Barclays PLC Trims Position in The Toronto-Dominion Bank (NYSE:TD)

Barclays PLC lessened its stake in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 16.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 205,637 shares of the bank's stock after selling 41,242 shares during the quarter. Barclays PLC's holdings in Toronto-Dominion Bank were worth $13,008,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. SG Americas Securities LLC purchased a new stake in Toronto-Dominion Bank in the 2nd quarter valued at approximately $130,000. Assenagon Asset Management S.A. grew its holdings in Toronto-Dominion Bank by 1.6% during the second quarter. Assenagon Asset Management S.A. now owns 88,774 shares of the bank's stock worth $4,879,000 after acquiring an additional 1,373 shares during the period. Blue Trust Inc. raised its position in Toronto-Dominion Bank by 50.7% in the second quarter. Blue Trust Inc. now owns 630 shares of the bank's stock worth $38,000 after acquiring an additional 212 shares in the last quarter. Legacy Capital Group California Inc. lifted its holdings in Toronto-Dominion Bank by 7.5% in the second quarter. Legacy Capital Group California Inc. now owns 4,595 shares of the bank's stock valued at $253,000 after acquiring an additional 322 shares during the period. Finally, NewSquare Capital LLC lifted its holdings in Toronto-Dominion Bank by 4.7% in the second quarter. NewSquare Capital LLC now owns 126,283 shares of the bank's stock valued at $6,845,000 after acquiring an additional 5,614 shares during the period. 52.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TD. Scotiabank downgraded shares of Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a report on Friday, December 6th. Royal Bank of Canada lowered their target price on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a "sector perform" rating on the stock in a research report on Friday, December 6th. National Bank Financial upgraded shares of Toronto-Dominion Bank from an "underperform" rating to a "sector perform" rating in a research report on Thursday, August 22nd. Barclays cut Toronto-Dominion Bank from an "equal weight" rating to an "underweight" rating in a report on Thursday, November 21st. Finally, Desjardins cut Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $80.50.

Toronto-Dominion Bank Price Performance

Shares of Toronto-Dominion Bank stock traded down $0.15 during trading on Monday, hitting $53.10. 1,210,306 shares of the company were exchanged, compared to its average volume of 2,723,999. The Toronto-Dominion Bank has a fifty-two week low of $51.74 and a fifty-two week high of $65.12. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.11. The firm has a 50 day moving average price of $56.07 and a 200 day moving average price of $57.55. The stock has a market capitalization of $92.94 billion, a price-to-earnings ratio of 15.30, a P/E/G ratio of 1.69 and a beta of 0.82.

Toronto-Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be issued a $0.7482 dividend. This represents a $2.99 dividend on an annualized basis and a dividend yield of 5.64%. This is a boost from Toronto-Dominion Bank's previous quarterly dividend of $0.74. The ex-dividend date of this dividend is Friday, January 10th. Toronto-Dominion Bank's payout ratio is 87.03%.

Toronto-Dominion Bank Company Profile

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.