Claret Asset Management Corp Has $6.64 Million Stock Position in The Toronto-Dominion Bank (NYSE:TD)

Claret Asset Management Corp boosted its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 106.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 124,751 shares of the bank’s stock after acquiring an additional 64,399 shares during the period. Toronto-Dominion Bank accounts for about 1.0% of Claret Asset Management Corp’s portfolio, making the stock its 24th biggest position. Claret Asset Management Corp’s holdings in Toronto-Dominion Bank were worth $6,638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Norges Bank purchased a new stake in shares of Toronto-Dominion Bank during the 4th quarter valued at $992,204,000. FIL Ltd boosted its holdings in Toronto-Dominion Bank by 17.3% in the 4th quarter. FIL Ltd now owns 38,989,749 shares of the bank’s stock valued at $2,075,819,000 after purchasing an additional 5,756,584 shares during the period. Geode Capital Management LLC raised its stake in Toronto-Dominion Bank by 32.2% in the fourth quarter. Geode Capital Management LLC now owns 10,526,821 shares of the bank’s stock valued at $569,878,000 after purchasing an additional 2,564,648 shares in the last quarter. Vanguard Group Inc. lifted its position in Toronto-Dominion Bank by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 74,118,551 shares of the bank’s stock worth $3,946,072,000 after buying an additional 1,415,934 shares during the last quarter. Finally, Guardian Partners Inc. purchased a new stake in Toronto-Dominion Bank during the 4th quarter valued at about $38,332,000. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Up 0.4 %

TD stock opened at $60.67 on Friday. The stock has a market capitalization of $106.31 billion, a P/E ratio of 17.48, a P/E/G ratio of 1.95 and a beta of 0.73. The firm has a 50-day simple moving average of $59.25 and a 200-day simple moving average of $57.17. The Toronto-Dominion Bank has a 52 week low of $51.25 and a 52 week high of $64.91. 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 firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be paid a $0.7278 dividend. This represents a $2.91 annualized dividend and a dividend yield of 4.80%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 85.59%.

Analyst Ratings Changes

TD has been the subject of a number of analyst reports. Jefferies Financial Group lowered Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. StockNews.com lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Monday, February 24th. Finally, Bank of America raised 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 given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently 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.