Asahi Life Asset Management CO. LTD. Buys Shares of 7,820 The Toronto-Dominion Bank (NYSE:TD)

Asahi Life Asset Management CO. LTD. bought a new stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) during the 4th quarter, Holdings Channel reports. The firm bought 7,820 shares of the bank’s stock, valued at approximately $416,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. The Manufacturers Life Insurance Company increased its position in shares of Toronto-Dominion Bank by 24.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 13,509,261 shares of the bank’s stock valued at $854,815,000 after purchasing an additional 2,689,532 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Toronto-Dominion Bank by 61.1% during the 3rd 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 purchasing an additional 2,279,864 shares during the last quarter. Quadrature Capital Ltd increased its position in shares of Toronto-Dominion Bank by 175.5% during the 3rd quarter. Quadrature Capital Ltd now owns 2,467,300 shares of the bank’s stock valued at $156,202,000 after purchasing an additional 1,571,700 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Toronto-Dominion Bank by 64.6% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,273,520 shares of the bank’s stock valued at $143,922,000 after purchasing an additional 892,183 shares during the last quarter. Finally, CIBC Asset Management Inc increased its position in shares of Toronto-Dominion Bank by 5.4% during the 3rd quarter. CIBC Asset Management Inc now owns 16,515,643 shares of the bank’s stock valued at $1,046,825,000 after purchasing an additional 853,313 shares during the last quarter. Institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Trading Up 0.2 %

Shares of TD opened at $59.89 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03. The Toronto-Dominion Bank has a 1 year low of $51.25 and a 1 year high of $64.91. The company has a 50 day simple moving average of $56.78 and a two-hundred day simple moving average of $57.64. The firm has a market cap of $104.94 billion, a P/E ratio of 17.26, a price-to-earnings-growth ratio of 1.95 and a beta of 0.84.

Toronto-Dominion Bank Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.7278 per share. This represents a $2.91 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 84.71%.

Wall Street Analysts Forecast Growth

TD has been the subject of several research reports. Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Bank of America raised shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. Royal Bank of Canada reduced their target price on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating for the company in a report on Friday, December 6th. StockNews.com lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Monday, February 24th. Finally, BMO Capital Markets raised shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. Two analysts have rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price 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.