Pines Wealth Management LLC Makes New Investment in The Toronto-Dominion Bank (NYSE:TD)

Pines Wealth Management LLC acquired a new stake in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 5,063 shares of the bank's stock, valued at approximately $274,000.

Other large investors have also recently bought and sold shares of the company. Dunhill Financial LLC lifted its stake in shares of Toronto-Dominion Bank by 164.9% during the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank's stock worth $25,000 after buying an additional 249 shares during the last quarter. Versant Capital Management Inc lifted its position in 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 acquiring an additional 200 shares during the last quarter. Kimelman & Baird LLC bought a new stake in shares of Toronto-Dominion Bank during the second quarter worth approximately $49,000. Morse Asset Management Inc acquired a new position in shares of Toronto-Dominion Bank in the third quarter valued at approximately $63,000. Finally, Eastern Bank bought a new stake in Toronto-Dominion Bank in the 3rd quarter valued at $66,000. 52.37% of the stock is owned by institutional investors and hedge funds.

Toronto-Dominion Bank Price Performance

Shares of TD traded down $0.13 during mid-day trading on Thursday, reaching $55.28. The company had a trading volume of 870,986 shares, compared to its average volume of 3,166,588. The company has a market capitalization of $96.75 billion, a price-to-earnings ratio of 15.93, a P/E/G ratio of 1.72 and a beta of 0.83. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.03 and a current ratio of 1.03. The company's 50 day simple moving average is $54.52 and its 200 day simple moving average is $57.32. The Toronto-Dominion Bank has a 1-year low of $51.25 and a 1-year high of $64.91.

Toronto-Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 10th will be given a $0.7482 dividend. The ex-dividend date is Friday, January 10th. This represents a $2.99 dividend on an annualized basis and a yield of 5.41%. This is a positive change from Toronto-Dominion Bank's previous quarterly dividend of $0.74. Toronto-Dominion Bank's dividend payout ratio (DPR) is currently 87.03%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TD shares. StockNews.com downgraded Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a report on Friday, December 27th. Jefferies Financial Group upgraded shares of Toronto-Dominion Bank from a "hold" rating to a "buy" rating in a research report on Thursday, December 12th. Scotiabank lowered Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a report on Friday, December 6th. Desjardins downgraded Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Friday, December 6th. Finally, 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 research note on Friday, December 6th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $80.50.

About Toronto-Dominion Bank

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.