Oppenheimer & Co. Inc. lessened its holdings in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 52.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,714 shares of the bank's stock after selling 5,298 shares during the period. Oppenheimer & Co. Inc.'s holdings in Toronto-Dominion Bank were worth $251,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of TD. Wealth Enhancement Advisory Services LLC increased its stake in shares of Toronto-Dominion Bank by 16.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,895 shares of the bank's stock worth $436,000 after acquiring an additional 992 shares during the last quarter. US Bancorp DE grew its holdings in shares of Toronto-Dominion Bank by 3.2% in the third quarter. US Bancorp DE now owns 17,396 shares of the bank's stock valued at $1,100,000 after purchasing an additional 535 shares during the period. Leavell Investment Management Inc. acquired a new stake in Toronto-Dominion Bank during the third quarter worth about $213,000. Mayflower Financial Advisors LLC acquired a new position in Toronto-Dominion Bank in the 3rd quarter valued at about $584,000. Finally, Addison Advisors LLC grew its stake in shares of Toronto-Dominion Bank by 105.5% in the 3rd quarter. Addison Advisors LLC now owns 4,970 shares of the bank's stock valued at $314,000 after buying an additional 2,552 shares during the period. Institutional investors and hedge funds own 52.37% of the company's stock.
Analyst Ratings Changes
Several analysts have recently commented on TD shares. Barclays lowered shares of Toronto-Dominion Bank from an "equal weight" rating to an "underweight" rating in a research report on Thursday, November 21st. BMO Capital Markets upgraded Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a research report on Thursday, December 19th. StockNews.com cut Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a report on Monday, February 24th. Royal Bank of Canada reduced 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 report on Friday, December 6th. Finally, Scotiabank cut shares of Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a research report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Toronto-Dominion Bank currently has an average rating of "Hold" and an average target price of $80.50.
Check Out Our Latest Research Report on Toronto-Dominion Bank
Toronto-Dominion Bank Trading Up 1.2 %
Toronto-Dominion Bank stock traded up $0.72 during midday trading on Wednesday, reaching $58.39. 673,453 shares of the stock traded hands, compared to its average volume of 2,417,068. The firm has a market cap of $102.30 billion, a PE ratio of 16.83, a price-to-earnings-growth ratio of 1.95 and a beta of 0.83. 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 company has a 50-day simple moving average of $57.62 and a two-hundred day simple moving average of $57.63. 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 firm also recently disclosed 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. This represents a $2.91 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date of this dividend is Thursday, April 10th. Toronto-Dominion Bank's dividend payout ratio (DPR) is currently 85.29%.
Toronto-Dominion Bank Company Profile
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Free Report)
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.
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