Prudential PLC Has $1.08 Million Position in The Toronto-Dominion Bank (NYSE:TD)

Prudential PLC decreased its stake in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 19.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,300 shares of the bank's stock after selling 4,951 shares during the period. Prudential PLC's holdings in Toronto-Dominion Bank were worth $1,079,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Frank Rimerman Advisors LLC boosted its position in Toronto-Dominion Bank by 3.2% during the 4th quarter. Frank Rimerman Advisors LLC now owns 5,446 shares of the bank's stock worth $290,000 after acquiring an additional 171 shares during the last quarter. Passumpsic Savings Bank lifted its position in shares of Toronto-Dominion Bank by 2.6% in the third quarter. Passumpsic Savings Bank now owns 7,530 shares of the bank's stock worth $476,000 after purchasing an additional 194 shares in the last quarter. Versant Capital Management Inc boosted its holdings 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 purchasing an additional 200 shares during the last quarter. Cardinal Capital Management grew its position in Toronto-Dominion Bank by 0.5% in the fourth quarter. Cardinal Capital Management now owns 44,685 shares of the bank's stock valued at $2,379,000 after purchasing an additional 205 shares in the last quarter. Finally, Dunhill Financial LLC increased its stake in Toronto-Dominion Bank by 164.9% in the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank's stock valued at $25,000 after buying an additional 249 shares during the last quarter. 52.37% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

Several research firms recently issued reports on TD. BMO Capital Markets upgraded Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a report on Thursday, December 19th. StockNews.com downgraded Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a report on Monday, February 24th. Jefferies Financial Group downgraded shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Tuesday, February 18th. Finally, Bank of America raised shares of Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $80.50.

Toronto-Dominion Bank Stock Performance

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 2,529,682. 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 moving average is $59.10 and its 200-day moving average is $57.19. The Toronto-Dominion Bank has a 52 week low of $51.25 and a 52 week high of $64.91. The firm has a market cap of $102.39 billion, a PE ratio of 16.84, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73.

Toronto-Dominion Bank Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be issued a dividend of $0.7278 per share. This represents a $2.91 annualized dividend and a dividend yield of 4.98%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank's payout ratio is 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.