Numerai GP LLC Has $2.41 Million Holdings in The Toronto-Dominion Bank (NYSE:TD)

Numerai GP LLC boosted its stake in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 504.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,329 shares of the bank’s stock after buying an additional 37,834 shares during the quarter. Numerai GP LLC’s holdings in Toronto-Dominion Bank were worth $2,413,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of TD. Lee Danner & Bass Inc. bought a new position in shares of Toronto-Dominion Bank in the fourth quarter valued at approximately $27,000. Bank of Jackson Hole Trust bought a new stake in Toronto-Dominion Bank during the 4th quarter worth approximately $32,000. CoreCap Advisors LLC increased its holdings in Toronto-Dominion Bank by 57.5% during the 4th quarter. CoreCap Advisors LLC now owns 630 shares of the bank’s stock valued at $34,000 after purchasing an additional 230 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new position in Toronto-Dominion Bank in the 4th quarter valued at $39,000. Finally, SBI Securities Co. Ltd. bought a new position in Toronto-Dominion Bank in the 4th quarter valued at $51,000. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto-Dominion Bank Price Performance

Shares of TD stock opened at $63.96 on Wednesday. The firm has a market cap of $111.03 billion, a price-to-earnings ratio of 18.43, a PEG ratio of 1.95 and a beta of 0.81. The Toronto-Dominion Bank has a 12 month low of $51.25 and a 12 month 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. The stock has a 50-day moving average price of $60.35 and a 200 day moving average price of $57.61.

Toronto-Dominion Bank Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th were paid a $0.7278 dividend. This represents a $2.91 annualized dividend and a dividend yield of 4.55%. The ex-dividend date of this dividend was Thursday, April 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 85.59%.

Analyst Upgrades and Downgrades

TD has been the subject of a number of research reports. StockNews.com lowered Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Monday, February 24th. Bank of America raised shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. Finally, Jefferies Financial Group downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average 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.