The Toronto-Dominion Bank (NYSE:TD) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC trimmed its position in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 25.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,219 shares of the bank's stock after selling 34,028 shares during the period. Corient Private Wealth LLC's holdings in Toronto-Dominion Bank were worth $5,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of TD. Frank Rimerman Advisors LLC lifted its position in Toronto-Dominion Bank by 3.2% during the fourth quarter. Frank Rimerman Advisors LLC now owns 5,446 shares of the bank's stock valued at $290,000 after purchasing an additional 171 shares during the last quarter. Intact Investment Management Inc. lifted its holdings in shares of Toronto-Dominion Bank by 19.6% in the 4th quarter. Intact Investment Management Inc. now owns 3,049,215 shares of the bank's stock valued at $162,318,000 after acquiring an additional 500,081 shares during the last quarter. Commonwealth Equity Services LLC grew its position in Toronto-Dominion Bank by 0.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 103,822 shares of the bank's stock worth $5,527,000 after acquiring an additional 608 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its stake in Toronto-Dominion Bank by 1.9% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 235,623 shares of the bank's stock worth $12,514,000 after acquiring an additional 4,471 shares during the last quarter. Finally, Forge First Asset Management Inc. purchased a new stake in Toronto-Dominion Bank during the fourth quarter valued at approximately $6,761,000. 52.37% of the stock is currently owned by institutional investors.

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Toronto-Dominion Bank Trading Up 0.3 %

Toronto-Dominion Bank stock traded up $0.20 during trading hours on Wednesday, hitting $61.15. The company had a trading volume of 2,982,922 shares, compared to its average volume of 2,399,942. The firm has a market cap of $107.15 billion, a P/E ratio of 17.62, a P/E/G ratio of 1.95 and a beta of 0.83. The company has a 50-day moving average price of $58.71 and a two-hundred day moving average price of $57.62. The Toronto-Dominion Bank has a 1 year low of $51.25 and a 1 year high of $64.91. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.03 and a current ratio of 1.03.

Toronto-Dominion Bank Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be paid 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 dividend yield of 4.76%. Toronto-Dominion Bank's payout ratio is currently 85.29%.

Analyst Upgrades and Downgrades

TD has been the topic of several analyst reports. Desjardins downgraded Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Friday, December 6th. Royal Bank of Canada cut 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 report on Friday, December 6th. StockNews.com lowered shares of Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a report on Monday, February 24th. BMO Capital Markets raised shares of Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a research report on Thursday, December 19th. Finally, Bank of America upgraded Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target 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.