7,925 Shares in The Toronto-Dominion Bank (NYSE:TD) Purchased by Mystic Asset Management Inc.

Mystic Asset Management Inc. bought a new position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,925 shares of the bank’s stock, valued at approximately $422,000.

Other hedge funds have also recently bought and sold shares of the company. Asahi Life Asset Management CO. LTD. acquired a new position in Toronto-Dominion Bank during the fourth quarter worth about $416,000. Cerity Partners LLC grew its holdings in Toronto-Dominion Bank by 57.1% during the third quarter. Cerity Partners LLC now owns 26,755 shares of the bank’s stock worth $1,693,000 after acquiring an additional 9,725 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in 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. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Toronto-Dominion Bank by 61.1% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,011,579 shares of the bank’s stock worth $380,118,000 after acquiring an additional 2,279,864 shares during the period. Finally, FMR LLC grew its holdings in Toronto-Dominion Bank by 9.9% during the third quarter. FMR LLC now owns 6,553,761 shares of the bank’s stock worth $414,417,000 after acquiring an additional 587,947 shares during the period. 52.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TD. Royal Bank of Canada dropped their price target on Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating on the stock in a research note on Friday, December 6th. Barclays cut Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. Scotiabank cut Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research note on Friday, December 6th. Jefferies Financial Group cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Finally, BMO Capital Markets raised Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Toronto-Dominion Bank currently has a consensus rating of “Hold” and a consensus price target of $80.50.

Toronto-Dominion Bank Trading Down 0.1 %

Shares of NYSE TD opened at $59.67 on Wednesday. The Toronto-Dominion Bank has a one year low of $51.25 and a one year high of $64.91. The firm has a market capitalization of $104.55 billion, a PE ratio of 17.20, a PEG ratio of 1.95 and a beta of 0.83. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11. The business has a 50-day moving average price of $58.12 and a two-hundred day moving average price of $57.61.

Toronto-Dominion Bank Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be given a dividend of $0.7278 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.91 dividend on an annualized basis and a yield of 4.88%. Toronto-Dominion Bank’s payout ratio is presently 85.29%.

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.