Verition Fund Management LLC Purchases 1,429 Shares of The Toronto-Dominion Bank (NYSE:TD)

Verition Fund Management LLC increased its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 22.9% in the 3rd quarter, Holdings Channel reports. The firm owned 7,661 shares of the bank’s stock after buying an additional 1,429 shares during the quarter. Verition Fund Management LLC’s holdings in Toronto-Dominion Bank were worth $485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of TD. Mackenzie Financial Corp grew its stake in Toronto-Dominion Bank by 0.8% during the second quarter. Mackenzie Financial Corp now owns 25,997,122 shares of the bank’s stock worth $1,429,186,000 after buying an additional 218,807 shares during the last quarter. 1832 Asset Management L.P. increased its holdings in shares of Toronto-Dominion Bank by 6.0% in the second quarter. 1832 Asset Management L.P. now owns 25,803,480 shares of the bank’s stock valued at $1,418,159,000 after purchasing an additional 1,462,794 shares in the last quarter. CIBC Asset Management Inc increased its position in Toronto-Dominion Bank by 5.4% in the third quarter. CIBC Asset Management Inc now owns 16,515,643 shares of the bank’s stock worth $1,046,825,000 after purchasing an additional 853,313 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Toronto-Dominion Bank by 9.6% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 13,814,269 shares of the bank’s stock worth $759,449,000 after purchasing an additional 1,206,574 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Toronto-Dominion Bank by 24.9% during the third quarter. The Manufacturers Life Insurance Company now owns 13,509,261 shares of the bank’s stock worth $854,815,000 after buying an additional 2,689,532 shares during the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Performance

Shares of TD stock opened at $53.49 on Thursday. The company has a market capitalization of $93.62 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 1.79 and a beta of 0.82. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.02 and a current ratio of 1.02. The Toronto-Dominion Bank has a 52 week low of $51.74 and a 52 week high of $65.12. The company has a 50-day simple moving average of $56.88 and a 200 day simple moving average of $57.61.

Toronto-Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 10th will be paid a $0.7482 dividend. The ex-dividend date is Friday, January 10th. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. This represents a $2.99 annualized dividend and a dividend yield of 5.59%. Toronto-Dominion Bank’s dividend payout ratio is 89.34%.

Analyst Ratings Changes

A number of equities analysts have issued reports on TD shares. StockNews.com upgraded Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a report on Monday. National Bank Financial raised Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research report on Thursday, August 22nd. Royal Bank of Canada lowered their price target on shares of 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 lowered shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. Finally, Scotiabank downgraded Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus 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.