US Bancorp DE Purchases 2,977 Shares of The Toronto-Dominion Bank (NYSE:TD)

US Bancorp DE grew its position in shares of The Toronto-Dominion Bank (NYSE:TDGet Rating) (TSE:TD) by 12.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,521 shares of the bank’s stock after acquiring an additional 2,977 shares during the quarter. US Bancorp DE’s holdings in Toronto-Dominion Bank were worth $1,627,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Van ECK Associates Corp increased its holdings in shares of Toronto-Dominion Bank by 6.8% during the third quarter. Van ECK Associates Corp now owns 138,347 shares of the bank’s stock valued at $8,475,000 after acquiring an additional 8,773 shares in the last quarter. Financial Management Professionals Inc. grew its holdings in Toronto-Dominion Bank by 75.1% during the third quarter. Financial Management Professionals Inc. now owns 408 shares of the bank’s stock worth $25,000 after buying an additional 175 shares in the last quarter. Blue Chip Partners Inc. grew its holdings in Toronto-Dominion Bank by 3.8% during the third quarter. Blue Chip Partners Inc. now owns 4,664 shares of the bank’s stock worth $286,000 after buying an additional 171 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Toronto-Dominion Bank by 156.5% during the third quarter. Assenagon Asset Management S.A. now owns 53,184 shares of the bank’s stock worth $3,279,000 after buying an additional 32,450 shares in the last quarter. Finally, Veriti Management LLC grew its holdings in Toronto-Dominion Bank by 3.0% during the third quarter. Veriti Management LLC now owns 12,354 shares of the bank’s stock worth $758,000 after buying an additional 354 shares in the last quarter. Institutional investors own 49.22% of the company’s stock.

Toronto-Dominion Bank Stock Up 0.5 %

Shares of NYSE TD opened at $66.35 on Tuesday. The Toronto-Dominion Bank has a one year low of $57.27 and a one year high of $86.01. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.97 and a quick ratio of 0.97. The business’s fifty day moving average price is $65.73 and its 200-day moving average price is $64.73. The stock has a market capitalization of $120.88 billion, a PE ratio of 9.06, a P/E/G ratio of 1.28 and a beta of 0.89.

Toronto-Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Friday, January 6th will be given a dividend of $0.7081 per share. This represents a $2.83 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date is Thursday, January 5th. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.70. Toronto-Dominion Bank’s dividend payout ratio is currently 38.66%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Canaccord Genuity Group upgraded Toronto-Dominion Bank from a “hold” rating to a “buy” rating and upped their price target for the stock from C$95.00 to C$103.00 in a report on Monday, December 5th. Canaccord Genuity Group upgraded Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a report on Friday, December 2nd. National Bank Financial cut their price objective on Toronto-Dominion Bank from C$106.00 to C$103.00 in a research report on Friday, November 18th. Scotiabank cut their price objective on Toronto-Dominion Bank from C$103.00 to C$100.00 in a research report on Tuesday, December 20th. Finally, Credit Suisse Group boosted their price objective on Toronto-Dominion Bank from C$96.00 to C$98.00 in a research report on Friday, December 2nd. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Toronto-Dominion Bank has an average rating of “Hold” and a consensus price target of $101.00.

Toronto-Dominion Bank Profile

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The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking segments. The company offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; and financing options to customers at point of sale for automotive and recreational vehicle purchases.

Further Reading

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Institutional Ownership by Quarter for Toronto-Dominion Bank (NYSE:TD)

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