Orion Portfolio Solutions LLC Sells 4,838 Shares of The Toronto-Dominion Bank (NYSE:TD)

Orion Portfolio Solutions LLC cut its holdings in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 24.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,025 shares of the bank's stock after selling 4,838 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Toronto-Dominion Bank were worth $800,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TD. Vanguard Group Inc. increased its holdings in Toronto-Dominion Bank by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 74,118,551 shares of the bank's stock valued at $3,946,072,000 after buying an additional 1,415,934 shares during the period. Norges Bank acquired a new stake in shares of Toronto-Dominion Bank during the 4th quarter worth approximately $992,204,000. CIBC Asset Management Inc increased its stake in Toronto-Dominion Bank by 0.4% in the fourth 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 during the last quarter. Geode Capital Management LLC increased its stake in Toronto-Dominion Bank by 6.4% in the third quarter. Geode Capital Management LLC now owns 7,962,173 shares of the bank's stock valued at $506,846,000 after acquiring an additional 479,624 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Toronto-Dominion Bank by 3.4% during the fourth quarter. JPMorgan Chase & Co. now owns 7,213,418 shares of the bank's stock valued at $384,042,000 after purchasing an additional 236,037 shares in the last quarter. 52.37% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

TD has been the topic of several recent analyst reports. Bank of America upgraded Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. Jefferies Financial Group cut Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. StockNews.com cut shares of Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a report on Monday, February 24th. Finally, BMO Capital Markets raised shares of Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a report on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have assigned 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 a consensus rating of "Hold" and a consensus price target of $80.50.

Toronto-Dominion Bank Trading Up 3.2 %

NYSE TD traded up $1.79 during trading hours on Friday, reaching $58.43. The company's stock had a trading volume of 2,367,489 shares, compared to its average volume of 2,530,112. The firm has a fifty day simple moving average of $59.10 and a 200-day simple moving average of $57.23. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03. The Toronto-Dominion Bank has a 52 week low of $51.25 and a 52 week high of $64.91. The stock has a market cap of $102.39 billion, a P/E ratio of 16.84, a P/E/G ratio of 1.95 and a beta of 0.73.

Toronto-Dominion Bank Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.7278 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.91 dividend on an annualized basis and a dividend yield of 4.98%. Toronto-Dominion Bank's dividend payout ratio (DPR) is presently 85.29%.

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.