The Toronto-Dominion Bank (NYSE:TD) Shares Purchased by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC increased its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 6.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,502 shares of the bank’s stock after acquiring an additional 334 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Toronto-Dominion Bank were worth $298,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Crews Bank & Trust acquired a new position in shares of Toronto-Dominion Bank during the 4th quarter valued at about $110,000. Hanson & Doremus Investment Management raised its holdings in Toronto-Dominion Bank by 4.8% in the 4th quarter. Hanson & Doremus Investment Management now owns 7,426 shares of the bank’s stock valued at $395,000 after buying an additional 340 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in Toronto-Dominion Bank in the 4th quarter valued at about $58,000. Blue Trust Inc. raised its holdings in Toronto-Dominion Bank by 9.1% in the 4th quarter. Blue Trust Inc. now owns 2,987 shares of the bank’s stock valued at $159,000 after buying an additional 250 shares during the period. Finally, Stablepoint Partners LLC raised its holdings in Toronto-Dominion Bank by 1.2% in the 4th quarter. Stablepoint Partners LLC now owns 72,870 shares of the bank’s stock valued at $3,880,000 after buying an additional 861 shares during the period. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Up 1.4 %

TD stock opened at $57.32 on Wednesday. The company’s 50 day moving average price is $54.72 and its 200 day moving average price is $57.38. 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 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 capitalization of $100.33 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 1.82 and a beta of 0.84.

Toronto-Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 10th were paid a dividend of $0.7482 per share. This represents a $2.99 dividend on an annualized basis and a dividend yield of 5.22%. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend was Friday, January 10th. Toronto-Dominion Bank’s dividend payout ratio is presently 84.15%.

Analysts Set New Price Targets

TD has been the topic of several research analyst reports. Desjardins lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Jefferies Financial Group upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a report on Thursday, December 12th. Scotiabank lowered shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a 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 note on Friday, January 17th. Finally, StockNews.com lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Friday, December 27th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average 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.