The Toronto-Dominion Bank (NYSE:TD) Stock Holdings Lessened by Valley National Advisers Inc.

Valley National Advisers Inc. decreased its holdings in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 71.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,852 shares of the bank's stock after selling 4,744 shares during the period. Valley National Advisers Inc.'s holdings in Toronto-Dominion Bank were worth $98,000 at the end of the most recent quarter.

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

Toronto-Dominion Bank Stock Performance

Shares of TD stock traded up $0.40 during trading hours on Thursday, reaching $57.86. The stock had a trading volume of 1,938,200 shares, compared to its average volume of 2,939,387. The firm has a market capitalization of $101.28 billion, a PE ratio of 16.67, a price-to-earnings-growth ratio of 1.82 and a beta of 0.84. The firm has a 50-day simple moving average of $54.77 and a 200-day simple moving average of $57.38. The Toronto-Dominion Bank has a twelve month low of $51.25 and a twelve month high of $64.91. 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 firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 10th were given a $0.7482 dividend. This is a boost from Toronto-Dominion Bank's previous quarterly dividend of $0.74. This represents a $2.99 annualized dividend and a yield of 5.17%. The ex-dividend date was Friday, January 10th. Toronto-Dominion Bank's dividend payout ratio (DPR) is currently 84.15%.

Wall Street Analyst Weigh In

TD has been the topic of a number of research analyst reports. Desjardins lowered shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Friday, December 6th. Bank of America upgraded Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. Jefferies Financial Group raised shares of Toronto-Dominion Bank from a "hold" rating to a "buy" rating in a report on Thursday, December 12th. Barclays cut Toronto-Dominion Bank from an "equal weight" rating to an "underweight" rating in a research note on Thursday, November 21st. Finally, StockNews.com raised shares of Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Toronto-Dominion Bank presently has a consensus rating of "Hold" and a consensus 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.