Ashton Thomas Private Wealth LLC trimmed its stake in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 56.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,501 shares of the bank's stock after selling 8,356 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in Toronto-Dominion Bank were worth $346,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in TD. Dunhill Financial LLC increased its position in Toronto-Dominion Bank by 164.9% in the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank's stock valued at $25,000 after acquiring an additional 249 shares during the period. Bank of Jackson Hole Trust acquired a new position in Toronto-Dominion Bank in the 4th quarter valued at approximately $32,000. Versant Capital Management Inc increased its position in 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. SBI Securities Co. Ltd. acquired a new position in Toronto-Dominion Bank in the 4th quarter valued at approximately $51,000. Finally, Union Bancaire Privee UBP SA acquired a new position in Toronto-Dominion Bank in the 4th quarter valued at approximately $58,000. 52.37% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research firms have recently commented on TD. Bank of America raised shares of Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Barclays lowered shares of Toronto-Dominion Bank from an "equal weight" rating to an "underweight" rating in a research note on Thursday, November 21st. Scotiabank lowered shares of Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a research note on Friday, December 6th. Finally, Royal Bank of Canada reduced their price objective on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a "sector perform" rating on the stock in a research note 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 issued a strong buy rating to the company's stock. According to MarketBeat, Toronto-Dominion Bank presently has an average rating of "Hold" and an average price target of $80.50.
Get Our Latest Report on Toronto-Dominion Bank
Toronto-Dominion Bank Stock Down 1.7 %
Shares of NYSE TD opened at $57.76 on Wednesday. The Toronto-Dominion Bank has a 12-month low of $51.25 and a 12-month high of $64.91. The firm has a market cap of $101.20 billion, a PE ratio of 16.64, a P/E/G ratio of 1.95 and a beta of 0.83. The company's fifty day simple moving average is $57.62 and its 200 day simple moving average is $57.63. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11.
Toronto-Dominion Bank Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be paid a $0.7278 dividend. This represents a $2.91 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date of this dividend is Thursday, April 10th. Toronto-Dominion Bank's dividend payout ratio (DPR) is 85.29%.
Toronto-Dominion Bank Company Profile
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Free Report)
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.
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Want to see what other hedge funds are holding TD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD.
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