Yousif Capital Management LLC Sells 6,820 Shares of The Toronto-Dominion Bank (NYSE:TD)

Yousif Capital Management LLC trimmed its stake in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 25.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,641 shares of the bank's stock after selling 6,820 shares during the period. Yousif Capital Management LLC's holdings in Toronto-Dominion Bank were worth $1,046,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Dunhill Financial LLC grew its stake in shares of 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 buying an additional 249 shares during the period. Versant Capital Management Inc raised its stake in shares of Toronto-Dominion Bank by 40.0% in the 4th quarter. Versant Capital Management Inc now owns 700 shares of the bank's stock valued at $37,000 after purchasing an additional 200 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Toronto-Dominion Bank in the 4th quarter valued at about $58,000. Morse Asset Management Inc acquired a new stake in Toronto-Dominion Bank during the third quarter worth about $63,000. Finally, Eastern Bank acquired a new stake in Toronto-Dominion Bank during the third quarter worth about $66,000. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto-Dominion Bank Stock Up 0.1 %

Shares of TD stock traded up $0.07 during trading on Tuesday, reaching $59.82. The company's stock had a trading volume of 298,789 shares, compared to its average volume of 2,780,290. The business has a fifty day moving average price of $55.50 and a 200-day moving average price of $57.45. 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 company has a market cap of $104.70 billion, a price-to-earnings ratio of 17.25, a price-to-earnings-growth ratio of 1.86 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.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were issued 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 dividend yield of 5.00%. The ex-dividend date of this dividend was Friday, January 10th. Toronto-Dominion Bank's payout ratio is currently 84.15%.

Analyst Upgrades and Downgrades

Several research analysts have commented on TD shares. 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. StockNews.com upgraded shares of Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a research report on Wednesday, February 5th. Barclays downgraded shares of Toronto-Dominion Bank from an "equal weight" rating to an "underweight" rating in a research report on Thursday, November 21st. Desjardins downgraded shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Friday, December 6th. Finally, Royal Bank of Canada dropped their price target on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a "sector perform" rating on the stock in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average 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.