Hanson & Doremus Investment Management Has $395,000 Holdings in The Toronto-Dominion Bank (NYSE:TD)

Hanson & Doremus Investment Management raised its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,426 shares of the bank’s stock after acquiring an additional 340 shares during the period. Hanson & Doremus Investment Management’s holdings in Toronto-Dominion Bank were worth $395,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. CIBC Asset Management Inc grew its position in shares of Toronto-Dominion Bank by 5.4% in the 3rd quarter. CIBC Asset Management Inc now owns 16,515,643 shares of the bank’s stock valued at $1,046,825,000 after purchasing an additional 853,313 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Toronto-Dominion Bank by 24.9% in the third quarter. The Manufacturers Life Insurance Company now owns 13,509,261 shares of the bank’s stock valued at $854,815,000 after buying an additional 2,689,532 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Toronto-Dominion Bank by 2.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 12,186,545 shares of the bank’s stock worth $770,921,000 after acquiring an additional 301,649 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Toronto-Dominion Bank by 1.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,761,308 shares of the bank’s stock worth $617,166,000 after acquiring an additional 144,427 shares during the period. Finally, Geode Capital Management LLC lifted its position in Toronto-Dominion Bank by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 7,962,173 shares of the bank’s stock valued at $506,846,000 after acquiring an additional 479,624 shares in the last quarter. 52.37% of the stock is currently owned by institutional investors.

Toronto-Dominion Bank Price Performance

NYSE:TD opened at $57.41 on Thursday. The stock has a market capitalization of $100.49 billion, a PE ratio of 16.54, a P/E/G ratio of 1.82 and a beta of 0.83. The Toronto-Dominion Bank has a 1-year low of $51.25 and a 1-year high of $64.91. The firm has a fifty day simple moving average of $54.62 and a 200 day simple moving average of $57.41. 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be given a $0.7482 dividend. This represents a $2.99 dividend on an annualized basis and a dividend yield of 5.21%. The ex-dividend date of this dividend is Friday, January 10th. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 84.15%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. StockNews.com downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Friday, December 27th. Royal Bank of Canada dropped their target price on Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating on the stock in a research report on Friday, December 6th. Jefferies Financial Group raised Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Desjardins downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Friday, December 6th. 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 equities research analysts have rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Toronto-Dominion Bank currently has a consensus rating of “Hold” and a consensus target price 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.