Value Partners Investments Inc. Reduces Stock Position in The Toronto-Dominion Bank (NYSE:TD)

Value Partners Investments Inc. cut its stake in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 89.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 118,337 shares of the bank's stock after selling 969,642 shares during the quarter. Toronto-Dominion Bank accounts for about 0.2% of Value Partners Investments Inc.'s investment portfolio, making the stock its 3rd largest holding. Value Partners Investments Inc.'s holdings in Toronto-Dominion Bank were worth $6,300,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Toronto-Dominion Bank during the fourth quarter valued at about $992,204,000. FIL Ltd boosted its holdings in Toronto-Dominion Bank by 17.3% during the fourth quarter. FIL Ltd now owns 38,989,749 shares of the bank's stock worth $2,075,819,000 after buying an additional 5,756,584 shares in the last quarter. Geode Capital Management LLC boosted its position in Toronto-Dominion Bank by 32.2% during the fourth quarter. Geode Capital Management LLC now owns 10,526,821 shares of the bank's stock worth $569,878,000 after purchasing an additional 2,564,648 shares in the last quarter. Vanguard Group Inc. raised its position in Toronto-Dominion Bank by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 74,118,551 shares of the bank's stock worth $3,946,072,000 after acquiring an additional 1,415,934 shares during the period. Finally, Guardian Partners Inc. purchased a new stake in Toronto-Dominion Bank during the 4th quarter worth approximately $38,332,000. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Stock Up 0.4 %

TD stock traded up $0.23 during trading on Friday, reaching $60.67. The stock had a trading volume of 1,560,387 shares, compared to its average volume of 2,514,151. 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 Toronto-Dominion Bank has a 1-year low of $51.25 and a 1-year high of $64.91. The firm has a fifty day moving average price of $59.25 and a 200 day moving average price of $57.19. The company has a market capitalization of $106.31 billion, a P/E ratio of 17.48, a PEG ratio of 1.95 and a beta of 0.73.

Toronto-Dominion Bank Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be given a dividend of $0.7278 per share. This represents a $2.91 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date of this dividend is Thursday, April 10th. Toronto-Dominion Bank's payout ratio is 85.59%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Tuesday, February 18th. StockNews.com downgraded shares of Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research report on Monday, February 24th. 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. Finally, BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a research note on Thursday, December 19th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Toronto-Dominion Bank has a consensus rating of "Hold" and a consensus target price of $80.50.

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.