Jones Financial Companies Lllp Grows Stock Holdings in The Toronto-Dominion Bank (NYSE:TD)

Jones Financial Companies Lllp raised its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 82.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,233 shares of the bank’s stock after buying an additional 9,601 shares during the quarter. Jones Financial Companies Lllp’s holdings in Toronto-Dominion Bank were worth $1,130,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of TD. Asahi Life Asset Management CO. LTD. acquired a new position in shares of Toronto-Dominion Bank during the fourth quarter valued at about $416,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Toronto-Dominion Bank during the fourth quarter valued at about $176,000. Proficio Capital Partners LLC acquired a new position in shares of Toronto-Dominion Bank during the fourth quarter valued at about $581,000. Mn Services Vermogensbeheer B.V. increased its holdings in shares of Toronto-Dominion Bank by 0.8% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 387,300 shares of the bank’s stock valued at $20,609,000 after acquiring an additional 3,200 shares in the last quarter. Finally, K.J. Harrison & Partners Inc increased its holdings in shares of Toronto-Dominion Bank by 33.4% during the fourth quarter. K.J. Harrison & Partners Inc now owns 153,745 shares of the bank’s stock valued at $8,158,000 after acquiring an additional 38,523 shares in the last quarter. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Trading Up 0.6 %

Toronto-Dominion Bank stock opened at $59.58 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 Toronto-Dominion Bank has a 12 month low of $51.25 and a 12 month high of $64.91. The stock’s 50 day simple moving average is $57.41 and its two-hundred day simple moving average is $57.67. The firm has a market cap of $104.40 billion, a PE ratio of 17.17, a P/E/G ratio of 1.95 and a beta of 0.83.

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 given 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 presently 85.29%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Barclays downgraded shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. StockNews.com downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Monday, February 24th. BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. Jefferies Financial Group downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, February 18th. Finally, Bank of America upgraded shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price 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.