Skandinaviska Enskilda Banken AB publ Acquires 4,471 Shares of The Toronto-Dominion Bank (NYSE:TD)

Skandinaviska Enskilda Banken AB publ increased its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 235,623 shares of the bank’s stock after purchasing an additional 4,471 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Toronto-Dominion Bank were worth $12,514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Asahi Life Asset Management CO. LTD. bought a new position in Toronto-Dominion Bank in the fourth quarter valued at about $416,000. Cerity Partners LLC lifted its holdings in Toronto-Dominion Bank by 57.1% in the third quarter. Cerity Partners LLC now owns 26,755 shares of the bank’s stock valued at $1,693,000 after acquiring an additional 9,725 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Toronto-Dominion Bank by 1.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,761,308 shares of the bank’s stock valued at $617,166,000 after acquiring an additional 144,427 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Toronto-Dominion Bank by 61.1% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,011,579 shares of the bank’s stock valued at $380,118,000 after acquiring an additional 2,279,864 shares during the period. Finally, FMR LLC lifted its holdings in Toronto-Dominion Bank by 9.9% in the third quarter. FMR LLC now owns 6,553,761 shares of the bank’s stock valued at $414,417,000 after acquiring an additional 587,947 shares during the period. 52.37% of the stock is owned by institutional investors.

Toronto-Dominion Bank Stock Performance

NYSE:TD opened at $58.95 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 Toronto-Dominion Bank has a 12-month low of $51.25 and a 12-month high of $64.91. The stock has a 50-day moving average price of $57.92 and a 200 day moving average price of $57.64. The stock has a market capitalization of $103.30 billion, a P/E ratio of 16.99, a P/E/G ratio of 1.95 and a beta of 0.83.

Toronto-Dominion Bank Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be given a dividend of $0.7278 per share. This represents a $2.91 annualized dividend and a dividend yield of 4.94%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank’s dividend payout ratio is currently 85.29%.

Analyst Ratings Changes

A number of research firms have weighed in on TD. Barclays downgraded Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. Bank of America raised Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. BMO Capital Markets raised Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 19th. StockNews.com downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Monday, February 24th. Finally, Desjardins downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Toronto-Dominion Bank currently has a consensus rating of “Hold” and an average price target 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.