Murphy & Mullick Capital Management Corp Purchases Shares of 726 The Toronto-Dominion Bank (NYSE:TD)

Murphy & Mullick Capital Management Corp purchased a new position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) during the fourth quarter, Holdings Channel.com reports. The fund purchased 726 shares of the bank’s stock, valued at approximately $39,000.

Several other hedge funds have also recently modified their holdings of the stock. Dunhill Financial LLC grew its position in Toronto-Dominion Bank by 164.9% during the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock worth $25,000 after purchasing an additional 249 shares during the last quarter. Lee Danner & Bass Inc. acquired a new stake in shares of Toronto-Dominion Bank during the fourth quarter worth $27,000. Bank of Jackson Hole Trust purchased a new stake in shares of Toronto-Dominion Bank during the fourth quarter valued at $32,000. Versant Capital Management Inc increased its position in shares of Toronto-Dominion Bank by 40.0% in the 4th 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. Finally, SBI Securities Co. Ltd. purchased a new position in Toronto-Dominion Bank in the 4th quarter worth $51,000. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto-Dominion Bank Trading Down 0.2 %

Toronto-Dominion Bank stock opened at $61.00 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11. The firm has a market cap of $106.89 billion, a PE ratio of 17.58, a P/E/G ratio of 1.95 and a beta of 0.83. The stock’s 50 day simple moving average is $58.94 and its two-hundred day simple moving average is $57.67. The Toronto-Dominion Bank has a 12 month low of $51.25 and a 12 month high of $64.91.

Toronto-Dominion Bank Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be given a dividend of $0.7278 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.91 annualized dividend and a yield of 4.77%. Toronto-Dominion Bank’s dividend payout ratio is presently 85.29%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Scotiabank downgraded Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research note on Friday, December 6th. BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. 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. Finally, Desjardins cut shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price 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.