The Toronto-Dominion Bank (NYSE:TD) Position Lessened by O Shaughnessy Asset Management LLC

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

Other hedge funds also recently made changes to their positions in the company. Cerity Partners LLC raised its stake in Toronto-Dominion Bank by 57.1% during the 3rd quarter. Cerity Partners LLC now owns 26,755 shares of the bank's stock valued at $1,693,000 after acquiring an additional 9,725 shares in the last quarter. D.A. Davidson & CO. increased its holdings in shares of Toronto-Dominion Bank by 2.6% during the third quarter. D.A. Davidson & CO. now owns 11,904 shares of the bank's stock valued at $753,000 after purchasing an additional 304 shares during the period. Townsquare Capital LLC bought a new stake in shares of Toronto-Dominion Bank during the third quarter valued at about $612,000. Glenmede Trust Co. NA lifted its holdings in Toronto-Dominion Bank by 13.3% in the third quarter. Glenmede Trust Co. NA now owns 10,181 shares of the bank's stock worth $644,000 after purchasing an additional 1,195 shares during the period. Finally, CreativeOne Wealth LLC bought a new position in Toronto-Dominion Bank in the 3rd quarter valued at about $227,000. Institutional investors own 52.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TD. Desjardins lowered shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Friday, December 6th. StockNews.com downgraded shares of Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a report on Monday, February 24th. BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a research report on Thursday, December 19th. Royal Bank of Canada cut their price objective on Toronto-Dominion Bank from $82.00 to $77.00 and set a "sector perform" rating for the company in a research report on Friday, December 6th. Finally, Bank of America upgraded Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $80.50.

Toronto-Dominion Bank Stock Down 2.7 %

Shares of TD traded down $1.56 during mid-day trading on Friday, reaching $57.10. The company's stock had a trading volume of 3,890,390 shares, compared to its average volume of 2,549,804. The company has a market cap of $100.06 billion, a price-to-earnings ratio of 16.46, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. The business has a fifty day moving average of $59.17 and a 200 day moving average of $57.52. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11. The Toronto-Dominion Bank has a 1 year low of $51.25 and a 1 year high of $64.91.

Toronto-Dominion Bank Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be given a $0.7278 dividend. This represents a $2.91 dividend on an annualized basis and a dividend yield of 5.10%. The ex-dividend date of this dividend is Thursday, April 10th. Toronto-Dominion Bank's dividend payout ratio (DPR) is 85.29%.

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.