The Toronto-Dominion Bank (NYSE:TD) Holdings Boosted by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC grew its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 591,470 shares of the bank’s stock after purchasing an additional 6,312 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Toronto-Dominion Bank were worth $31,474,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Verition Fund Management LLC boosted its holdings in shares of Toronto-Dominion Bank by 22.9% during the third quarter. Verition Fund Management LLC now owns 7,661 shares of the bank’s stock worth $485,000 after purchasing an additional 1,429 shares during the period. Edgestream Partners L.P. acquired a new stake in shares of Toronto-Dominion Bank during the 3rd quarter valued at $230,000. Benjamin Edwards Inc. acquired a new stake in shares of Toronto-Dominion Bank during the 3rd quarter valued at $387,000. Morse Asset Management Inc acquired a new position in shares of Toronto-Dominion Bank in the third quarter worth $63,000. Finally, Quantinno Capital Management LP raised its holdings in shares of Toronto-Dominion Bank by 18.1% during the third quarter. Quantinno Capital Management LP now owns 58,392 shares of the bank’s stock worth $3,694,000 after acquiring an additional 8,958 shares in the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Trading Down 2.7 %

NYSE:TD opened at $57.10 on Friday. The company’s 50 day moving average is $59.17 and its 200-day moving average is $57.52. 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 Toronto-Dominion Bank has a 12 month low of $51.25 and a 12 month high of $64.91. The firm has a market cap of $100.06 billion, a price-to-earnings ratio of 16.46, a P/E/G ratio of 1.95 and a beta of 0.73.

Toronto-Dominion Bank Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be given a dividend of $0.7278 per share. This represents a $2.91 dividend on an annualized basis and a yield of 5.10%. The ex-dividend date of this dividend is Thursday, April 10th. Toronto-Dominion Bank’s dividend payout ratio is 85.29%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. StockNews.com lowered Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Monday, February 24th. 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 cut shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Finally, Bank of America upgraded shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. Two 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. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $80.50.

Toronto-Dominion Bank Profile

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.