Payden & Rygel Invests $14.90 Million in Toronto Dominion Bank (The) (NYSE:TD) Stock

Payden & Rygel acquired a new stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 264,800 shares of the bank’s stock, valued at approximately $14,900,000. Toronto Dominion Bank makes up 1.5% of Payden & Rygel’s holdings, making the stock its 28th biggest holding.

Other institutional investors have also bought and sold shares of the company. Parallel Advisors LLC increased its position in shares of Toronto Dominion Bank by 10.0% during the second quarter. Parallel Advisors LLC now owns 2,151 shares of the bank’s stock worth $111,000 after purchasing an additional 196 shares in the last quarter. Advisory Services Network LLC increased its position in shares of Toronto Dominion Bank by 26.1% during the second quarter. Advisory Services Network LLC now owns 2,353 shares of the bank’s stock worth $119,000 after purchasing an additional 487 shares in the last quarter. Ropes Wealth Advisors LLC increased its position in shares of Toronto Dominion Bank by 18.8% during the second quarter. Ropes Wealth Advisors LLC now owns 2,376 shares of the bank’s stock worth $120,000 after purchasing an additional 376 shares in the last quarter. Teachers Advisors LLC increased its position in shares of Toronto Dominion Bank by 3.7% during the second quarter. Teachers Advisors LLC now owns 2,556 shares of the bank’s stock worth $129,000 after purchasing an additional 92 shares in the last quarter. Finally, Proficio Capital Partners LLC increased its position in shares of Toronto Dominion Bank by 31.8% during the second quarter. Proficio Capital Partners LLC now owns 2,752 shares of the bank’s stock worth $141,000 after purchasing an additional 664 shares in the last quarter. Institutional investors and hedge funds own 48.75% of the company’s stock.

Shares of Toronto Dominion Bank (TD) traded up $0.18 during trading hours on Friday, reaching $58.58. The company’s stock had a trading volume of 1,041,936 shares, compared to its average volume of 925,081. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.18. The stock has a market cap of $107,600.25, a PE ratio of 13.91, a P/E/G ratio of 1.58 and a beta of 0.88. Toronto Dominion Bank has a 12 month low of $45.18 and a 12 month high of $58.76.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 10th will be issued a $0.466 dividend. This represents a $1.86 annualized dividend and a yield of 3.18%. The ex-dividend date is Tuesday, January 9th. Toronto Dominion Bank’s payout ratio is currently 44.18%.

Several analysts recently commented on the company. Zacks Investment Research cut Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Saturday, December 2nd. Canaccord Genuity reiterated a “buy” rating and set a $80.00 price target on shares of Toronto Dominion Bank in a research report on Thursday, November 30th. Scotiabank reiterated a “buy” rating and set a $83.00 price target on shares of Toronto Dominion Bank in a research report on Wednesday, November 22nd. Macquarie assumed coverage on Toronto Dominion Bank in a research report on Tuesday, October 24th. They set an “outperform” rating for the company. Finally, Bank of America reiterated a “buy” rating on shares of Toronto Dominion Bank in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $72.50.

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Toronto Dominion Bank Profile

Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.

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

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