The Toronto-Dominion Bank (NYSE:TD) Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp increased its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 20.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 561,482 shares of the bank’s stock after purchasing an additional 96,117 shares during the period. Van ECK Associates Corp’s holdings in Toronto-Dominion Bank were worth $29,866,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in TD. The Manufacturers Life Insurance Company increased its stake in Toronto-Dominion Bank by 24.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 13,509,261 shares of the bank’s stock worth $854,815,000 after buying an additional 2,689,532 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Toronto-Dominion Bank by 61.1% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,011,579 shares of the bank’s stock valued at $380,118,000 after purchasing an additional 2,279,864 shares during the last quarter. Quadrature Capital Ltd increased its position in shares of Toronto-Dominion Bank by 175.5% in the 3rd quarter. Quadrature Capital Ltd now owns 2,467,300 shares of the bank’s stock valued at $156,202,000 after purchasing an additional 1,571,700 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Toronto-Dominion Bank by 64.6% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,273,520 shares of the bank’s stock valued at $143,922,000 after purchasing an additional 892,183 shares during the last quarter. Finally, CIBC Asset Management Inc increased 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 last quarter. 52.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TD has been the topic of a number of recent analyst reports. Royal Bank of Canada dropped their price objective on shares of 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. StockNews.com raised shares of Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Jefferies Financial Group raised shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. 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. Finally, Bank of America raised shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research report on Friday, January 17th. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $80.50.

Toronto-Dominion Bank Trading Down 0.3 %

NYSE TD opened at $59.76 on Friday. 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 firm’s fifty day moving average price is $55.20 and its 200 day moving average price is $57.44. The company has a market capitalization of $104.62 billion, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 1.86 and a beta of 0.84. 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 paid a dividend of $0.7482 per share. The ex-dividend date was Friday, January 10th. This represents a $2.99 dividend on an annualized basis and a yield of 5.01%. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. Toronto-Dominion Bank’s dividend payout ratio is currently 84.15%.

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.