Mufg Securities Canada LTD. trimmed its position in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 71.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,669,721 shares of the bank's stock after selling 6,730,465 shares during the period. Toronto-Dominion Bank comprises 5.1% of Mufg Securities Canada LTD.'s holdings, making the stock its 5th biggest holding. Mufg Securities Canada LTD. owned approximately 0.15% of Toronto-Dominion Bank worth $142,042,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in the company. Dunhill Financial LLC increased its stake in Toronto-Dominion Bank by 164.9% in the third quarter. Dunhill Financial LLC now owns 400 shares of the bank's stock worth $25,000 after purchasing an additional 249 shares during the period. Lee Danner & Bass Inc. bought a new position in shares of Toronto-Dominion Bank in the fourth quarter worth about $27,000. Bank of Jackson Hole Trust purchased a new position in Toronto-Dominion Bank in the 4th quarter worth about $32,000. Versant Capital Management Inc lifted its holdings in Toronto-Dominion Bank by 40.0% during the 4th quarter. Versant Capital Management Inc now owns 700 shares of the bank's stock valued at $37,000 after buying an additional 200 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in Toronto-Dominion Bank in the 4th quarter valued at about $39,000. 52.37% of the stock is currently owned by institutional investors.
Toronto-Dominion Bank Stock Down 1.1 %
Shares of NYSE:TD traded down $0.65 during trading on Friday, reaching $60.31. The stock had a trading volume of 4,689,721 shares, compared to its average volume of 2,563,599. The Toronto-Dominion Bank has a one year low of $51.25 and a one year high of $64.91. The firm's 50-day simple moving average is $58.99 and its 200 day simple moving average is $57.64. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $105.67 billion, a P/E ratio of 17.38, a PEG ratio of 1.95 and a beta of 0.83.
Toronto-Dominion Bank Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be given a $0.7278 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.91 dividend on an annualized basis and a dividend yield of 4.83%. Toronto-Dominion Bank's payout ratio is 85.29%.
Wall Street Analyst Weigh In
TD has been the subject of several research analyst reports. Desjardins downgraded shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Friday, December 6th. Scotiabank cut Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a report on Friday, December 6th. Royal Bank of Canada cut their price target on 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. 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. Finally, Jefferies Financial Group cut shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $80.50.
Read Our Latest Stock Report on TD
Toronto-Dominion Bank Company Profile
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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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