Skandinaviska Enskilda Banken AB publ Buys 4,471 Shares of The Toronto-Dominion Bank (NYSE:TD)

Skandinaviska Enskilda Banken AB publ raised its stake in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 1.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 235,623 shares of the bank’s stock after purchasing an additional 4,471 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Toronto-Dominion Bank were worth $12,514,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TD. StockNews.com cut Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Monday, February 24th. Bank of America raised Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. Desjardins cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Scotiabank cut Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research note on Friday, December 6th. Finally, Jefferies Financial Group cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Toronto-Dominion Bank presently has an average rating of “Hold” and an average target price of $80.50.

Toronto-Dominion Bank Trading Up 2.2 %

NYSE TD opened at $58.95 on Friday. The Toronto-Dominion Bank has a 12 month low of $51.25 and a 12 month high of $64.91. The stock has a market cap of $103.30 billion, a P/E ratio of 16.99, a P/E/G ratio of 1.95 and a beta of 0.83. The stock’s fifty day moving average price is $57.92 and its 200-day moving average price is $57.64. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11.

Toronto-Dominion Bank Cuts Dividend

The firm 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 dividend of $0.7278 per share. This represents a $2.91 dividend on an annualized basis and a dividend yield of 4.94%. The ex-dividend date of this dividend is Thursday, April 10th. Toronto-Dominion Bank’s payout ratio is currently 85.29%.

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.