Bank of Jackson Hole Trust Takes Position in The Toronto-Dominion Bank (NYSE:TD)

Bank of Jackson Hole Trust acquired a new stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 605 shares of the bank’s stock, valued at approximately $32,000.

Other large investors also recently added to or reduced their stakes in the company. Dunhill Financial LLC grew its position in 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 buying an additional 249 shares during the period. Versant Capital Management Inc grew its position in Toronto-Dominion Bank by 40.0% during the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock valued at $37,000 after buying an additional 200 shares during the period. Morse Asset Management Inc bought a new stake in Toronto-Dominion Bank during the third quarter valued at approximately $63,000. Eastern Bank bought a new stake in Toronto-Dominion Bank during the third quarter valued at approximately $66,000. Finally, Union Bancaire Privee UBP SA bought a new stake in Toronto-Dominion Bank during the fourth quarter valued at approximately $58,000. 52.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on TD shares. Scotiabank lowered shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, December 6th. Barclays lowered shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research report on Thursday, November 21st. StockNews.com upgraded shares of Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Desjardins lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Finally, Bank of America upgraded shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $80.50.

Toronto-Dominion Bank Price Performance

Shares of NYSE:TD opened at $60.38 on Friday. 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 firm has a fifty day moving average price of $55.91 and a 200 day moving average price of $57.51. The Toronto-Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $64.91. The firm has a market cap of $105.68 billion, a price-to-earnings ratio of 17.40, a P/E/G ratio of 1.94 and a beta of 0.84.

Toronto-Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 10th were given a dividend of $0.7482 per share. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. The ex-dividend date was Friday, January 10th. This represents a $2.99 dividend on an annualized basis and a dividend yield of 4.96%. Toronto-Dominion Bank’s dividend 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.