The Toronto-Dominion Bank (NYSE:TD) Shares Purchased by Franklin Resources Inc.

Franklin Resources Inc. grew its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 0.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 921,297 shares of the bank’s stock after buying an additional 275 shares during the period. Franklin Resources Inc. owned 0.05% of Toronto-Dominion Bank worth $48,987,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds 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 valued at $25,000 after buying an additional 249 shares in the last quarter. Lee Danner & Bass Inc. acquired a new position in shares of Toronto-Dominion Bank during the 4th quarter valued at $27,000. Bank of Jackson Hole Trust purchased a new stake in Toronto-Dominion Bank during the 4th quarter worth $32,000. Versant Capital Management Inc increased its holdings in Toronto-Dominion Bank by 40.0% in the 4th quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock valued at $37,000 after purchasing an additional 200 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new position in Toronto-Dominion Bank in the fourth quarter valued at about $39,000. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TD. Jefferies Financial Group downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Scotiabank downgraded shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, December 6th. Bank of America raised Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research report on Friday, January 17th. Desjardins downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Finally, Royal Bank of Canada dropped their price objective on Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating on the stock in a report on Friday, December 6th. 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $80.50.

Toronto-Dominion Bank Stock Down 2.7 %

NYSE:TD opened at $57.10 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $100.06 billion, a price-to-earnings ratio of 16.46, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. The Toronto-Dominion Bank has a one year low of $51.25 and a one year high of $64.91. The stock has a 50-day simple moving average of $59.17 and a 200 day simple moving average of $57.56.

Toronto-Dominion Bank Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be issued 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 5.10%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 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.