World Investment Advisors Acquires 331 Shares of The Toronto-Dominion Bank (NYSE:TD)

World Investment Advisors lifted its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 7.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,526 shares of the bank’s stock after purchasing an additional 331 shares during the quarter. World Investment Advisors’ holdings in Toronto-Dominion Bank were worth $241,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Verition Fund Management LLC increased its holdings in shares of Toronto-Dominion Bank by 22.9% in the third quarter. Verition Fund Management LLC now owns 7,661 shares of the bank’s stock valued at $485,000 after purchasing an additional 1,429 shares during the last quarter. Morse Asset Management Inc bought a new stake in shares of Toronto-Dominion Bank in the third quarter valued at about $63,000. Orion Portfolio Solutions LLC boosted its position in shares of Toronto-Dominion Bank by 69.6% in the third quarter. Orion Portfolio Solutions LLC now owns 19,863 shares of the bank’s stock valued at $1,257,000 after acquiring an additional 8,152 shares during the period. MML Investors Services LLC boosted its position in shares of Toronto-Dominion Bank by 12.2% in the third quarter. MML Investors Services LLC now owns 12,063 shares of the bank’s stock valued at $763,000 after acquiring an additional 1,309 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Toronto-Dominion Bank in the third quarter valued at about $20,952,000. Institutional investors own 52.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TD. BMO Capital Markets raised shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 19th. StockNews.com cut shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Monday, February 24th. Jefferies Financial Group cut shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Finally, Bank of America raised shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research report on Friday, January 17th. Two 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’s stock. Based on data from MarketBeat.com, Toronto-Dominion Bank currently has an average rating of “Hold” and a consensus price target of $80.50.

Toronto-Dominion Bank Stock Performance

Toronto-Dominion Bank stock opened at $57.55 on Thursday. The company has a market capitalization of $100.85 billion, a P/E ratio of 16.59, a P/E/G ratio of 1.95 and a beta of 0.73. The business has a 50 day moving average of $59.08 and a 200-day moving average of $57.31. 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 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be given a dividend of $0.7278 per share. This represents a $2.91 dividend on an annualized basis and a yield of 5.06%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank’s dividend payout ratio is presently 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.