The Toronto-Dominion Bank (NYSE:TD) Shares Purchased by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. boosted its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 608.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 456,391 shares of the bank’s stock after purchasing an additional 391,930 shares during the quarter. Toronto-Dominion Bank makes up approximately 1.2% of Hillsdale Investment Management Inc.’s holdings, making the stock its 16th largest holding. Hillsdale Investment Management Inc.’s holdings in Toronto-Dominion Bank were worth $24,271,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dunhill Financial LLC increased its holdings in Toronto-Dominion Bank by 164.9% during the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock worth $25,000 after purchasing an additional 249 shares during the last quarter. Lee Danner & Bass Inc. purchased a new stake in Toronto-Dominion Bank during the 4th quarter worth approximately $27,000. Bank of Jackson Hole Trust bought a new stake in shares of Toronto-Dominion Bank in the 4th quarter valued at approximately $32,000. Versant Capital Management Inc increased its holdings in shares of 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 acquiring an additional 200 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Toronto-Dominion Bank in the 4th quarter valued at approximately $51,000. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on TD shares. Scotiabank downgraded Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday, December 6th. Desjardins downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Bank of America upgraded Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. Royal Bank of Canada lowered their price target on Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating for the company in a report on Friday, December 6th. Finally, Jefferies Financial Group lowered Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $80.50.

Toronto-Dominion Bank Trading Down 0.7 %

NYSE:TD opened at $59.50 on Friday. 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 capitalization of $104.25 billion, a P/E ratio of 17.15, a P/E/G ratio of 1.95 and a beta of 0.83. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03. The business has a 50 day simple moving average of $58.46 and a 200 day simple moving average of $57.64.

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 paid a $0.7278 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.91 annualized dividend and a dividend yield of 4.89%. Toronto-Dominion Bank’s payout ratio is 85.29%.

Toronto-Dominion Bank Company 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.