The Toronto-Dominion Bank (NYSE:TD) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC lowered its position in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,254,825 shares of the bank's stock after selling 71,186 shares during the period. Clearbridge Investments LLC owned approximately 0.19% of Toronto-Dominion Bank worth $173,287,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TD. Norges Bank acquired a new position in Toronto-Dominion Bank in the 4th quarter worth $992,204,000. Quadrature Capital Ltd increased its position in shares of Toronto-Dominion Bank by 175.5% during the third quarter. Quadrature Capital Ltd now owns 2,467,300 shares of the bank's stock worth $156,202,000 after acquiring an additional 1,571,700 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Toronto-Dominion Bank by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 74,118,551 shares of the bank's stock worth $3,946,072,000 after acquiring an additional 1,415,934 shares in the last quarter. Guardian Partners Inc. purchased a new position in Toronto-Dominion Bank in the fourth quarter valued at about $38,332,000. Finally, Zurich Insurance Group Ltd FI acquired a new stake in Toronto-Dominion Bank during the 3rd quarter valued at approximately $43,257,000. 52.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TD has been the topic of a number of research analyst reports. Jefferies Financial Group downgraded shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Tuesday, February 18th. StockNews.com cut Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research note on Monday, February 24th. Desjardins lowered Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Friday, December 6th. Royal Bank of Canada dropped their price target on 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. Finally, Scotiabank downgraded Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a research note on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $80.50.

Remove Ads

Toronto-Dominion Bank Stock Performance

TD stock traded up $0.56 during trading on Wednesday, reaching $59.90. 1,999,244 shares of the company's stock were exchanged, compared to its average volume of 2,558,410. The Toronto-Dominion Bank has a 1-year low of $51.25 and a 1-year high of $64.91. The firm has a market cap of $104.97 billion, a PE ratio of 17.26, a P/E/G ratio of 1.95 and a beta of 0.83. The company's fifty day moving average price is $59.08 and its 200-day moving average price is $57.58. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11.

Toronto-Dominion Bank Cuts Dividend

The firm also recently declared 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. This represents a $2.91 annualized dividend and a yield of 4.86%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank's dividend payout ratio (DPR) is presently 85.29%.

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.