Royal London Asset Management Ltd. Purchases 2,120 Shares of The Toronto-Dominion Bank (NYSE:TD)

Royal London Asset Management Ltd. boosted its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 0.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 417,319 shares of the bank’s stock after purchasing an additional 2,120 shares during the period. Royal London Asset Management Ltd.’s holdings in Toronto-Dominion Bank were worth $22,218,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Dunhill Financial LLC grew its position in Toronto-Dominion Bank by 164.9% in the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock worth $25,000 after purchasing an additional 249 shares in the last quarter. Bank of Jackson Hole Trust bought a new stake in Toronto-Dominion Bank in the 4th quarter worth about $32,000. Versant Capital Management Inc grew its position 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 purchasing an additional 200 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Toronto-Dominion Bank in the 4th quarter worth about $51,000. Finally, Union Bancaire Privee UBP SA bought a new position in shares of Toronto-Dominion Bank during the 4th quarter valued at approximately $58,000. 52.37% of the stock is owned by institutional investors.

Toronto-Dominion Bank Stock Performance

Shares of TD stock opened at $59.50 on Friday. The stock has a market capitalization of $104.25 billion, a P/E ratio of 17.15, 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 firm’s 50 day moving average is $58.46 and its 200 day moving average is $57.64. The Toronto-Dominion Bank has a 12 month low of $51.25 and a 12 month high of $64.91.

Toronto-Dominion Bank Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be paid a $0.7278 dividend. This represents a $2.91 annualized dividend and a yield of 4.89%. The ex-dividend date of this dividend is Thursday, April 10th. Toronto-Dominion Bank’s dividend payout ratio is presently 85.29%.

Wall Street Analyst Weigh In

TD has been the subject of a number of research reports. BMO Capital Markets raised shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 19th. Jefferies Financial Group downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Desjardins downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. 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. Finally, StockNews.com downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average 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.