Avantax Advisory Services Inc. Has $480,000 Stake in The Toronto-Dominion Bank (NYSE:TD)

Avantax Advisory Services Inc. lessened its stake in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 47.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,010 shares of the bank's stock after selling 8,232 shares during the quarter. Avantax Advisory Services Inc.'s holdings in Toronto-Dominion Bank were worth $480,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TD. CIBC Asset Management Inc lifted its holdings in shares of Toronto-Dominion Bank by 0.4% during the 4th quarter. CIBC Asset Management Inc now owns 16,575,599 shares of the bank's stock valued at $882,241,000 after buying an additional 59,956 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Toronto-Dominion Bank by 24.9% in the third quarter. The Manufacturers Life Insurance Company now owns 13,509,261 shares of the bank's stock worth $854,815,000 after buying an additional 2,689,532 shares during the last quarter. Geode Capital Management LLC raised its position in Toronto-Dominion Bank by 6.4% during the third quarter. Geode Capital Management LLC now owns 7,962,173 shares of the bank's stock valued at $506,846,000 after acquiring an additional 479,624 shares in the last quarter. FMR LLC lifted its stake in Toronto-Dominion Bank by 9.9% in the third quarter. FMR LLC now owns 6,553,761 shares of the bank's stock valued at $414,417,000 after acquiring an additional 587,947 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in Toronto-Dominion Bank by 61.1% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,011,579 shares of the bank's stock worth $380,118,000 after acquiring an additional 2,279,864 shares in the last quarter. Hedge funds and other institutional investors own 52.37% of the company's stock.

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Toronto-Dominion Bank Stock Performance

Shares of Toronto-Dominion Bank stock traded down $0.15 during trading on Thursday, reaching $61.00. The company's stock had a trading volume of 2,704,548 shares, compared to its average volume of 2,320,708. The Toronto-Dominion Bank has a one year low of $51.25 and a one year high of $64.91. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market cap of $106.89 billion, a price-to-earnings ratio of 17.58, a price-to-earnings-growth ratio of 1.95 and a beta of 0.83. The business's fifty day moving average price is $58.82 and its 200-day moving average price is $57.65.

Toronto-Dominion Bank Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.7278 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.91 dividend on an annualized basis and a dividend yield of 4.77%. Toronto-Dominion Bank's dividend payout ratio (DPR) is presently 85.29%.

Wall Street Analyst Weigh In

TD has been the topic of a number of recent research reports. 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. Scotiabank lowered Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a report on Friday, December 6th. StockNews.com downgraded Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research note on Monday, February 24th. Jefferies Financial Group downgraded Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Finally, Bank of America raised Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research report on Friday, January 17th. Two equities 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 assigned a strong buy rating to the stock. According to data from MarketBeat, Toronto-Dominion Bank currently has an average rating of "Hold" and an average 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.