The Toronto-Dominion Bank (NYSE:TD) Shares Purchased by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 1.3% in the 4th quarter, HoldingsChannel reports. The firm owned 290,664 shares of the bank’s stock after purchasing an additional 3,600 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Toronto-Dominion Bank were worth $15,467,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Royal London Asset Management Ltd. grew its stake in Toronto-Dominion Bank by 0.5% during the 4th quarter. Royal London Asset Management Ltd. now owns 417,319 shares of the bank’s stock worth $22,218,000 after purchasing an additional 2,120 shares in the last quarter. Maryland State Retirement & Pension System grew its stake in Toronto-Dominion Bank by 1.9% during the 4th quarter. Maryland State Retirement & Pension System now owns 157,036 shares of the bank’s stock worth $8,355,000 after purchasing an additional 2,875 shares in the last quarter. Generali Asset Management SPA SGR acquired a new position in Toronto-Dominion Bank during the 4th quarter worth $6,720,000. Mystic Asset Management Inc. acquired a new position in Toronto-Dominion Bank during the 4th quarter worth $422,000. Finally, Horizon Kinetics Asset Management LLC lifted its holdings in Toronto-Dominion Bank by 2.8% during the 4th quarter. Horizon Kinetics Asset Management LLC now owns 30,950 shares of the bank’s stock worth $1,648,000 after buying an additional 850 shares during the last quarter. 52.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TD. Bank of America raised Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. Desjardins downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Barclays downgraded Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. Scotiabank downgraded Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday, December 6th. Finally, BMO Capital Markets raised Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $80.50.

Toronto-Dominion Bank Stock Performance

Toronto-Dominion Bank stock opened at $59.96 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a fifty day moving average of $58.35 and a two-hundred day moving average of $57.64. The company has a market capitalization of $105.07 billion, a price-to-earnings ratio of 17.28, a PEG ratio of 1.95 and a beta of 0.83. The Toronto-Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $64.91.

Toronto-Dominion Bank Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.7278 per share. This represents a $2.91 annualized dividend and a dividend yield of 4.85%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 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.