AlphaMark Advisors LLC Buys New Position in The Toronto-Dominion Bank (NYSE:TD)

AlphaMark Advisors LLC purchased a new position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) during the fourth quarter, Holdings Channel.com reports. The fund purchased 7,100 shares of the bank’s stock, valued at approximately $378,000.

Other institutional investors also recently made changes to their positions in the company. Dunhill Financial LLC increased its stake in shares of Toronto-Dominion Bank by 164.9% during the third quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock valued at $25,000 after acquiring an additional 249 shares during the period. Versant Capital Management Inc increased its position in shares of Toronto-Dominion Bank by 40.0% during the 4th quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock valued at $37,000 after purchasing an additional 200 shares during the period. Kimelman & Baird LLC bought a new stake in shares of Toronto-Dominion Bank in the 2nd quarter worth $49,000. Morse Asset Management Inc acquired a new stake in shares of Toronto-Dominion Bank in the third quarter valued at $63,000. Finally, Eastern Bank acquired a new position in Toronto-Dominion Bank during the third quarter worth about $66,000. 52.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TD has been the subject of a number of research analyst reports. Jefferies Financial Group raised shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a report on Thursday, December 12th. StockNews.com cut shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Friday, December 27th. Scotiabank cut Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday, December 6th. Bank of America raised Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. Finally, Desjardins lowered Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $80.50.

Toronto-Dominion Bank Stock Performance

Shares of TD opened at $57.27 on Friday. The company has a market capitalization of $100.25 billion, a PE ratio of 16.50, a PEG ratio of 1.82 and a beta of 0.83. 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 company’s 50 day moving average price is $54.57 and its 200 day moving average price is $57.37. The Toronto-Dominion Bank has a 52 week low of $51.25 and a 52 week high of $64.91.

Toronto-Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be issued a dividend of $0.7482 per share. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. This represents a $2.99 annualized dividend and a dividend yield of 5.23%. The ex-dividend date of this dividend is Friday, January 10th. Toronto-Dominion Bank’s payout ratio is currently 84.15%.

Toronto-Dominion Bank Company 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.