Lee Danner & Bass Inc. Makes New Investment in The Toronto-Dominion Bank (NYSE:TD)

Lee Danner & Bass Inc. purchased a new stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 500 shares of the bank’s stock, valued at approximately $27,000.

Other institutional investors have also recently made changes to their positions in the company. Dunhill Financial LLC grew its holdings 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 buying an additional 249 shares during the last quarter. Bank of Jackson Hole Trust purchased a new stake in shares of Toronto-Dominion Bank during the fourth quarter valued at approximately $32,000. Versant Capital Management Inc boosted its holdings in Toronto-Dominion Bank by 40.0% in the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock worth $37,000 after purchasing an additional 200 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Toronto-Dominion Bank in the fourth quarter worth approximately $51,000. Finally, Morse Asset Management Inc purchased a new stake in Toronto-Dominion Bank in the third quarter worth approximately $63,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Performance

Shares of NYSE:TD opened at $59.50 on Monday. The Toronto-Dominion Bank has a 52 week low of $51.25 and a 52 week high of $64.91. The stock has a market capitalization of $104.25 billion, a P/E 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 $57.62. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11.

Toronto-Dominion Bank Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be paid a dividend of $0.7278 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.91 dividend on an annualized basis and a dividend yield of 4.89%. Toronto-Dominion Bank’s dividend payout ratio is presently 85.29%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group cut shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, February 18th. Desjardins downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. 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 on the stock in a research report on Friday, December 6th. StockNews.com downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Monday, February 24th. Finally, Bank of America upgraded shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target 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.