Cumberland Partners Ltd Sells 4,400 Shares of The Toronto-Dominion Bank (NYSE:TD)

Cumberland Partners Ltd decreased its position in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 5.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 73,151 shares of the bank's stock after selling 4,400 shares during the period. Cumberland Partners Ltd's holdings in Toronto-Dominion Bank were worth $3,886,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dunhill Financial LLC boosted its stake in shares of 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 purchasing an additional 249 shares during the last quarter. Bank of Jackson Hole Trust bought a new position in Toronto-Dominion Bank in the fourth quarter valued at approximately $32,000. Versant Capital Management Inc grew its holdings in Toronto-Dominion Bank by 40.0% during the 4th 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 period. Morse Asset Management Inc bought a new stake in shares of Toronto-Dominion Bank during the 3rd quarter valued at $63,000. Finally, Eastern Bank acquired a new position in shares of Toronto-Dominion Bank in the 3rd quarter valued at $66,000. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TD shares. Barclays lowered Toronto-Dominion Bank from an "equal weight" rating to an "underweight" rating in a research report on Thursday, November 21st. Jefferies Financial Group cut shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Tuesday. Bank of America upgraded shares of Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a report on Friday, January 17th. Scotiabank lowered shares of Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a report on Friday, December 6th. Finally, BMO Capital Markets raised Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $80.50.

Toronto-Dominion Bank Stock Down 0.9 %

TD traded down $0.54 during trading on Friday, hitting $59.83. The company had a trading volume of 633,464 shares, compared to its average volume of 2,660,130. The company has a market capitalization of $104.72 billion, a PE ratio of 17.25, a PEG ratio of 1.94 and a beta of 0.84. 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 one year low of $51.25 and a one year high of $64.91. The firm's 50-day moving average price is $55.91 and its 200 day moving average price is $57.51.

Toronto-Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were given a dividend of $0.7482 per share. This is a boost from Toronto-Dominion Bank's previous quarterly dividend of $0.74. This represents a $2.99 annualized dividend and a dividend yield of 5.00%. The ex-dividend date of this dividend was Friday, January 10th. Toronto-Dominion Bank's dividend payout ratio is currently 84.15%.

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.