The Toronto-Dominion Bank (NYSE:TD) Shares Sold by Barclays PLC

Barclays PLC trimmed its position in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 40.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 121,962 shares of the bank's stock after selling 83,675 shares during the quarter. Barclays PLC's holdings in Toronto-Dominion Bank were worth $6,493,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. CenterBook Partners LP boosted its position in shares of Toronto-Dominion Bank by 158.4% during the 4th quarter. CenterBook Partners LP now owns 205,415 shares of the bank's stock worth $10,936,000 after purchasing an additional 125,920 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Toronto-Dominion Bank during the fourth quarter worth about $7,865,000. Renaissance Technologies LLC grew its position in Toronto-Dominion Bank by 19.2% during the fourth quarter. Renaissance Technologies LLC now owns 738,580 shares of the bank's stock worth $39,322,000 after buying an additional 119,000 shares during the period. FIL Ltd grew its position in Toronto-Dominion Bank by 17.3% during the fourth quarter. FIL Ltd now owns 38,989,749 shares of the bank's stock worth $2,075,819,000 after buying an additional 5,756,584 shares during the period. Finally, Invesco Ltd. increased its holdings in Toronto-Dominion Bank by 6.8% in the fourth quarter. Invesco Ltd. now owns 4,694,139 shares of the bank's stock valued at $249,916,000 after buying an additional 299,689 shares in the last quarter. 52.37% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on TD. Bank of America upgraded Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a report on Friday, January 17th. StockNews.com cut Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research report on Monday, February 24th. Finally, Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. 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 issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $80.50.

Toronto-Dominion Bank Price Performance

Shares of TD traded up $0.52 during trading hours on Tuesday, reaching $63.26. 616,071 shares of the company traded hands, compared to its average volume of 2,478,152. The stock has a fifty day simple moving average of $59.49 and a 200 day simple moving average of $57.09. The Toronto-Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $64.91. The stock has a market capitalization of $109.81 billion, a PE ratio of 18.24, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11.

Toronto-Dominion Bank Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.7278 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.91 dividend on an annualized basis and a dividend yield of 4.60%. Toronto-Dominion Bank's dividend payout ratio (DPR) is presently 85.59%.

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.