The Toronto-Dominion Bank (NYSE:TD) Shares Sold by Korea Investment CORP

Korea Investment CORP decreased its stake in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 12.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,162,597 shares of the bank's stock after selling 167,771 shares during the quarter. Korea Investment CORP owned about 0.07% of Toronto-Dominion Bank worth $61,865,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Toronto-Dominion Bank by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 74,118,551 shares of the bank's stock worth $3,946,072,000 after acquiring an additional 1,415,934 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of Toronto-Dominion Bank by 0.4% during the 4th quarter. CIBC Asset Management Inc now owns 16,575,599 shares of the bank's stock valued at $882,241,000 after buying an additional 59,956 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Toronto-Dominion Bank by 6.4% in the third quarter. Geode Capital Management LLC now owns 7,962,173 shares of the bank's stock worth $506,846,000 after acquiring an additional 479,624 shares during the period. FMR LLC grew its holdings in Toronto-Dominion Bank by 9.9% during the 3rd quarter. FMR LLC now owns 6,553,761 shares of the bank's stock valued at $414,417,000 after buying an additional 587,947 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Toronto-Dominion Bank by 4.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,067,081 shares of the bank's stock valued at $269,637,000 after purchasing an additional 196,024 shares during the period. Institutional investors own 52.37% of the company's stock.

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Toronto-Dominion Bank Price Performance

Toronto-Dominion Bank stock traded down $0.60 during midday trading on Tuesday, reaching $59.34. The company had a trading volume of 2,157,659 shares, compared to its average volume of 2,560,637. The firm's fifty day simple moving average is $59.08 and its 200-day simple moving average is $57.58. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $103.99 billion, a P/E ratio of 17.10, a P/E/G ratio of 1.95 and a beta of 0.83. The Toronto-Dominion Bank has a 12-month low of $51.25 and a 12-month high of $64.91.

Toronto-Dominion Bank Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be issued a dividend of $0.7278 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.91 annualized dividend and a yield of 4.91%. Toronto-Dominion Bank's dividend payout ratio is currently 85.29%.

Analysts Set New Price Targets

Several brokerages have recently commented on TD. Desjardins lowered Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Friday, December 6th. Bank of America upgraded shares of Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a report on Friday, January 17th. Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Tuesday, February 18th. StockNews.com downgraded Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a report on Monday, February 24th. Finally, 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. Two analysts have rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock 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.