State Street Corp decreased its position in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 2.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,098,321 shares of the bank's stock after selling 65,409 shares during the period. State Street Corp owned 0.18% of Toronto-Dominion Bank worth $196,000,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in TD. CWM LLC raised its holdings in shares of Toronto-Dominion Bank by 2.4% in the 3rd quarter. CWM LLC now owns 7,208 shares of the bank's stock worth $456,000 after buying an additional 170 shares in the last quarter. Pathstone Holdings LLC grew its holdings in Toronto-Dominion Bank by 0.8% during the 3rd quarter. Pathstone Holdings LLC now owns 22,309 shares of the bank's stock worth $1,411,000 after acquiring an additional 184 shares during the last quarter. Balanced Rock Investment Advisors LLC raised its stake in shares of Toronto-Dominion Bank by 1.4% in the second quarter. Balanced Rock Investment Advisors LLC now owns 14,959 shares of the bank's stock worth $822,000 after acquiring an additional 203 shares during the last quarter. Hexagon Capital Partners LLC lifted its position in shares of Toronto-Dominion Bank by 18.5% during the third quarter. Hexagon Capital Partners LLC now owns 1,337 shares of the bank's stock worth $85,000 after purchasing an additional 209 shares in the last quarter. Finally, Brown Brothers Harriman & Co. increased its holdings in shares of Toronto-Dominion Bank by 8.8% in the second quarter. Brown Brothers Harriman & Co. now owns 2,610 shares of the bank's stock valued at $143,000 after purchasing an additional 210 shares in the last quarter. 52.37% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:TD opened at $53.47 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.02 and a current ratio of 1.02. The Toronto-Dominion Bank has a 52 week low of $51.74 and a 52 week high of $65.12. The company has a 50 day moving average price of $56.69 and a two-hundred day moving average price of $57.58. The company has a market capitalization of $93.59 billion, a PE ratio of 15.46, a PEG ratio of 1.79 and a beta of 0.82.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 10th will be paid a $0.7482 dividend. This represents a $2.99 dividend on an annualized basis and a yield of 5.60%. This is a boost from Toronto-Dominion Bank's previous quarterly dividend of $0.74. The ex-dividend date of this dividend is Friday, January 10th. Toronto-Dominion Bank's payout ratio is presently 89.34%.
A number of research analysts have commented on the company. Royal Bank of Canada decreased their price objective on Toronto-Dominion Bank from $82.00 to $77.00 and set a "sector perform" rating on the stock in a research report on Friday, December 6th. Barclays downgraded shares of Toronto-Dominion Bank from an "equal weight" rating to an "underweight" rating in a research report on Thursday, November 21st. Desjardins cut shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Friday, December 6th. Jefferies Financial Group upgraded shares of Toronto-Dominion Bank from a "hold" rating to a "buy" rating in a report on Thursday. Finally, National Bank Financial raised shares of Toronto-Dominion Bank from an "underperform" rating to a "sector perform" rating in a report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $80.50.
View Our Latest Analysis on Toronto-Dominion Bank
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.
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