The Toronto-Dominion Bank (NYSE:TD) Holdings Decreased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC decreased its position in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 29.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,247 shares of the bank's stock after selling 11,546 shares during the quarter. Janney Montgomery Scott LLC's holdings in Toronto-Dominion Bank were worth $1,504,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of TD. CWM LLC boosted its position in Toronto-Dominion Bank by 2.4% during the 3rd quarter. CWM LLC now owns 7,208 shares of the bank's stock worth $456,000 after acquiring an additional 170 shares during the period. Pathstone Holdings LLC raised its stake in shares of Toronto-Dominion Bank by 0.8% during the third quarter. Pathstone Holdings LLC now owns 22,309 shares of the bank's stock valued at $1,411,000 after purchasing an additional 184 shares in the last quarter. Passumpsic Savings Bank lifted its holdings in Toronto-Dominion Bank by 2.6% in the third quarter. Passumpsic Savings Bank now owns 7,530 shares of the bank's stock worth $476,000 after purchasing an additional 194 shares during the period. Versant Capital Management Inc grew its position in Toronto-Dominion Bank by 40.0% in the 4th quarter. Versant Capital Management Inc now owns 700 shares of the bank's stock valued at $37,000 after buying an additional 200 shares in the last quarter. Finally, Hexagon Capital Partners LLC increased its stake in Toronto-Dominion Bank by 18.5% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,337 shares of the bank's stock valued at $85,000 after buying an additional 209 shares during the period. Institutional investors own 52.37% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TD. Scotiabank lowered shares of Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a research note on Friday, December 6th. Barclays lowered Toronto-Dominion Bank from an "equal weight" rating to an "underweight" rating in a research note on Thursday, November 21st. StockNews.com raised Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a research note on Wednesday. BMO Capital Markets raised Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a research note on Thursday, December 19th. Finally, Royal Bank of Canada dropped their price target 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $80.50.

Toronto-Dominion Bank Price Performance

Shares of NYSE TD traded up $0.06 during mid-day trading on Friday, reaching $57.98. The company had a trading volume of 2,420,856 shares, compared to its average volume of 2,918,646. The company has a 50-day moving average price of $54.80 and a two-hundred day moving average price of $57.38. The stock has a market cap of $101.49 billion, a PE ratio of 16.71, a P/E/G ratio of 1.82 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 Toronto-Dominion Bank has a 1-year low of $51.25 and a 1-year high of $64.91.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were issued a dividend of $0.7482 per share. This represents a $2.99 annualized dividend and a yield of 5.16%. The ex-dividend date of this dividend was Friday, January 10th. This is an increase from Toronto-Dominion Bank's previous quarterly dividend of $0.74. Toronto-Dominion Bank's payout ratio is presently 84.15%.

Toronto-Dominion Bank 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.