Friday, December 6th. BMO Capital Markets upgraded Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 19th. Bank of America raised Toronto-Dominion Bank from a “neutral” rating to a “buy” 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 Friday, December 27th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $80.50.

Toronto-Dominion Bank Stock Up 3.9 %

Toronto-Dominion Bank stock opened at $57.49 on Monday. The company’s 50-day moving average is $54.48 and its 200-day moving average is $57.33. The firm has a market capitalization of $100.63 billion, a PE ratio of 16.57, a P/E/G ratio of 1.72 and a beta of 0.83. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03. The Toronto-Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $64.91.

Toronto-Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 10th will be paid a $0.7482 dividend. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. This represents a $2.99 annualized dividend and a dividend yield of 5.21%. The ex-dividend date of this dividend is Friday, January 10th. Toronto-Dominion Bank’s payout ratio is 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.