CANADA LIFE ASSURANCE Co Has $61.43 Million Holdings in The Toronto-Dominion Bank (NYSE:TD)

CANADA LIFE ASSURANCE Co cut its holdings in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 21.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,155,126 shares of the bank's stock after selling 316,234 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.07% of Toronto-Dominion Bank worth $61,429,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in TD. Lee Danner & Bass Inc. bought a new position in Toronto-Dominion Bank during the 4th quarter worth $27,000. Bank of Jackson Hole Trust bought a new stake in Toronto-Dominion Bank in the fourth quarter valued at approximately $32,000. Versant Capital Management Inc boosted its holdings 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 last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in Toronto-Dominion Bank during the 4th quarter valued at approximately $39,000. Finally, SBI Securities Co. Ltd. bought a new position in Toronto-Dominion Bank during the 4th quarter worth approximately $51,000. 52.37% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TD has been the subject of several recent analyst reports. Bank of America upgraded shares of Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research report on Friday, January 17th. Jefferies Financial Group downgraded Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Tuesday, February 18th. Finally, StockNews.com downgraded Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research note on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $80.50.

Toronto-Dominion Bank Stock Down 0.2 %

Shares of TD traded down $0.13 during trading hours on Wednesday, hitting $61.83. The stock had a trading volume of 575,267 shares, compared to its average volume of 2,484,669. The Toronto-Dominion Bank has a 1-year low of $51.25 and a 1-year high of $64.91. The firm has a market capitalization of $108.35 billion, a P/E ratio of 17.82, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. The firm has a 50 day simple moving average of $59.31 and a 200-day simple moving average of $57.09. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03.

Toronto-Dominion Bank Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be given a dividend of $0.7278 per share. This represents a $2.91 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank's payout ratio is 85.59%.

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.