Guardian Partners Inc. Acquires New Holdings in The Toronto-Dominion Bank (NYSE:TD)

Guardian Partners Inc. acquired a new stake in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 707,525 shares of the bank’s stock, valued at approximately $38,332,000. Toronto-Dominion Bank accounts for about 3.9% of Guardian Partners Inc.’s portfolio, making the stock its 2nd biggest position.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Natixis Advisors LLC increased its position in Toronto-Dominion Bank by 65.4% in the 3rd quarter. Natixis Advisors LLC now owns 67,104 shares of the bank’s stock valued at $4,245,000 after acquiring an additional 26,522 shares during the period. Pathstone Holdings LLC increased its position in Toronto-Dominion Bank by 0.8% in the 3rd quarter. Pathstone Holdings LLC now owns 22,309 shares of the bank’s stock valued at $1,411,000 after acquiring an additional 184 shares during the period. Caprock Group LLC increased its position in Toronto-Dominion Bank by 6.2% in the 3rd quarter. Caprock Group LLC now owns 5,885 shares of the bank’s stock valued at $372,000 after acquiring an additional 343 shares during the period. Commerce Bank acquired a new position in Toronto-Dominion Bank in the 3rd quarter valued at approximately $207,000. Finally, Charles Schwab Investment Management Inc. increased its position in Toronto-Dominion Bank by 4.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,871,057 shares of the bank’s stock valued at $308,341,000 after acquiring an additional 221,574 shares during the period. Institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Trading Down 0.7 %

NYSE:TD opened at $59.50 on Friday. 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 stock has a market capitalization of $104.25 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 1.95 and a beta of 0.83. The firm has a fifty day simple moving average of $58.46 and a two-hundred day simple moving average of $57.63. 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be issued a $0.7278 dividend. This represents a $2.91 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank’s payout ratio is 85.29%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. BMO Capital Markets upgraded 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 cut shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Scotiabank cut shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, December 6th. 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. Finally, Royal Bank of Canada decreased their price objective on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating for the company in a research report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $80.50.

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.