Generali Investments CEE investicni spolecnost a.s. Purchases Shares of 39,000 The Toronto-Dominion Bank (NYSE:TD)

Generali Investments CEE investicni spolecnost a.s. purchased a new stake in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 39,000 shares of the bank’s stock, valued at approximately $2,076,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dunhill Financial LLC boosted its position in Toronto-Dominion Bank by 164.9% in the third quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock valued at $25,000 after buying an additional 249 shares in the last quarter. Bank of Jackson Hole Trust acquired a new position in Toronto-Dominion Bank in the fourth quarter valued at about $32,000. Versant Capital Management Inc boosted its position in Toronto-Dominion Bank by 40.0% in the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock valued at $37,000 after buying an additional 200 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Toronto-Dominion Bank in the fourth quarter valued at about $51,000. Finally, Union Bancaire Privee UBP SA acquired a new position in Toronto-Dominion Bank in the fourth quarter valued at about $58,000. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto-Dominion Bank Trading Up 0.6 %

Shares of NYSE TD opened at $59.58 on Friday. The company’s 50 day simple moving average is $57.41 and its 200 day simple moving average is $57.66. The Toronto-Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $64.91. The firm has a market capitalization of $104.40 billion, a P/E ratio of 17.17, a P/E/G ratio of 1.95 and a beta of 0.83. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03.

Toronto-Dominion Bank Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be issued a $0.7278 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.91 annualized dividend and a yield of 4.89%. Toronto-Dominion Bank’s dividend payout ratio is currently 85.29%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Royal Bank of Canada reduced their target price on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating on the stock in a research report on Friday, December 6th. StockNews.com lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Monday, February 24th. Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Desjardins lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Finally, Barclays lowered shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research report on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average 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.