Five Oceans Advisors Raises Stock Position in The Toronto-Dominion Bank (NYSE:TD)

Five Oceans Advisors boosted its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 7.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,093 shares of the bank’s stock after purchasing an additional 528 shares during the quarter. Five Oceans Advisors’ holdings in Toronto-Dominion Bank were worth $431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of TD. Chicago Partners Investment Group LLC raised its stake in Toronto-Dominion Bank by 6.5% in the fourth quarter. Chicago Partners Investment Group LLC now owns 5,502 shares of the bank’s stock valued at $298,000 after purchasing an additional 334 shares in the last quarter. Crews Bank & Trust purchased a new stake in shares of Toronto-Dominion Bank during the 4th quarter valued at $110,000. Hanson & Doremus Investment Management lifted its holdings in shares of Toronto-Dominion Bank by 4.8% during the 4th quarter. Hanson & Doremus Investment Management now owns 7,426 shares of the bank’s stock worth $395,000 after acquiring an additional 340 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in Toronto-Dominion Bank in the fourth quarter worth $58,000. Finally, Blue Trust Inc. increased its stake in Toronto-Dominion Bank by 9.1% in the fourth quarter. Blue Trust Inc. now owns 2,987 shares of the bank’s stock valued at $159,000 after acquiring an additional 250 shares during the last quarter. 52.37% of the stock is owned by institutional investors.

Toronto-Dominion Bank Price Performance

Shares of Toronto-Dominion Bank stock opened at $57.15 on Friday. The firm has a market cap of $100.05 billion, a PE ratio of 16.47, a price-to-earnings-growth ratio of 1.83 and a beta of 0.83. The company’s fifty day simple moving average is $54.70 and its two-hundred day simple moving average is $57.41. 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.

Toronto-Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 10th were issued a dividend of $0.7482 per share. This represents a $2.99 dividend on an annualized basis and a yield of 5.24%. The ex-dividend date of this dividend was Friday, January 10th. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. Toronto-Dominion Bank’s payout ratio is currently 84.15%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TD. BMO Capital Markets upgraded Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. Barclays cut shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research report on Thursday, November 21st. Scotiabank lowered shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday, December 6th. StockNews.com lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Friday, December 27th. Finally, Jefferies Financial Group raised shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average 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.