LVM Capital Management Ltd. MI Sells 11,610 Shares of The Toronto-Dominion Bank (NYSE:TD)

LVM Capital Management Ltd. MI reduced its stake in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 29.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,181 shares of the bank's stock after selling 11,610 shares during the period. LVM Capital Management Ltd. MI's holdings in Toronto-Dominion Bank were worth $1,447,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in TD. Wealth Enhancement Advisory Services LLC lifted its holdings in Toronto-Dominion Bank by 44.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,977 shares of the bank's stock valued at $531,000 after acquiring an additional 3,082 shares during the last quarter. Bank of New Hampshire boosted its holdings in Toronto-Dominion Bank by 499.2% during the fourth quarter. Bank of New Hampshire now owns 2,996 shares of the bank's stock worth $160,000 after buying an additional 2,496 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in shares of Toronto-Dominion Bank in the fourth quarter valued at $190,000. Versant Capital Management Inc lifted its position in shares of Toronto-Dominion Bank by 40.0% during the 4th quarter. Versant Capital Management Inc now owns 700 shares of the bank's stock valued at $37,000 after acquiring an additional 200 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Toronto-Dominion Bank in the 3rd quarter worth $247,000. Institutional investors and hedge funds own 52.37% of the company's stock.

Toronto-Dominion Bank Stock Up 0.1 %

TD stock traded up $0.05 during midday trading on Friday, reaching $54.23. The company had a trading volume of 3,266,034 shares, compared to its average volume of 3,987,862. The company has a 50 day moving average of $54.55 and a two-hundred day moving average of $57.29. The company has a market capitalization of $94.92 billion, a P/E ratio of 15.63, a PEG ratio of 1.69 and a beta of 0.83. The Toronto-Dominion Bank has a 1 year low of $51.25 and a 1 year high of $64.91. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.11.

Toronto-Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 10th will be paid a $0.7482 dividend. The ex-dividend date is Friday, January 10th. This represents a $2.99 dividend on an annualized basis and a yield of 5.52%. This is an increase from Toronto-Dominion Bank's previous quarterly dividend of $0.74. Toronto-Dominion Bank's payout ratio is 83.86%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TD. Desjardins downgraded Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Friday, December 6th. StockNews.com cut shares of Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a report on Friday, December 27th. BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a report on Thursday, December 19th. Jefferies Financial Group raised shares of Toronto-Dominion Bank from a "hold" rating to a "buy" rating in a research note on Thursday, December 12th. Finally, Scotiabank downgraded shares of Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a research note on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Toronto-Dominion Bank has an average rating of "Hold" and an average price target of $80.50.

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.