Bank of New Hampshire Acquires 2,496 Shares of The Toronto-Dominion Bank (NYSE:TD)

Bank of New Hampshire increased its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 499.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,996 shares of the bank’s stock after purchasing an additional 2,496 shares during the quarter. Bank of New Hampshire’s holdings in Toronto-Dominion Bank were worth $160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Dunhill Financial LLC boosted its stake in shares of Toronto-Dominion Bank by 164.9% in the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock worth $25,000 after buying an additional 249 shares during the last quarter. Versant Capital Management Inc lifted its holdings in Toronto-Dominion Bank by 40.0% in the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock valued at $37,000 after acquiring an additional 200 shares during the period. Kimelman & Baird LLC purchased a new position in Toronto-Dominion Bank in the second quarter worth about $49,000. Morse Asset Management Inc bought a new stake in shares of Toronto-Dominion Bank during the 3rd quarter valued at about $63,000. Finally, Eastern Bank bought a new position in shares of Toronto-Dominion Bank in the 3rd quarter worth approximately $66,000. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Stock Performance

NYSE:TD opened at $54.68 on Wednesday. The stock has a 50-day moving average price of $54.62 and a 200 day moving average price of $57.34. The stock has a market capitalization of $95.71 billion, a P/E ratio of 15.76, a P/E/G ratio of 1.69 and a beta of 0.83. The Toronto-Dominion Bank has a 12-month low of $51.25 and a 12-month high of $65.12. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.11.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 10th will be issued a dividend of $0.7482 per share. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. This represents a $2.99 dividend on an annualized basis and a yield of 5.47%. The ex-dividend date of this dividend is Friday, January 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 89.34%.

Wall Street Analyst Weigh In

TD has been the subject of a number of research reports. Barclays cut shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. StockNews.com cut Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Friday, December 27th. BMO Capital Markets raised Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. Jefferies Financial Group raised Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Finally, Desjardins lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Two analysts have rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus 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.