Brinker Capital Investments LLC Has $1.27 Million Stock Position in The Toronto-Dominion Bank (NYSE:TD)

Brinker Capital Investments LLC lifted its stake in The Toronto-Dominion Bank (NYSE:TDGet Rating) (TSE:TD) by 16.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,758 shares of the bank’s stock after acquiring an additional 2,964 shares during the period. Brinker Capital Investments LLC’s holdings in Toronto-Dominion Bank were worth $1,273,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Fairfield Bush & CO. acquired a new stake in Toronto-Dominion Bank during the first quarter worth $26,000. Financial Management Professionals Inc. lifted its holdings in shares of Toronto-Dominion Bank by 75.1% during the third quarter. Financial Management Professionals Inc. now owns 408 shares of the bank’s stock valued at $25,000 after acquiring an additional 175 shares during the period. HHM Wealth Advisors LLC bought a new position in shares of Toronto-Dominion Bank during the second quarter valued at $27,000. Northwest Investment Counselors LLC bought a new position in shares of Toronto-Dominion Bank during the second quarter valued at $31,000. Finally, Pinebridge Investments L.P. lifted its holdings in shares of Toronto-Dominion Bank by 52.8% during the second quarter. Pinebridge Investments L.P. now owns 541 shares of the bank’s stock valued at $46,000 after acquiring an additional 187 shares during the period. Institutional investors and hedge funds own 49.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TD shares. StockNews.com started coverage on Toronto-Dominion Bank in a report on Wednesday, October 12th. They set a “hold” rating for the company. Credit Suisse Group lifted their price objective on Toronto-Dominion Bank from C$96.00 to C$98.00 in a report on Friday, December 2nd. Canaccord Genuity Group raised Toronto-Dominion Bank from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$95.00 to C$103.00 in a report on Monday, December 5th. National Bank Financial cut their price objective on Toronto-Dominion Bank from C$106.00 to C$103.00 in a report on Friday, November 18th. Finally, Canaccord Genuity Group raised Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a report on Friday, December 2nd. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $101.00.

Toronto-Dominion Bank Stock Performance

Toronto-Dominion Bank stock opened at $66.65 on Friday. The stock has a 50-day simple moving average of $65.76 and a 200 day simple moving average of $64.76. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.11. The Toronto-Dominion Bank has a 12-month low of $57.27 and a 12-month high of $86.01. The stock has a market capitalization of $121.43 billion, a price-to-earnings ratio of 9.11, a P/E/G ratio of 1.28 and a beta of 0.89.

Toronto-Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Friday, January 6th will be issued a dividend of $0.7081 per share. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.70. This represents a $2.83 annualized dividend and a yield of 4.25%. The ex-dividend date of this dividend is Thursday, January 5th. Toronto-Dominion Bank’s payout ratio is currently 38.66%.

Toronto-Dominion Bank Company Profile

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The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking segments. The company offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; and financing options to customers at point of sale for automotive and recreational vehicle purchases.

Further Reading

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Institutional Ownership by Quarter for Toronto-Dominion Bank (NYSE:TD)

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