Entropy Technologies LP Decreases Stock Holdings in The Toronto-Dominion Bank (NYSE:TD)

Entropy Technologies LP reduced its stake in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 50.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,328 shares of the bank's stock after selling 12,454 shares during the period. Entropy Technologies LP's holdings in Toronto-Dominion Bank were worth $656,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TD. CWM LLC lifted its position in shares of Toronto-Dominion Bank by 2.4% during the 3rd quarter. CWM LLC now owns 7,208 shares of the bank's stock valued at $456,000 after buying an additional 170 shares in the last quarter. Valeo Financial Advisors LLC purchased a new position in shares of Toronto-Dominion Bank during the 3rd quarter valued at about $222,000. Creative Planning lifted its position in shares of Toronto-Dominion Bank by 9.8% during the 3rd quarter. Creative Planning now owns 144,251 shares of the bank's stock valued at $9,125,000 after buying an additional 12,879 shares in the last quarter. Sumitomo Life Insurance Co. lifted its holdings in Toronto-Dominion Bank by 2.8% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 22,679 shares of the bank's stock worth $1,435,000 after purchasing an additional 610 shares in the last quarter. Finally, Probity Advisors Inc. lifted its holdings in Toronto-Dominion Bank by 16.0% in the 3rd quarter. Probity Advisors Inc. now owns 19,236 shares of the bank's stock worth $1,217,000 after purchasing an additional 2,655 shares in the last quarter. 52.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TD has been the topic of a number of research analyst reports. Barclays cut Toronto-Dominion Bank from an "equal weight" rating to an "underweight" rating in a report on Thursday, November 21st. Scotiabank cut Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a report on Friday, December 6th. Jefferies Financial Group raised Toronto-Dominion Bank from a "hold" rating to a "buy" rating in a report on Thursday, December 12th. Bank of America raised Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a report on Friday, January 17th. Finally, Royal Bank of Canada reduced their price objective on 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 investment analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $80.50.

Toronto-Dominion Bank Trading Down 0.3 %

Shares of NYSE TD traded down $0.17 during trading hours on Friday, hitting $59.76. 1,148,804 shares of the company traded hands, compared to its average volume of 2,494,237. The stock has a market capitalization of $104.62 billion, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 1.86 and a beta of 0.84. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11. The company's 50 day moving average price is $55.36 and its 200 day moving average price is $57.46. The Toronto-Dominion Bank has a 12 month low of $51.25 and a 12 month high of $64.91.

Toronto-Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were given a dividend of $0.7482 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $2.99 annualized dividend and a dividend yield of 5.01%. This is an increase from Toronto-Dominion Bank's previous quarterly dividend of $0.74. Toronto-Dominion Bank's payout ratio is currently 84.15%.

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.