Deutsche Bank AG Lowers Stock Position in The Toronto-Dominion Bank (NYSE:TD)

Deutsche Bank AG decreased its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 11.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,990,902 shares of the bank’s stock after selling 893,942 shares during the quarter. Deutsche Bank AG’s holdings in Toronto-Dominion Bank were worth $372,196,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in Toronto-Dominion Bank by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 74,118,551 shares of the bank’s stock worth $3,946,072,000 after purchasing an additional 1,415,934 shares during the period. FIL Ltd boosted its position in Toronto-Dominion Bank by 17.3% in the 4th quarter. FIL Ltd now owns 38,989,749 shares of the bank’s stock valued at $2,075,819,000 after buying an additional 5,756,584 shares during the period. Norges Bank purchased a new stake in shares of Toronto-Dominion Bank during the fourth quarter worth $992,204,000. Beutel Goodman & Co Ltd. boosted its holdings in Toronto-Dominion Bank by 3.8% in the fourth quarter. Beutel Goodman & Co Ltd. now owns 16,803,807 shares of the bank’s stock valued at $894,169,000 after purchasing an additional 622,736 shares during the period. Finally, CIBC Asset Management Inc grew its stake in Toronto-Dominion Bank by 0.4% during the 4th quarter. CIBC Asset Management Inc now owns 16,575,599 shares of the bank’s stock worth $882,241,000 after purchasing an additional 59,956 shares in the last quarter. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Trading Down 0.2 %

Shares of Toronto-Dominion Bank stock opened at $63.02 on Friday. The company has a 50-day moving average of $60.08 and a two-hundred day moving average of $57.46. The stock has a market cap of $109.39 billion, a PE ratio of 18.16, a price-to-earnings-growth ratio of 1.95 and a beta of 0.81. The Toronto-Dominion Bank has a 12-month low of $51.25 and a 12-month high of $64.91. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11.

Toronto-Dominion Bank Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th were given a $0.7278 dividend. The ex-dividend date was Thursday, April 10th. This represents a $2.91 annualized dividend and a dividend yield of 4.62%. Toronto-Dominion Bank’s dividend payout ratio is presently 85.59%.

Analyst Upgrades and Downgrades

TD has been the subject of a number of analyst reports. StockNews.com downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Monday, February 24th. Bank of America raised Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. Finally, Jefferies Financial Group cut shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Toronto-Dominion Bank currently has a consensus rating of “Hold” and a consensus target price of $80.50.

About 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.