State of Tennessee Department of Treasury Has $53.20 Million Stock Holdings in The Toronto-Dominion Bank (NYSE:TD)

State of Tennessee Department of Treasury boosted its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 0.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 999,782 shares of the bank’s stock after acquiring an additional 1,800 shares during the quarter. State of Tennessee Department of Treasury owned approximately 0.06% of Toronto-Dominion Bank worth $53,201,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TD. Morse Asset Management Inc acquired a new stake in shares of Toronto-Dominion Bank in the third quarter valued at approximately $63,000. Passumpsic Savings Bank lifted its stake in shares of Toronto-Dominion Bank by 2.6% during the third quarter. Passumpsic Savings Bank now owns 7,530 shares of the bank’s stock valued at $476,000 after acquiring an additional 194 shares during the period. Tudor Financial Inc. bought a new position in Toronto-Dominion Bank in the third quarter valued at about $268,000. World Investment Advisors LLC bought a new stake in Toronto-Dominion Bank during the 3rd quarter worth about $265,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Toronto-Dominion Bank during the 3rd quarter valued at about $247,000. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Up 0.4 %

Shares of Toronto-Dominion Bank stock opened at $60.67 on Monday. The company has a market capitalization of $106.31 billion, a P/E ratio of 17.48, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. 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 business has a 50-day moving average of $59.25 and a two-hundred day moving average of $57.08. The Toronto-Dominion Bank has a 1 year low of $51.25 and a 1 year high of $64.91.

Toronto-Dominion Bank Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.7278 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.91 annualized dividend and a yield of 4.80%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 85.59%.

Analysts Set New Price Targets

Several brokerages recently weighed in on TD. StockNews.com lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Monday, February 24th. Bank of America upgraded Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research report on Friday, January 17th. Finally, Jefferies Financial Group lowered Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Two 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’s stock. Based on data from MarketBeat, Toronto-Dominion Bank has an average rating of “Hold” and a consensus price target 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.