The Toronto-Dominion Bank (NYSE:TD) Shares Sold by Cidel Asset Management Inc.

Cidel Asset Management Inc. reduced its stake in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 537,024 shares of the bank's stock after selling 9,611 shares during the quarter. Toronto-Dominion Bank accounts for approximately 1.9% of Cidel Asset Management Inc.'s portfolio, making the stock its 14th largest holding. Cidel Asset Management Inc.'s holdings in Toronto-Dominion Bank were worth $28,576,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC lifted its holdings in shares of Toronto-Dominion Bank by 2.4% in the third quarter. CWM LLC now owns 7,208 shares of the bank's stock valued at $456,000 after purchasing an additional 170 shares in the last quarter. Hexagon Capital Partners LLC lifted its holdings in shares of Toronto-Dominion Bank by 18.5% in the third quarter. Hexagon Capital Partners LLC now owns 1,337 shares of the bank's stock valued at $85,000 after purchasing an additional 209 shares in the last quarter. Successful Portfolios LLC purchased a new stake in shares of Toronto-Dominion Bank in the third quarter valued at about $209,000. Fiduciary Financial Group LLC purchased a new stake in shares of Toronto-Dominion Bank in the third quarter valued at about $211,000. Finally, Valeo Financial Advisors LLC purchased a new stake in shares of Toronto-Dominion Bank in the third quarter valued at about $222,000. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto-Dominion Bank Trading Down 1.2 %

NYSE:TD traded down $0.73 during trading hours on Wednesday, reaching $59.95. 1,536,382 shares of the company were exchanged, compared to its average volume of 2,840,596. 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 firm has a market cap of $104.94 billion, a price-to-earnings ratio of 17.28, a PEG ratio of 1.86 and a beta of 0.84. The Toronto-Dominion Bank has a 52-week low of $51.25 and a 52-week high of $64.91. The stock has a 50 day simple moving average of $54.99 and a 200 day simple moving average of $57.41.

Toronto-Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were paid a dividend of $0.7482 per share. The ex-dividend date was Friday, January 10th. This represents a $2.99 dividend on an annualized basis and a yield of 4.99%. This is an increase from Toronto-Dominion Bank's previous quarterly dividend of $0.74. Toronto-Dominion Bank's dividend payout ratio (DPR) is currently 83.86%.

Analyst Ratings Changes

Several analysts have issued reports on TD shares. Bank of America raised shares of Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a report on Friday, January 17th. BMO Capital Markets raised shares of Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a research note on Thursday, December 19th. StockNews.com raised shares of Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a research note on Wednesday, February 5th. Desjardins downgraded shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Friday, December 6th. Finally, Royal Bank of Canada reduced their price objective on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a "sector perform" rating on the stock in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $80.50.

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.