Erste Asset Management GmbH Boosts Holdings in The Toronto-Dominion Bank (NYSE:TD)

Erste Asset Management GmbH increased its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 0.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 231,547 shares of the bank’s stock after purchasing an additional 334 shares during the period. Erste Asset Management GmbH’s holdings in Toronto-Dominion Bank were worth $12,272,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in TD. Dunhill Financial LLC grew its stake in shares of Toronto-Dominion Bank by 164.9% during 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 during the last quarter. Bank of Jackson Hole Trust purchased a new stake in Toronto-Dominion Bank during the 4th quarter valued at about $32,000. Versant Capital Management Inc boosted its stake in shares of Toronto-Dominion Bank by 40.0% during the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock valued at $37,000 after purchasing an additional 200 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Toronto-Dominion Bank in the fourth quarter worth approximately $51,000. Finally, Morse Asset Management Inc purchased a new position in shares of Toronto-Dominion Bank in the third quarter worth $63,000. Institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Price Performance

TD opened at $57.71 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11. The company has a market cap of $101.13 billion, a price-to-earnings ratio of 16.63, a price-to-earnings-growth ratio of 1.95 and a beta of 0.83. The stock has a fifty day simple moving average of $57.81 and a two-hundred day simple moving average of $57.64. The Toronto-Dominion Bank has a 12-month low of $51.25 and a 12-month high of $64.91.

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 paid a dividend of $0.7278 per share. This represents a $2.91 annualized dividend and a yield of 5.04%. The ex-dividend date of this dividend is Thursday, April 10th. Toronto-Dominion Bank’s payout ratio is currently 85.29%.

Analysts Set New Price Targets

A number of brokerages have issued reports on TD. 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 downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, February 18th. Scotiabank cut Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday, December 6th. Royal Bank of Canada reduced their target price on Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating on the stock in a research note on Friday, December 6th. Finally, Desjardins lowered Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Two 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price 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.