Wright Investors Service Inc. Lowers Holdings in The Toronto-Dominion Bank (NYSE:TD)

Wright Investors Service Inc. decreased its position in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 67.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,195 shares of the bank's stock after selling 13,015 shares during the quarter. Wright Investors Service Inc.'s holdings in Toronto-Dominion Bank were worth $330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Cerity Partners LLC increased its position in Toronto-Dominion Bank by 57.1% in the third quarter. Cerity Partners LLC now owns 26,755 shares of the bank's stock worth $1,693,000 after purchasing an additional 9,725 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Toronto-Dominion Bank by 1.5% in 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 in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Toronto-Dominion Bank by 61.1% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,011,579 shares of the bank's stock worth $380,118,000 after buying an additional 2,279,864 shares during the last quarter. Galibier Capital Management Ltd. raised its position in shares of Toronto-Dominion Bank by 24.6% during the 3rd quarter. Galibier Capital Management Ltd. now owns 608,613 shares of the bank's stock valued at $38,527,000 after buying an additional 119,978 shares in the last quarter. Finally, Forsta AP Fonden lifted its holdings in shares of Toronto-Dominion Bank by 3.2% in the 3rd quarter. Forsta AP Fonden now owns 466,500 shares of the bank's stock valued at $29,531,000 after acquiring an additional 14,500 shares during the last quarter. 52.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. BMO Capital Markets raised Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a research note on Thursday, December 19th. StockNews.com downgraded Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research report on Friday, December 27th. Barclays lowered Toronto-Dominion Bank from an "equal weight" rating to an "underweight" rating in a report on Thursday, November 21st. Desjardins cut shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Friday, December 6th. Finally, Royal Bank of Canada reduced their target price on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a "sector perform" rating on the stock in a research note on Friday, December 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has given 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 Trading Up 0.9 %

Toronto-Dominion Bank stock traded up $0.48 during mid-day trading on Tuesday, hitting $54.74. The company's stock had a trading volume of 2,523,366 shares, compared to its average volume of 3,600,546. 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 company has a 50 day moving average of $54.54 and a 200-day moving average of $57.32. The Toronto-Dominion Bank has a one year low of $51.25 and a one year high of $64.91. The stock has a market cap of $95.81 billion, a PE ratio of 15.78, a P/E/G ratio of 1.69 and a beta of 0.83.

Toronto-Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be issued a $0.7482 dividend. The ex-dividend date is Friday, January 10th. This is a boost from Toronto-Dominion Bank's previous quarterly dividend of $0.74. This represents a $2.99 dividend on an annualized basis and a dividend yield of 5.47%. Toronto-Dominion Bank's dividend payout ratio is presently 83.86%.

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.