Great Valley Advisor Group Inc. Lowers Stock Position in The Toronto-Dominion Bank (NYSE:TD)

Great Valley Advisor Group Inc. cut its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 75.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,291 shares of the bank’s stock after selling 15,964 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Toronto-Dominion Bank were worth $342,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bray Capital Advisors grew its position in Toronto-Dominion Bank by 206.7% during the 3rd quarter. Bray Capital Advisors now owns 460 shares of the bank’s stock valued at $28,000 after purchasing an additional 310 shares during the last quarter. Bank of New Hampshire purchased a new position in Toronto-Dominion Bank in the 4th quarter worth approximately $32,000. Avior Wealth Management LLC lifted its position in Toronto-Dominion Bank by 92.9% in the 4th quarter. Avior Wealth Management LLC now owns 594 shares of the bank’s stock valued at $38,000 after acquiring an additional 286 shares in the last quarter. Bruce G. Allen Investments LLC purchased a new stake in Toronto-Dominion Bank during the 4th quarter valued at $50,000. Finally, Bfsg LLC bought a new position in shares of Toronto-Dominion Bank during the fourth quarter valued at $57,000. 52.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TD. Jefferies Financial Group initiated coverage on shares of Toronto-Dominion Bank in a research note on Thursday, February 22nd. They issued a “hold” rating for the company. Barclays started coverage on shares of Toronto-Dominion Bank in a report on Wednesday, March 20th. They issued an “equal weight” rating on the stock. Finally, Scotiabank raised shares of Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, April 17th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $89.33.

Toronto-Dominion Bank Price Performance

Shares of Toronto-Dominion Bank stock opened at $54.66 on Monday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.09. The Toronto-Dominion Bank has a 52 week low of $54.12 and a 52 week high of $66.15. The stock’s 50-day simple moving average is $59.16 and its 200-day simple moving average is $60.04. The company has a market capitalization of $96.38 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 1.71 and a beta of 0.84.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings data on Thursday, February 29th. The bank reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.05. The firm had revenue of $10.07 billion during the quarter, compared to analyst estimates of $9.35 billion. Toronto-Dominion Bank had a return on equity of 14.15% and a net margin of 11.16%. As a group, analysts expect that The Toronto-Dominion Bank will post 5.77 earnings per share for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th were given a dividend of $0.7519 per share. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. This represents a $3.01 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date was Monday, April 8th. Toronto-Dominion Bank’s dividend payout ratio is currently 64.53%.

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.