Generali Asset Management SPA SGR Makes New Investment in The Toronto-Dominion Bank (NYSE:TD)

Generali Asset Management SPA SGR purchased a new position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 126,222 shares of the bank’s stock, valued at approximately $6,720,000.

Several other hedge funds also recently bought and sold shares of the stock. Mystic Asset Management Inc. acquired a new stake in shares of Toronto-Dominion Bank during the fourth quarter worth $422,000. Horizon Kinetics Asset Management LLC boosted its holdings in shares of Toronto-Dominion Bank by 2.8% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 30,950 shares of the bank’s stock worth $1,648,000 after purchasing an additional 850 shares during the last quarter. Twin Tree Management LP boosted its holdings in shares of Toronto-Dominion Bank by 115.5% during the fourth quarter. Twin Tree Management LP now owns 73,441 shares of the bank’s stock worth $3,910,000 after purchasing an additional 548,301 shares during the last quarter. Gold Investment Management Ltd. boosted its holdings in shares of Toronto-Dominion Bank by 1.8% during the fourth quarter. Gold Investment Management Ltd. now owns 108,081 shares of the bank’s stock worth $5,753,000 after purchasing an additional 1,878 shares during the last quarter. Finally, Frank Rimerman Advisors LLC boosted its holdings in shares of Toronto-Dominion Bank by 3.2% during the fourth quarter. Frank Rimerman Advisors LLC now owns 5,446 shares of the bank’s stock worth $290,000 after purchasing an additional 171 shares during the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TD. Bank of America upgraded Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. Desjardins cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Jefferies Financial Group cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, February 18th. Barclays cut Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. Finally, BMO Capital Markets upgraded Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. 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 issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $80.50.

Toronto-Dominion Bank Trading Down 0.1 %

Shares of TD opened at $59.67 on Wednesday. The stock’s 50-day moving average is $58.12 and its two-hundred day moving average is $57.61. The stock has a market cap of $104.55 billion, a PE ratio of 17.20, a P/E/G ratio of 1.95 and a beta of 0.83. The Toronto-Dominion Bank has a 12 month low of $51.25 and a 12 month high of $64.91. 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.7278 per share. This represents a $2.91 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank’s dividend payout ratio is presently 85.29%.

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.