Modera Wealth Management LLC Sells 11,975 Shares of The Toronto-Dominion Bank (NYSE:TD)

Modera Wealth Management LLC trimmed its holdings in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 8.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,638 shares of the bank's stock after selling 11,975 shares during the period. Modera Wealth Management LLC's holdings in Toronto-Dominion Bank were worth $7,008,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. The Manufacturers Life Insurance Company lifted its holdings in shares of Toronto-Dominion Bank by 24.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 13,509,261 shares of the bank's stock worth $854,815,000 after acquiring an additional 2,689,532 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Toronto-Dominion Bank by 61.1% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,011,579 shares of the bank's stock worth $380,118,000 after purchasing an additional 2,279,864 shares during the last quarter. Quadrature Capital Ltd lifted its stake in Toronto-Dominion Bank by 175.5% during the third quarter. Quadrature Capital Ltd now owns 2,467,300 shares of the bank's stock worth $156,202,000 after purchasing an additional 1,571,700 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Toronto-Dominion Bank by 64.6% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,273,520 shares of the bank's stock valued at $143,922,000 after purchasing an additional 892,183 shares in the last quarter. Finally, CIBC Asset Management Inc increased its stake in shares of Toronto-Dominion Bank by 5.4% in the 3rd quarter. CIBC Asset Management Inc now owns 16,515,643 shares of the bank's stock valued at $1,046,825,000 after purchasing an additional 853,313 shares during the last quarter. 52.37% of the stock is currently owned by institutional investors.

Toronto-Dominion Bank Trading Up 1.2 %

TD stock traded up $0.69 during mid-day trading on Wednesday, reaching $59.30. The company's stock had a trading volume of 1,741,530 shares, compared to its average volume of 2,544,301. The company has a market cap of $103.90 billion, a price-to-earnings ratio of 17.09, a price-to-earnings-growth ratio of 1.95 and a beta of 0.84. The Toronto-Dominion Bank has a 12 month low of $51.25 and a 12 month high of $64.91. The business's 50 day moving average price is $57.03 and its 200 day moving average price is $57.65. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11.

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 paid a dividend of $0.7278 per share. This represents a $2.91 annualized dividend and a yield of 4.91%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank's dividend payout ratio is presently 84.71%.

Analyst Upgrades and Downgrades

TD has been the subject of several recent analyst reports. Bank of America upgraded Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research report on Friday, January 17th. Desjardins lowered shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Friday, December 6th. Royal Bank of Canada cut their target price on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a "sector perform" rating on the stock in a research report on Friday, December 6th. Scotiabank downgraded shares of Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a report on Friday, December 6th. Finally, Barclays downgraded Toronto-Dominion Bank from an "equal weight" rating to an "underweight" rating in a report on Thursday, November 21st. Two 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. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $80.50.

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.