The Toronto-Dominion Bank (NYSE:TD) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its position in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 34.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,977,381 shares of the bank's stock after selling 3,620,393 shares during the quarter. JPMorgan Chase & Co. owned 0.40% of Toronto-Dominion Bank worth $441,389,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in TD. Allspring Global Investments Holdings LLC grew its holdings in Toronto-Dominion Bank by 2.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 27,581 shares of the bank's stock worth $1,516,000 after acquiring an additional 611 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in shares of Toronto-Dominion Bank in the 2nd quarter valued at about $1,213,000. IFG Advisory LLC acquired a new stake in shares of Toronto-Dominion Bank in the second quarter valued at about $634,000. Van ECK Associates Corp boosted its holdings in Toronto-Dominion Bank by 29.4% during the second quarter. Van ECK Associates Corp now owns 371,649 shares of the bank's stock worth $20,431,000 after buying an additional 84,331 shares in the last quarter. Finally, Balanced Rock Investment Advisors LLC increased its holdings in Toronto-Dominion Bank by 1.4% in the second quarter. Balanced Rock Investment Advisors LLC now owns 14,959 shares of the bank's stock valued at $822,000 after buying an additional 203 shares in the last quarter. Institutional investors and hedge funds own 52.37% of the company's stock.

Toronto-Dominion Bank Trading Up 0.2 %

NYSE:TD traded up $0.10 on Friday, reaching $53.00. The stock had a trading volume of 1,173,214 shares, compared to its average volume of 2,687,752. The Toronto-Dominion Bank has a 12-month low of $51.25 and a 12-month high of $65.12. The company has a market cap of $92.76 billion, a price-to-earnings ratio of 15.27, a P/E/G ratio of 1.69 and a beta of 0.82. The firm's fifty day moving average is $55.02 and its two-hundred day moving average is $57.36. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.02.

Toronto-Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 10th will be given a dividend of $0.7482 per share. The ex-dividend date is Friday, January 10th. This represents a $2.99 dividend on an annualized basis and a yield of 5.65%. This is a positive change from Toronto-Dominion Bank's previous quarterly dividend of $0.74. Toronto-Dominion Bank's dividend payout ratio (DPR) is 89.34%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. BMO Capital Markets raised Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a research note on Thursday, December 19th. Royal Bank of Canada lowered their target price on Toronto-Dominion Bank from $82.00 to $77.00 and set a "sector perform" rating on the stock in a report on Friday, December 6th. StockNews.com downgraded Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research note on Friday. Barclays cut shares of Toronto-Dominion Bank from an "equal weight" rating to an "underweight" rating in a research note on Thursday, November 21st. Finally, Desjardins cut shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price 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.