Commonwealth of Pennsylvania Public School Empls Retrmt SYS Grows Stock Position in The Toronto-Dominion Bank (NYSE:TD)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 290,664 shares of the bank’s stock after acquiring an additional 3,600 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Toronto-Dominion Bank were worth $15,467,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dunhill Financial LLC lifted its position in Toronto-Dominion Bank by 164.9% during the third quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock worth $25,000 after buying an additional 249 shares in the last quarter. Bank of Jackson Hole Trust purchased a new position in Toronto-Dominion Bank during the fourth quarter worth approximately $32,000. Versant Capital Management Inc lifted its position in Toronto-Dominion Bank by 40.0% during the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock worth $37,000 after buying an additional 200 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Toronto-Dominion Bank during the fourth quarter worth approximately $51,000. Finally, Morse Asset Management Inc purchased a new position in Toronto-Dominion Bank during the third quarter worth approximately $63,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Trading Up 0.1 %

Shares of NYSE TD opened at $59.96 on Friday. The Toronto-Dominion Bank has a twelve month low of $51.25 and a twelve month high of $64.91. 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 stock has a fifty day simple moving average of $58.35 and a 200-day simple moving average of $57.64. The stock has a market capitalization of $105.07 billion, a PE ratio of 17.28, a PEG ratio of 1.95 and a beta of 0.83.

Toronto-Dominion Bank Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be paid a $0.7278 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.91 dividend on an annualized basis and a dividend yield of 4.85%. Toronto-Dominion Bank’s payout ratio is presently 85.29%.

Wall Street Analysts Forecast Growth

TD has been the topic of a number of analyst reports. Jefferies Financial Group downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Barclays cut Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. Desjardins cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. BMO Capital Markets raised Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 19th. Finally, Bank of America raised Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus 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.