Union Bancaire Privee UBP SA Buys Shares of 1,133 The Toronto-Dominion Bank (NYSE:TD)

Union Bancaire Privee UBP SA purchased a new position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,133 shares of the bank’s stock, valued at approximately $58,000.

Several other large investors have also recently made changes to their positions in the company. CIBC Asset Management Inc lifted its stake in Toronto-Dominion Bank by 5.4% in the 3rd quarter. CIBC Asset Management Inc now owns 16,515,643 shares of the bank’s stock worth $1,046,825,000 after purchasing an additional 853,313 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Toronto-Dominion Bank by 24.9% during the third quarter. The Manufacturers Life Insurance Company now owns 13,509,261 shares of the bank’s stock worth $854,815,000 after buying an additional 2,689,532 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Toronto-Dominion Bank by 2.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 12,186,545 shares of the bank’s stock worth $770,921,000 after buying an additional 301,649 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Toronto-Dominion Bank by 1.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,761,308 shares of the bank’s stock valued at $617,166,000 after buying an additional 144,427 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Toronto-Dominion Bank by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 7,962,173 shares of the bank’s stock worth $506,846,000 after acquiring an additional 479,624 shares during the last quarter. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Trading Up 0.1 %

TD opened at $57.41 on Thursday. 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 firm has a market cap of $100.49 billion, a P/E ratio of 16.54, a P/E/G ratio of 1.82 and a beta of 0.83. The Toronto-Dominion Bank has a 52 week low of $51.25 and a 52 week high of $64.91. The business has a fifty day simple moving average of $54.62 and a 200-day simple moving average of $57.41.

Toronto-Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 10th will be paid a dividend of $0.7482 per share. The ex-dividend date of this dividend is Friday, January 10th. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. This represents a $2.99 dividend on an annualized basis and a yield of 5.21%. Toronto-Dominion Bank’s dividend payout ratio is 84.15%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TD. Royal Bank of Canada dropped their price objective on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating for the company in a report on Friday, December 6th. BMO Capital Markets upgraded Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. Jefferies Financial Group raised Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Barclays lowered Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. Finally, StockNews.com downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Friday, December 27th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently 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.