Mariner LLC Sells 24,077 Shares of The Toronto-Dominion Bank (NYSE:TD)

Mariner LLC lowered its stake in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 38.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,566 shares of the bank's stock after selling 24,077 shares during the quarter. Mariner LLC's holdings in Toronto-Dominion Bank were worth $2,053,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Lee Danner & Bass Inc. acquired a new position in Toronto-Dominion Bank during the fourth quarter worth about $27,000. Bank of Jackson Hole Trust acquired a new stake in Toronto-Dominion Bank in the fourth quarter valued at approximately $32,000. Versant Capital Management Inc grew its stake in shares of Toronto-Dominion Bank by 40.0% during the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank's stock worth $37,000 after buying an additional 200 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in shares of Toronto-Dominion Bank during the fourth quarter worth $39,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of Toronto-Dominion Bank in the 4th quarter valued at $51,000. 52.37% of the stock is owned by institutional investors and hedge funds.

Toronto-Dominion Bank Trading Down 0.1 %

Shares of Toronto-Dominion Bank stock traded down $0.07 during midday trading on Friday, reaching $62.13. The company had a trading volume of 3,173,704 shares, compared to its average volume of 2,483,119. The stock has a fifty day moving average price of $59.44 and a 200 day moving average price of $57.11. The Toronto-Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $64.91. The firm has a market cap of $107.85 billion, a PE ratio of 17.90, a P/E/G ratio of 1.95 and a beta of 0.73. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03.

Toronto-Dominion Bank Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be issued a $0.7278 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.91 annualized dividend and a yield of 4.69%. Toronto-Dominion Bank's payout ratio is 85.59%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. StockNews.com lowered Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research report on Monday, February 24th. Bank of America raised Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. Finally, Jefferies Financial Group downgraded shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently 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.