Candriam S.C.A. Has $19.29 Million Stock Holdings in The Toronto-Dominion Bank (NYSE:TD)

Candriam S.C.A. lowered its position in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 8.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 362,475 shares of the bank's stock after selling 34,868 shares during the quarter. Candriam S.C.A.'s holdings in Toronto-Dominion Bank were worth $19,288,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in TD. Wealth Enhancement Advisory Services LLC increased its position in shares of Toronto-Dominion Bank by 16.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,895 shares of the bank's stock worth $436,000 after acquiring an additional 992 shares in the last quarter. US Bancorp DE boosted its position in Toronto-Dominion Bank by 3.2% during the 3rd quarter. US Bancorp DE now owns 17,396 shares of the bank's stock worth $1,100,000 after purchasing an additional 535 shares during the period. Crestwood Advisors Group LLC increased its holdings in Toronto-Dominion Bank by 7.1% in the 3rd quarter. Crestwood Advisors Group LLC now owns 3,898 shares of the bank's stock valued at $247,000 after purchasing an additional 258 shares in the last quarter. Radnor Capital Management LLC purchased a new position in Toronto-Dominion Bank in the third quarter valued at about $1,047,000. Finally, Fiera Capital Corp lifted its stake in shares of Toronto-Dominion Bank by 1.2% during the third quarter. Fiera Capital Corp now owns 5,825,506 shares of the bank's stock worth $368,844,000 after purchasing an additional 66,436 shares in the last quarter. Hedge funds and other institutional investors own 52.37% of the company's stock.

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Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TD shares. Desjardins lowered Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Friday, December 6th. Jefferies Financial Group downgraded Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Royal Bank of Canada decreased their price target on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a "sector perform" rating for the company in a research report on Friday, December 6th. Scotiabank lowered Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a report on Friday, December 6th. Finally, Bank of America upgraded shares of Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $80.50.

Toronto-Dominion Bank Stock Performance

Shares of NYSE TD traded up $0.38 during midday trading on Friday, hitting $59.58. 1,380,493 shares of the company's stock were exchanged, compared to its average volume of 2,488,534. The firm has a market cap of $104.40 billion, a P/E ratio of 17.17, a PEG ratio of 1.95 and a beta of 0.83. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03. The Toronto-Dominion Bank has a twelve month low of $51.25 and a twelve month high of $64.91. The stock's 50 day moving average price is $57.41 and its 200-day moving average price is $57.67.

Toronto-Dominion Bank Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be given a $0.7278 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.91 dividend on an annualized basis and a yield of 4.89%. Toronto-Dominion Bank's payout ratio is 85.29%.

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.