The Toronto-Dominion Bank (NYSE:TD) Shares Sold by Coastline Trust Co

Coastline Trust Co trimmed its holdings in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 70.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,000 shares of the bank's stock after selling 9,674 shares during the period. Coastline Trust Co's holdings in Toronto-Dominion Bank were worth $213,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TD. Morse Asset Management Inc acquired a new position in Toronto-Dominion Bank during the 3rd quarter worth approximately $63,000. MML Investors Services LLC boosted its stake in shares of Toronto-Dominion Bank by 12.2% in the third quarter. MML Investors Services LLC now owns 12,063 shares of the bank's stock valued at $763,000 after purchasing an additional 1,309 shares during the period. Passumpsic Savings Bank increased its stake in Toronto-Dominion Bank by 2.6% during the 3rd quarter. Passumpsic Savings Bank now owns 7,530 shares of the bank's stock worth $476,000 after buying an additional 194 shares during the period. Tudor Financial Inc. purchased a new position in Toronto-Dominion Bank in the 3rd quarter valued at about $268,000. Finally, World Investment Advisors LLC acquired a new stake in shares of Toronto-Dominion Bank during the third quarter valued at about $265,000. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Stock Up 0.4 %

Shares of Toronto-Dominion Bank stock opened at $60.67 on Friday. The Toronto-Dominion Bank has a twelve month low of $51.25 and a twelve month high of $64.91. The stock has a market capitalization of $106.31 billion, a price-to-earnings ratio of 17.48, a PEG ratio of 1.95 and a beta of 0.73. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11. The business's 50 day simple moving average is $59.25 and its 200-day simple moving average is $57.12.

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 given a dividend of $0.7278 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.91 annualized dividend and a dividend yield of 4.80%. Toronto-Dominion Bank's dividend payout ratio is currently 85.59%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on TD shares. StockNews.com lowered Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research note on Monday, February 24th. Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Tuesday, February 18th. Finally, Bank of America raised shares of Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $80.50.

About Toronto-Dominion Bank

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.

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