LPL Financial LLC lessened its holdings in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 30.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 148,769 shares of the bank's stock after selling 66,591 shares during the quarter. LPL Financial LLC's holdings in Toronto-Dominion Bank were worth $7,920,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of TD. Asahi Life Asset Management CO. LTD. bought a new stake in shares of Toronto-Dominion Bank in the 4th quarter worth about $416,000. Nicola Wealth Management LTD. increased its holdings in Toronto-Dominion Bank by 15.5% in the fourth quarter. Nicola Wealth Management LTD. now owns 510,002 shares of the bank's stock valued at $27,153,000 after buying an additional 68,400 shares during the last quarter. Hillsdale Investment Management Inc. increased its holdings in Toronto-Dominion Bank by 608.0% in the fourth quarter. Hillsdale Investment Management Inc. now owns 456,391 shares of the bank's stock valued at $24,271,000 after buying an additional 391,930 shares during the last quarter. Mutual Advisors LLC raised its stake in Toronto-Dominion Bank by 467.0% during the fourth quarter. Mutual Advisors LLC now owns 24,779 shares of the bank's stock valued at $1,371,000 after buying an additional 20,409 shares in the last quarter. Finally, Dixon Mitchell Investment Counsel Inc. lifted its holdings in Toronto-Dominion Bank by 1.2% during the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 1,469,207 shares of the bank's stock worth $78,193,000 after buying an additional 16,714 shares during the last quarter. 52.37% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on TD shares. StockNews.com downgraded Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a report on Monday, February 24th. Bank of America upgraded shares of Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. Jefferies Financial Group downgraded shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Finally, BMO Capital Markets raised shares of Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a research report on Thursday, December 19th. Two research 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. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $80.50.
Read Our Latest Analysis on TD
Toronto-Dominion Bank Stock Performance
Shares of TD stock traded down $1.02 during trading hours on Thursday, reaching $56.54. The stock had a trading volume of 2,933,631 shares, compared to its average volume of 2,536,921. The firm has a market capitalization of $99.07 billion, a PE ratio of 16.29, 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 $59.08 and a 200-day simple moving average of $57.26. The Toronto-Dominion Bank has a twelve month low of $51.25 and a twelve month high of $64.91. 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 declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be paid a $0.7278 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.91 annualized dividend and a dividend yield of 5.15%. Toronto-Dominion Bank's payout ratio is currently 85.29%.
Toronto-Dominion Bank Company Profile
(
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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