Beaton Management Co. Inc. Lowers Position in The Toronto-Dominion Bank (NYSE:TD)

Beaton Management Co. Inc. lessened its position in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 8.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,672 shares of the bank's stock after selling 6,855 shares during the period. Toronto-Dominion Bank accounts for about 2.0% of Beaton Management Co. Inc.'s portfolio, making the stock its 13th biggest holding. Beaton Management Co. Inc.'s holdings in Toronto-Dominion Bank were worth $4,029,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Dunhill Financial LLC increased its stake in shares of Toronto-Dominion Bank by 164.9% in the third quarter. Dunhill Financial LLC now owns 400 shares of the bank's stock valued at $25,000 after buying an additional 249 shares during the period. Versant Capital Management Inc increased its stake in shares of Toronto-Dominion Bank by 40.0% in the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank's stock valued at $37,000 after buying an additional 200 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in shares of Toronto-Dominion Bank in the fourth quarter valued at about $58,000. Morse Asset Management Inc acquired a new stake in shares of Toronto-Dominion Bank in the third quarter valued at about $63,000. Finally, Eastern Bank acquired a new stake in shares of Toronto-Dominion Bank in the third quarter valued at about $66,000. Institutional investors and hedge funds own 52.37% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Bank of America raised Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. StockNews.com raised Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a research note on Wednesday, February 5th. Scotiabank lowered Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a research report on Friday, December 6th. Desjardins lowered Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Friday, December 6th. Finally, BMO Capital Markets upgraded Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $80.50.

Toronto-Dominion Bank Stock Down 0.9 %

NYSE:TD traded down $0.54 on Friday, hitting $59.82. The stock had a trading volume of 1,018,996 shares, compared to its average volume of 2,672,406. The business's fifty day moving average is $56.04 and its 200 day moving average is $57.54. The company has a market cap of $104.71 billion, a PE ratio of 17.24, a P/E/G ratio of 1.94 and a beta of 0.84. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11. The Toronto-Dominion Bank has a 52 week low of $51.25 and a 52 week high of $64.91.

Toronto-Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were issued a $0.7482 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $2.99 annualized dividend and a yield of 5.00%. This is a positive change from Toronto-Dominion Bank's previous quarterly dividend of $0.74. Toronto-Dominion Bank's dividend payout ratio is presently 83.86%.

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.