Harbour Investments Inc. lessened its holdings in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 70.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,278 shares of the bank's stock after selling 5,497 shares during the quarter. Harbour Investments Inc.'s holdings in Toronto-Dominion Bank were worth $121,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in TD. Natixis Advisors LLC grew its holdings in shares of Toronto-Dominion Bank by 65.4% during the third quarter. Natixis Advisors LLC now owns 67,104 shares of the bank's stock valued at $4,245,000 after purchasing an additional 26,522 shares during the last quarter. Pathstone Holdings LLC grew its stake in Toronto-Dominion Bank by 0.8% during the 3rd quarter. Pathstone Holdings LLC now owns 22,309 shares of the bank's stock worth $1,411,000 after buying an additional 184 shares during the last quarter. Caprock Group LLC grew its stake in Toronto-Dominion Bank by 6.2% during the 3rd quarter. Caprock Group LLC now owns 5,885 shares of the bank's stock worth $372,000 after buying an additional 343 shares during the last quarter. Commerce Bank acquired a new stake in Toronto-Dominion Bank in the third quarter worth $207,000. Finally, Cerity Partners LLC lifted its stake in Toronto-Dominion Bank by 57.1% in the third quarter. Cerity Partners LLC now owns 26,755 shares of the bank's stock valued at $1,693,000 after buying an additional 9,725 shares during the last quarter. Institutional investors own 52.37% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have commented on TD shares. Desjardins cut shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Friday, December 6th. BMO Capital Markets raised Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a research note on Thursday, December 19th. Scotiabank downgraded shares of Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a report on Friday, December 6th. Bank of America raised shares of Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. Finally, Royal Bank of Canada lowered 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. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Toronto-Dominion Bank currently has a consensus rating of "Hold" and an average target price of $80.50.
Check Out Our Latest Analysis on TD
Toronto-Dominion Bank Price Performance
Shares of NYSE:TD traded down $0.15 during trading hours on Thursday, hitting $61.00. 2,704,548 shares of the company's stock traded hands, compared to its average volume of 2,403,104. The Toronto-Dominion Bank has a 52 week low of $51.25 and a 52 week high of $64.91. The company has a market cap of $106.89 billion, a price-to-earnings ratio of 17.58, a price-to-earnings-growth ratio of 1.95 and a beta of 0.83. The company's fifty day simple moving average is $58.82 and its two-hundred day simple moving average is $57.65. 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be issued a $0.7278 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.91 annualized dividend and a dividend yield of 4.77%. Toronto-Dominion Bank's dividend payout ratio is currently 85.29%.
About Toronto-Dominion Bank
(
Free Report)
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.
Recommended Stories
Before you consider Toronto-Dominion Bank, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Toronto-Dominion Bank wasn't on the list.
While Toronto-Dominion Bank currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
