Russell Investments Group Ltd. Has $44.68 Million Stock Holdings in The Toronto-Dominion Bank (NYSE:TD)

Russell Investments Group Ltd. reduced its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 15.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 840,257 shares of the bank’s stock after selling 148,102 shares during the period. Russell Investments Group Ltd.’s holdings in Toronto-Dominion Bank were worth $44,675,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TD. Grantham Mayo Van Otterloo & Co. LLC increased its stake in shares of Toronto-Dominion Bank by 1.1% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 591,470 shares of the bank’s stock valued at $31,474,000 after purchasing an additional 6,312 shares during the last quarter. Aviva PLC boosted its stake in Toronto-Dominion Bank by 11.4% in the fourth quarter. Aviva PLC now owns 1,053,329 shares of the bank’s stock valued at $55,967,000 after buying an additional 108,136 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Toronto-Dominion Bank in the fourth quarter valued at about $1,686,000. World Investment Advisors raised its stake in Toronto-Dominion Bank by 7.9% during the fourth quarter. World Investment Advisors now owns 4,526 shares of the bank’s stock worth $241,000 after acquiring an additional 331 shares in the last quarter. Finally, Te Ahumairangi Investment Management Ltd lifted its holdings in shares of Toronto-Dominion Bank by 21.2% in the fourth quarter. Te Ahumairangi Investment Management Ltd now owns 63,581 shares of the bank’s stock worth $3,383,000 after acquiring an additional 11,100 shares during the last quarter. 52.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Bank of America raised shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. 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. StockNews.com cut Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Monday, February 24th. Finally, BMO Capital Markets raised Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $80.50.

Toronto-Dominion Bank Stock Performance

Shares of Toronto-Dominion Bank stock opened at $57.10 on Monday. The stock has a market cap of $100.06 billion, a price-to-earnings ratio of 16.46, a P/E/G ratio of 1.95 and a beta of 0.73. 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 Toronto-Dominion Bank has a twelve month low of $51.25 and a twelve month high of $64.91. The company’s fifty day moving average is $59.17 and its 200 day moving average is $57.49.

Toronto-Dominion Bank Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be paid a $0.7278 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.91 annualized dividend and a dividend yield of 5.10%. Toronto-Dominion Bank’s payout ratio is 85.29%.

Toronto-Dominion Bank 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.