The Toronto-Dominion Bank (NYSE:TD) Shares Sold by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. decreased its stake in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 40.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,485 shares of the bank's stock after selling 5,675 shares during the period. Adell Harriman & Carpenter Inc.'s holdings in Toronto-Dominion Bank were worth $452,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Cerity Partners LLC boosted its holdings in shares of Toronto-Dominion Bank by 57.1% in the third quarter. Cerity Partners LLC now owns 26,755 shares of the bank's stock valued at $1,693,000 after acquiring an additional 9,725 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Toronto-Dominion Bank by 1.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,761,308 shares of the bank's stock worth $617,166,000 after purchasing an additional 144,427 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its position in Toronto-Dominion Bank by 61.1% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,011,579 shares of the bank's stock worth $380,118,000 after purchasing an additional 2,279,864 shares during the last quarter. Galibier Capital Management Ltd. increased its stake in Toronto-Dominion Bank by 24.6% in the third quarter. Galibier Capital Management Ltd. now owns 608,613 shares of the bank's stock valued at $38,527,000 after purchasing an additional 119,978 shares during the period. Finally, Forsta AP Fonden raised its holdings in shares of Toronto-Dominion Bank by 3.2% in the third quarter. Forsta AP Fonden now owns 466,500 shares of the bank's stock valued at $29,531,000 after buying an additional 14,500 shares during the last quarter. Institutional investors and hedge funds own 52.37% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TD shares. BMO Capital Markets upgraded Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a research report on Thursday, December 19th. Desjardins cut Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Friday, December 6th. 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. Finally, Jefferies Financial Group downgraded shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Tuesday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Toronto-Dominion Bank presently has a consensus rating of "Hold" and an average price target of $80.50.

Toronto-Dominion Bank Price Performance

Shares of NYSE TD traded up $0.08 during midday trading on Wednesday, hitting $60.13. The company had a trading volume of 1,589,607 shares, compared to its average volume of 2,778,625. 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 business has a 50-day simple moving average of $55.63 and a two-hundred day simple moving average of $57.47. The Toronto-Dominion Bank has a twelve month low of $51.25 and a twelve month high of $64.91. The firm has a market capitalization of $105.26 billion, a price-to-earnings ratio of 17.33, a price-to-earnings-growth ratio of 1.92 and a beta of 0.84.

Toronto-Dominion Bank Increases Dividend

The company 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 4.98%. The ex-dividend date 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.