Vontobel Holding Ltd. Trims Position in The Toronto-Dominion Bank (NYSE:TD)

Vontobel Holding Ltd. lowered its position in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 39.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,118 shares of the bank's stock after selling 7,976 shares during the period. Vontobel Holding Ltd.'s holdings in Toronto-Dominion Bank were worth $644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dunhill Financial LLC grew its holdings in shares of Toronto-Dominion Bank by 164.9% during the third quarter. Dunhill Financial LLC now owns 400 shares of the bank's stock valued at $25,000 after buying an additional 249 shares during the last quarter. Versant Capital Management Inc lifted its position in Toronto-Dominion Bank by 40.0% during the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank's stock valued at $37,000 after purchasing an additional 200 shares during the period. Morse Asset Management Inc acquired a new position in Toronto-Dominion Bank during the third quarter valued at $63,000. Eastern Bank acquired a new position in shares of Toronto-Dominion Bank in the third quarter worth about $66,000. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Toronto-Dominion Bank in the fourth quarter worth about $58,000. Institutional investors own 52.37% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have 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. Jefferies Financial Group downgraded Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Tuesday. Bank of America upgraded Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research report on Friday, January 17th. StockNews.com upgraded Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a research report on Wednesday, February 5th. Finally, Scotiabank downgraded Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the 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 Stock Performance

Shares of Toronto-Dominion Bank stock traded down $0.59 on Friday, hitting $59.78. The stock had a trading volume of 555,296 shares, compared to its average volume of 2,657,987. 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's 50 day moving average price is $55.91 and its 200 day moving average price is $57.51. The Toronto-Dominion Bank has a 52-week low of $51.25 and a 52-week high of $64.91. The stock has a market cap of $104.63 billion, a price-to-earnings ratio of 17.23, a P/E/G ratio of 1.94 and a beta of 0.84.

Toronto-Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 10th were issued a $0.7482 dividend. The ex-dividend date was Friday, January 10th. This represents a $2.99 dividend on an annualized basis and a dividend yield of 5.01%. This is a boost from Toronto-Dominion Bank's previous quarterly dividend of $0.74. Toronto-Dominion Bank's dividend payout ratio is currently 84.15%.

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.