TD Waterhouse Canada Inc. Trims Stake in The Toronto-Dominion Bank (NYSE:TD)

TD Waterhouse Canada Inc. reduced its stake in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,444,374 shares of the bank's stock after selling 160,887 shares during the quarter. Toronto-Dominion Bank accounts for approximately 4.0% of TD Waterhouse Canada Inc.'s holdings, making the stock its 2nd biggest position. TD Waterhouse Canada Inc. owned 0.54% of Toronto-Dominion Bank worth $502,111,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Lee Danner & Bass Inc. bought a new stake in shares of Toronto-Dominion Bank in the 4th quarter valued at approximately $27,000. Bank of Jackson Hole Trust bought a new stake in Toronto-Dominion Bank in the fourth quarter valued at $32,000. Versant Capital Management Inc boosted 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. Murphy & Mullick Capital Management Corp bought a new stake in shares of Toronto-Dominion Bank in the 4th quarter worth about $39,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Toronto-Dominion Bank during the 4th quarter worth about $51,000. 52.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TD. Jefferies Financial Group cut shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Bank of America raised Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a report on Friday, January 17th. Finally, StockNews.com downgraded Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research report on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $80.50.

Toronto-Dominion Bank Trading Down 0.1 %

NYSE:TD traded down $0.07 during trading hours on Friday, hitting $62.13. 3,173,704 shares of the stock were exchanged, compared to its average volume of 2,382,314. The company has a market capitalization of $107.85 billion, a P/E ratio of 17.90, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. 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's 50 day moving average is $59.40 and its two-hundred day moving average is $57.12. The Toronto-Dominion Bank has a twelve month low of $51.25 and a twelve month high of $64.91.

Toronto-Dominion Bank Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.7278 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.91 annualized dividend and a yield of 4.69%. Toronto-Dominion Bank's dividend payout ratio is currently 85.59%.

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.