Amundi Sells 137,323 Shares of The Toronto-Dominion Bank (NYSE:TD)

Amundi trimmed its stake in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 5.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,417,392 shares of the bank's stock after selling 137,323 shares during the period. Amundi owned 0.14% of Toronto-Dominion Bank worth $130,997,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TD. The Manufacturers Life Insurance Company lifted its stake 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 valued at $854,815,000 after buying an additional 2,689,532 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings 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 valued at $380,118,000 after acquiring an additional 2,279,864 shares during the period. Quadrature Capital Ltd boosted its stake in shares of Toronto-Dominion Bank by 175.5% in the third quarter. Quadrature Capital Ltd now owns 2,467,300 shares of the bank's stock worth $156,202,000 after acquiring an additional 1,571,700 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Toronto-Dominion Bank by 64.6% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,273,520 shares of the bank's stock worth $143,922,000 after acquiring an additional 892,183 shares during the period. Finally, CIBC Asset Management Inc grew its position in shares of Toronto-Dominion Bank by 5.4% during the third quarter. CIBC Asset Management Inc now owns 16,515,643 shares of the bank's stock worth $1,046,825,000 after purchasing an additional 853,313 shares in the last quarter. 52.37% of the stock is owned by institutional investors.

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Analyst Ratings Changes

Several research firms have weighed in on TD. Bank of America upgraded Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. Barclays lowered shares of Toronto-Dominion Bank from an "equal weight" rating to an "underweight" rating in a research report on Thursday, November 21st. Royal Bank of Canada reduced their price target on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a "sector perform" rating on the stock in a report on Friday, December 6th. Desjardins cut shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Friday, December 6th. Finally, Scotiabank lowered Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a research report on Friday, December 6th. Two equities 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 issued a strong buy rating to the company. Based on data from MarketBeat, Toronto-Dominion Bank has an average rating of "Hold" and an average target price of $80.50.

Toronto-Dominion Bank Price Performance

Shares of NYSE:TD traded up $0.63 on Wednesday, reaching $58.30. The company's stock had a trading volume of 415,908 shares, compared to its average volume of 2,411,174. The company has a 50-day simple moving average of $57.62 and a 200 day simple moving average of $57.63. The Toronto-Dominion Bank has a 52-week low of $51.25 and a 52-week high of $64.91. 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 has a market cap of $102.14 billion, a P/E ratio of 16.82, a PEG ratio of 1.95 and a beta of 0.83.

Toronto-Dominion Bank Cuts Dividend

The business 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 dividend of $0.7278 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.91 dividend on an annualized basis and a yield of 4.99%. Toronto-Dominion Bank's dividend payout ratio (DPR) is presently 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.