Eagle Ridge Investment Management lessened its holdings in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 20.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 115,359 shares of the bank's stock after selling 29,969 shares during the quarter. Eagle Ridge Investment Management's holdings in Toronto-Dominion Bank were worth $6,142,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of TD. Dunhill Financial LLC boosted its stake in Toronto-Dominion Bank by 164.9% during the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank's stock valued at $25,000 after purchasing an additional 249 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of 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 buying an additional 200 shares during the period. Union Bancaire Privee UBP SA bought a new position in Toronto-Dominion Bank during the fourth quarter valued at about $58,000. Morse Asset Management Inc acquired a new position in Toronto-Dominion Bank during the third quarter worth about $63,000. Finally, Eastern Bank bought a new stake in Toronto-Dominion Bank in the third quarter worth about $66,000. Institutional investors own 52.37% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the stock. StockNews.com raised shares of Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a research note on Wednesday. Desjardins lowered shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Friday, December 6th. Scotiabank downgraded Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a research report on Friday, December 6th. Jefferies Financial Group upgraded Toronto-Dominion Bank from a "hold" rating to a "buy" rating in a report on Thursday, December 12th. Finally, Bank of America raised Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Toronto-Dominion Bank currently has a consensus rating of "Hold" and a consensus target price of $80.50.
Read Our Latest Stock Analysis on TD
Toronto-Dominion Bank Stock Up 0.1 %
Shares of TD traded up $0.06 during mid-day trading on Friday, reaching $57.98. The company's stock had a trading volume of 2,420,856 shares, compared to its average volume of 2,918,646. The company has a market cap of $101.49 billion, a price-to-earnings ratio of 16.71, a price-to-earnings-growth ratio of 1.82 and a beta of 0.84. The business has a fifty day moving average of $54.80 and a 200 day moving average of $57.38. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11. The Toronto-Dominion Bank has a 1 year low of $51.25 and a 1 year high of $64.91.
Toronto-Dominion Bank Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 10th were paid a $0.7482 dividend. This is an increase from Toronto-Dominion Bank's previous quarterly dividend of $0.74. This represents a $2.99 annualized dividend and a yield of 5.16%. The ex-dividend date was Friday, January 10th. Toronto-Dominion Bank's dividend payout ratio is currently 84.15%.
About Toronto-Dominion Bank
(
Free Report)
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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