Central Pacific Bank Trust Division Acquires Shares of 3,567 The Toronto-Dominion Bank (NYSE:TD)

Central Pacific Bank Trust Division bought a new position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 3,567 shares of the bank’s stock, valued at approximately $190,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC increased its position in shares of Toronto-Dominion Bank by 2.4% during the 3rd quarter. CWM LLC now owns 7,208 shares of the bank’s stock valued at $456,000 after purchasing an additional 170 shares during the last quarter. Pathstone Holdings LLC grew its position in Toronto-Dominion Bank by 0.8% during the third quarter. Pathstone Holdings LLC now owns 22,309 shares of the bank’s stock valued at $1,411,000 after buying an additional 184 shares during the period. Passumpsic Savings Bank increased its holdings in Toronto-Dominion Bank by 2.6% during the third quarter. Passumpsic Savings Bank now owns 7,530 shares of the bank’s stock worth $476,000 after buying an additional 194 shares during the last quarter. Versant Capital Management Inc raised its position 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 acquiring an additional 200 shares during the period. Finally, Hexagon Capital Partners LLC boosted its stake in Toronto-Dominion Bank by 18.5% in the third quarter. Hexagon Capital Partners LLC now owns 1,337 shares of the bank’s stock valued at $85,000 after acquiring an additional 209 shares during the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. StockNews.com cut shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Friday, December 27th. Jefferies Financial Group upgraded Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Barclays downgraded Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. Royal Bank of Canada lowered their price objective on Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating on the stock in a research note on Friday, December 6th. Finally, 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. Two investment analysts have rated the stock with a sell rating, five have assigned 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 presently has an average rating of “Hold” and an average target price of $80.50.

Toronto-Dominion Bank Stock Up 1.3 %

Shares of NYSE TD opened at $53.81 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.11. The company has a market cap of $94.18 billion, a P/E ratio of 15.51, a P/E/G ratio of 1.69 and a beta of 0.82. The Toronto-Dominion Bank has a 52 week low of $51.25 and a 52 week high of $65.12. The business has a 50-day simple moving average of $54.67 and a two-hundred day simple moving average of $57.29.

Toronto-Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 10th will be paid a dividend of $0.7482 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $2.99 annualized dividend and a yield of 5.56%. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. Toronto-Dominion Bank’s payout ratio is currently 89.34%.

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.