O Shaughnessy Asset Management LLC Has $9.10 Million Stock Holdings in The Toronto-Dominion Bank (NYSE:TD)

O Shaughnessy Asset Management LLC trimmed its stake in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 18.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 171,179 shares of the bank's stock after selling 38,208 shares during the period. O Shaughnessy Asset Management LLC's holdings in Toronto-Dominion Bank were worth $9,104,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Toronto-Dominion Bank by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 74,118,551 shares of the bank's stock valued at $3,946,072,000 after purchasing an additional 1,415,934 shares in the last quarter. Norges Bank purchased a new stake in Toronto-Dominion Bank in the 4th quarter worth about $992,204,000. Beutel Goodman & Co Ltd. boosted its position in Toronto-Dominion Bank by 3.8% during the 4th quarter. Beutel Goodman & Co Ltd. now owns 16,803,807 shares of the bank's stock worth $894,169,000 after acquiring an additional 622,736 shares during the period. CIBC Asset Management Inc grew its stake in 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 acquiring an additional 59,956 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Toronto-Dominion Bank by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 7,962,173 shares of the bank's stock valued at $506,846,000 after purchasing an additional 479,624 shares during the period. Institutional investors and hedge funds own 52.37% of the company's stock.

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Toronto-Dominion Bank Stock Performance

NYSE:TD traded down $1.24 during trading hours on Thursday, hitting $58.67. 2,544,626 shares of the company traded hands, compared to its average volume of 2,560,942. 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 stock has a market capitalization of $102.82 billion, a price-to-earnings ratio of 16.91, a P/E/G ratio of 1.95 and a beta of 0.83. The firm has a 50-day moving average of $59.14 and a 200 day moving average of $57.59. The Toronto-Dominion Bank has a twelve month low of $51.25 and a twelve month high of $64.91.

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 given a dividend of $0.7278 per share. This represents a $2.91 dividend on an annualized basis and a yield of 4.96%. The ex-dividend date of this dividend is Thursday, April 10th. Toronto-Dominion Bank's dividend payout ratio (DPR) is presently 85.29%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Royal Bank of Canada dropped their price objective on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a "sector perform" rating on the stock in a research note on Friday, December 6th. Jefferies Financial Group lowered Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Tuesday, February 18th. BMO Capital Markets upgraded Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a research note on Thursday, December 19th. StockNews.com lowered Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research report on Monday, February 24th. Finally, Desjardins lowered Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Friday, December 6th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Toronto-Dominion Bank has an average rating of "Hold" and an average price target 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.