The Toronto-Dominion Bank (NYSE:TD) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lessened its holdings in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 88.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,436 shares of the bank's stock after selling 18,191 shares during the quarter. BNP Paribas Financial Markets' holdings in Toronto-Dominion Bank were worth $154,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. D.A. Davidson & CO. boosted its holdings in Toronto-Dominion Bank by 2.6% in the third quarter. D.A. Davidson & CO. now owns 11,904 shares of the bank's stock valued at $753,000 after purchasing an additional 304 shares during the period. FMR LLC raised its position in Toronto-Dominion Bank by 9.9% in the 3rd quarter. FMR LLC now owns 6,553,761 shares of the bank's stock valued at $414,417,000 after purchasing an additional 587,947 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Toronto-Dominion Bank by 24.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 13,509,261 shares of the bank's stock valued at $854,815,000 after buying an additional 2,689,532 shares during the period. Horizon Kinetics Asset Management LLC grew its position in shares of Toronto-Dominion Bank by 41.8% during the third quarter. Horizon Kinetics Asset Management LLC now owns 30,100 shares of the bank's stock worth $1,904,000 after buying an additional 8,875 shares in the last quarter. Finally, Brown Brothers Harriman & Co. increased its stake in shares of Toronto-Dominion Bank by 20.2% during the third quarter. Brown Brothers Harriman & Co. now owns 3,138 shares of the bank's stock worth $199,000 after buying an additional 528 shares during the period. Hedge funds and other institutional investors own 52.37% of the company's stock.

Toronto-Dominion Bank Stock Down 1.4 %

NYSE:TD traded down $0.74 during midday trading on Wednesday, hitting $51.81. 2,109,194 shares of the company were exchanged, compared to its average volume of 2,715,971. The Toronto-Dominion Bank has a fifty-two week low of $51.63 and a fifty-two week high of $65.12. The company has a market capitalization of $90.68 billion, a PE ratio of 14.93, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.11. The company has a fifty day simple moving average of $55.62 and a 200 day simple moving average of $57.49.

Toronto-Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be given a dividend of $0.7482 per share. The ex-dividend date is Friday, January 10th. This represents a $2.99 dividend on an annualized basis and a dividend yield of 5.78%. This is a boost from Toronto-Dominion Bank's previous quarterly dividend of $0.74. Toronto-Dominion Bank's payout ratio is 89.34%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TD shares. Barclays downgraded shares of Toronto-Dominion Bank from an "equal weight" rating to an "underweight" rating in a research note on Thursday, November 21st. Scotiabank cut shares of Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating 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 note on Thursday, August 22nd. Jefferies Financial Group raised Toronto-Dominion Bank from a "hold" rating to a "buy" rating in a report on Thursday, December 12th. Finally, StockNews.com downgraded Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $80.50.

Toronto-Dominion Bank 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.