Dynamic Technology Lab Private Ltd Makes New $1.69 Million Investment in The Toronto-Dominion Bank (NYSE:TD)

Dynamic Technology Lab Private Ltd purchased a new stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 31,664 shares of the bank’s stock, valued at approximately $1,686,000.

Several other hedge funds have also made changes to their positions in TD. Dunhill Financial LLC raised its stake in Toronto-Dominion Bank by 164.9% during the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock valued at $25,000 after purchasing an additional 249 shares during the period. Lee Danner & Bass Inc. purchased a new position in shares of Toronto-Dominion Bank during the fourth quarter valued at $27,000. Bank of Jackson Hole Trust acquired a new position in Toronto-Dominion Bank during the fourth quarter valued at $32,000. Versant Capital Management Inc lifted its stake in Toronto-Dominion Bank by 40.0% in the 4th quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock worth $37,000 after acquiring an additional 200 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in Toronto-Dominion Bank during the 4th quarter worth about $39,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Down 2.7 %

TD stock opened at $57.10 on Friday. The firm has a market cap of $100.06 billion, a PE ratio of 16.46, a PEG ratio of 1.95 and a beta of 0.73. The Toronto-Dominion Bank has a 1 year low of $51.25 and a 1 year high of $64.91. The company has a fifty day simple moving average of $59.17 and a 200 day simple moving average of $57.56. 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 Cuts Dividend

The business 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 dividend of $0.7278 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.91 annualized dividend and a dividend yield of 5.10%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 85.29%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on TD shares. StockNews.com downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Monday, February 24th. 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. Desjardins lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Jefferies Financial Group downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Finally, Bank of America raised Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research report on Friday, January 17th. Two analysts have rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $80.50.

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.