Wellington Management Group LLP Reduces Stock Position in The Toronto-Dominion Bank (NYSE:TD)

Wellington Management Group LLP lessened its stake in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 26.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 207,511 shares of the bank's stock after selling 73,916 shares during the quarter. Wellington Management Group LLP's holdings in Toronto-Dominion Bank were worth $11,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of TD. CIBC Private Wealth Group LLC increased its holdings in Toronto-Dominion Bank by 300.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 12,238 shares of the bank's stock worth $663,000 after buying an additional 9,183 shares in the last quarter. Beutel Goodman & Co Ltd. grew its stake in shares of Toronto-Dominion Bank by 3.8% in the fourth quarter. Beutel Goodman & Co Ltd. now owns 16,803,807 shares of the bank's stock worth $894,169,000 after acquiring an additional 622,736 shares during the period. Pictet Asset Management Holding SA raised its holdings in shares of Toronto-Dominion Bank by 18.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 950,182 shares of the bank's stock valued at $50,561,000 after purchasing an additional 148,685 shares during the last quarter. Norges Bank bought a new position in Toronto-Dominion Bank during the fourth quarter valued at approximately $992,204,000. Finally, UniSuper Management Pty Ltd grew its holdings in shares of Toronto-Dominion Bank by 26.5% in the fourth quarter. UniSuper Management Pty Ltd now owns 575,800 shares of the bank's stock worth $30,656,000 after acquiring an additional 120,600 shares during the period. Institutional investors own 52.37% of the company's stock.

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Toronto-Dominion Bank Stock Up 0.5 %

NYSE TD traded up $0.30 on Tuesday, hitting $60.26. The stock had a trading volume of 302,631 shares, compared to its average volume of 2,517,673. The Toronto-Dominion Bank has a 52-week low of $51.25 and a 52-week high of $64.91. The business's fifty day moving average price is $59.15 and its 200 day moving average price is $57.16. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market cap of $105.60 billion, a price-to-earnings ratio of 17.36, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73.

Toronto-Dominion Bank Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be given a $0.7278 dividend. This represents a $2.91 annualized dividend and a dividend yield of 4.83%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank's payout ratio is currently 85.59%.

Analyst Ratings Changes

Several research analysts have recently weighed in on TD shares. Bank of America upgraded shares of Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. BMO Capital Markets raised shares of Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a research note on Thursday, December 19th. Jefferies Financial Group cut Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Tuesday, February 18th. Finally, StockNews.com cut Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research note on Monday, February 24th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average 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.