Aviso Financial Inc. Has $88.49 Million Holdings in The Toronto-Dominion Bank (NYSE:TD)

Aviso Financial Inc. lowered its holdings in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 26.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,662,445 shares of the bank's stock after selling 584,572 shares during the period. Toronto-Dominion Bank makes up about 4.5% of Aviso Financial Inc.'s holdings, making the stock its 4th biggest position. Aviso Financial Inc. owned 0.09% of Toronto-Dominion Bank worth $88,487,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in TD. Pathstone Holdings LLC boosted its position in shares of Toronto-Dominion Bank by 0.8% during the 3rd quarter. Pathstone Holdings LLC now owns 22,309 shares of the bank's stock worth $1,411,000 after purchasing an additional 184 shares in the last quarter. Passumpsic Savings Bank boosted its holdings in 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 acquiring an additional 194 shares in the last quarter. Versant Capital Management Inc grew its stake in Toronto-Dominion Bank by 40.0% in the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank's stock valued at $37,000 after acquiring an additional 200 shares during the period. Cardinal Capital Management increased its holdings in shares of Toronto-Dominion Bank by 0.5% during the fourth quarter. Cardinal Capital Management now owns 44,685 shares of the bank's stock valued at $2,379,000 after acquiring an additional 205 shares in the last quarter. Finally, Dunhill Financial LLC raised its position in shares of Toronto-Dominion Bank by 164.9% during the third quarter. Dunhill Financial LLC now owns 400 shares of the bank's stock worth $25,000 after purchasing an additional 249 shares during the period. 52.37% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

Several research firms recently issued reports on TD. BMO Capital Markets raised shares of Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a research report on Thursday, December 19th. StockNews.com downgraded shares of Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research report on Monday, February 24th. Jefferies Financial Group cut shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Desjardins lowered Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Friday, December 6th. Finally, Barclays lowered Toronto-Dominion Bank from an "equal weight" rating to an "underweight" rating in a report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $80.50.

Toronto-Dominion Bank Stock Performance

Shares of NYSE TD traded down $0.08 during midday trading on Tuesday, reaching $59.67. The company's stock had a trading volume of 983,816 shares, compared to its average volume of 2,427,223. The stock has a market capitalization of $104.55 billion, a P/E ratio of 17.20, a PEG ratio of 1.95 and a beta of 0.83. 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 firm has a 50 day moving average price of $58.02 and a 200-day moving average price of $57.61. 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. Shareholders of record on Thursday, April 10th will be given a $0.7278 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.91 annualized dividend and a yield of 4.88%. Toronto-Dominion Bank's dividend payout ratio is currently 85.29%.

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.