Nuveen Asset Management LLC Has $110.66 Million Stock Holdings in The Toronto-Dominion Bank (NYSE:TD)

Nuveen Asset Management LLC lifted its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 0.4% during the 4th quarter, Holdings Channel reports. The firm owned 2,079,505 shares of the bank’s stock after purchasing an additional 8,241 shares during the quarter. Nuveen Asset Management LLC’s holdings in Toronto-Dominion Bank were worth $110,655,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of TD. Lee Danner & Bass Inc. acquired a new position in shares of Toronto-Dominion Bank during the 4th quarter worth about $27,000. Bank of Jackson Hole Trust acquired a new position in Toronto-Dominion Bank in the 4th quarter valued at about $32,000. CoreCap Advisors LLC grew its stake in Toronto-Dominion Bank by 57.5% in the 4th quarter. CoreCap Advisors LLC now owns 630 shares of the bank’s stock valued at $34,000 after buying an additional 230 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in Toronto-Dominion Bank in the 4th quarter valued at about $39,000. Finally, SBI Securities Co. Ltd. acquired a new position in Toronto-Dominion Bank in the 4th quarter valued at about $51,000. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto-Dominion Bank Stock Performance

NYSE TD opened at $64.27 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $111.56 billion, a P/E ratio of 18.52, a P/E/G 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 $64.97. The firm has a 50-day moving average price of $60.69 and a two-hundred day moving average price of $57.77.

Toronto-Dominion Bank Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th were issued a $0.7278 dividend. This represents a $2.91 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date was Thursday, April 10th. Toronto-Dominion Bank’s dividend payout ratio is currently 85.59%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. StockNews.com upgraded shares of Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research note on Wednesday. Scotiabank assumed coverage on shares of Toronto-Dominion Bank in a research note on Thursday. They issued a “sector perform” rating on the stock. Finally, Bank of America upgraded shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, 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.