Wellington Management Group LLP Has $17.82 Million Holdings in The Toronto-Dominion Bank (NYSE:TD)

Wellington Management Group LLP cut its holdings in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 27.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 281,427 shares of the bank's stock after selling 105,999 shares during the quarter. Wellington Management Group LLP's holdings in Toronto-Dominion Bank were worth $17,815,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in shares of Toronto-Dominion Bank during the 2nd quarter valued at $130,000. Assenagon Asset Management S.A. boosted its position in shares of Toronto-Dominion Bank by 1.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 88,774 shares of the bank's stock valued at $4,879,000 after purchasing an additional 1,373 shares during the period. Triad Wealth Partners LLC purchased a new position in Toronto-Dominion Bank in the 2nd quarter worth about $31,000. Blue Trust Inc. raised its holdings in Toronto-Dominion Bank by 50.7% during the 2nd quarter. Blue Trust Inc. now owns 630 shares of the bank's stock worth $38,000 after buying an additional 212 shares during the period. Finally, Gradient Investments LLC lifted its stake in Toronto-Dominion Bank by 3.0% during the second quarter. Gradient Investments LLC now owns 8,159 shares of the bank's stock valued at $448,000 after buying an additional 239 shares in the last quarter. 52.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TD has been the topic of several analyst reports. Scotiabank downgraded shares of Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a research report on Friday, December 6th. Barclays downgraded shares of Toronto-Dominion Bank from an "equal weight" rating to an "underweight" rating in a research note on Thursday, November 21st. National Bank Financial upgraded Toronto-Dominion Bank from an "underperform" rating to a "sector perform" rating in a report on Thursday, August 22nd. Desjardins downgraded Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Friday, December 6th. Finally, Jefferies Financial Group raised Toronto-Dominion Bank from a "hold" rating to a "buy" rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $80.50.

Toronto-Dominion Bank Stock Down 0.4 %

Shares of NYSE TD traded down $0.21 during mid-day trading on Friday, reaching $53.25. The company had a trading volume of 1,933,166 shares, compared to its average volume of 2,728,130. The stock has a market capitalization of $93.20 billion, a PE ratio of 15.36, a price-to-earnings-growth ratio of 1.70 and a beta of 0.82. The Toronto-Dominion Bank has a twelve month low of $51.74 and a twelve month high of $65.12. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.02 and a current ratio of 1.03. The stock's 50 day moving average is $56.29 and its 200-day moving average is $57.53.

Toronto-Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 10th will be given a dividend of $0.7482 per share. This represents a $2.99 annualized dividend and a yield of 5.62%. The ex-dividend date of this dividend is Friday, January 10th. This is a positive change from Toronto-Dominion Bank's previous quarterly dividend of $0.74. Toronto-Dominion Bank's dividend payout ratio (DPR) is presently 89.34%.

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.