Mediolanum International Funds Ltd Cuts Stake in The Toronto-Dominion Bank (NYSE:TD)

Mediolanum International Funds Ltd lessened its position in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 10.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,582 shares of the bank's stock after selling 13,309 shares during the period. Mediolanum International Funds Ltd's holdings in Toronto-Dominion Bank were worth $5,792,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Dunhill Financial LLC grew its stake in Toronto-Dominion Bank by 164.9% in the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank's stock valued at $25,000 after buying an additional 249 shares during the last quarter. Versant Capital Management Inc grew its position 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 purchasing an additional 200 shares during the last quarter. Morse Asset Management Inc bought a new position in shares of Toronto-Dominion Bank during the third quarter worth approximately $63,000. Eastern Bank acquired a new stake in Toronto-Dominion Bank during the 3rd quarter worth approximately $66,000. Finally, Union Bancaire Privee UBP SA bought a new stake in Toronto-Dominion Bank in the 4th quarter valued at $58,000. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Barclays cut Toronto-Dominion Bank from an "equal weight" rating to an "underweight" rating in a research report on Thursday, November 21st. Royal Bank of Canada dropped their price objective on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a "sector perform" rating for the company in a research note on Friday, December 6th. BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a research report on Thursday, December 19th. StockNews.com cut shares of Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a report on Friday, December 27th. Finally, Scotiabank downgraded Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a research report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Toronto-Dominion Bank has an average rating of "Hold" and an average price target of $80.50.

Toronto-Dominion Bank Trading Up 0.3 %

Shares of NYSE:TD traded up $0.15 during mid-day trading on Wednesday, hitting $57.47. The company had a trading volume of 3,542,127 shares, compared to its average volume of 2,982,914. The company has a market capitalization of $100.59 billion, a PE ratio of 16.56, a price-to-earnings-growth ratio of 1.82 and a beta of 0.84. The Toronto-Dominion Bank has a one year low of $51.25 and a one year high of $64.91. The firm has a fifty day moving average price of $54.75 and a 200 day moving average price of $57.38. 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 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 10th were given a dividend of $0.7482 per share. This is a positive change from Toronto-Dominion Bank's previous quarterly dividend of $0.74. This represents a $2.99 dividend on an annualized basis and a dividend yield of 5.21%. The ex-dividend date of this dividend was Friday, January 10th. Toronto-Dominion Bank's dividend payout ratio (DPR) is presently 84.15%.

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.