Sky Investment Group LLC Sells 3,200 Shares of The Toronto-Dominion Bank (NYSE:TD)

Sky Investment Group LLC cut its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 27.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,596 shares of the bank’s stock after selling 3,200 shares during the quarter. Sky Investment Group LLC’s holdings in Toronto-Dominion Bank were worth $458,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TD. Dunhill Financial LLC increased its holdings in Toronto-Dominion Bank by 164.9% in the 3rd 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 period. Versant Capital Management Inc increased its stake in Toronto-Dominion Bank by 40.0% in the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock valued at $37,000 after acquiring an additional 200 shares during the last quarter. Kimelman & Baird LLC bought a new position in Toronto-Dominion Bank in the second quarter valued at approximately $49,000. Morse Asset Management Inc acquired a new position in Toronto-Dominion Bank during the third quarter valued at approximately $63,000. Finally, Eastern Bank acquired a new stake in shares of Toronto-Dominion Bank in the 3rd quarter valued at $66,000. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto-Dominion Bank Stock Performance

Shares of Toronto-Dominion Bank stock opened at $57.49 on Tuesday. The stock has a market cap of $100.64 billion, a price-to-earnings ratio of 16.57, a P/E/G ratio of 1.84 and a beta of 0.83. The Toronto-Dominion Bank has a twelve month low of $51.25 and a twelve month high of $64.91. The company’s fifty day moving average is $54.48 and its 200 day moving average is $57.34. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11.

Toronto-Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 10th will be given a $0.7482 dividend. This represents a $2.99 dividend on an annualized basis and a dividend yield of 5.21%. The ex-dividend date is Friday, January 10th. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. Toronto-Dominion Bank’s payout ratio is 84.15%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Bank of America upgraded Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research report on Friday. Scotiabank lowered shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday, December 6th. Jefferies Financial Group raised shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Barclays downgraded shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. Finally, BMO Capital Markets raised Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Toronto-Dominion Bank has a consensus rating of “Hold” and an average target price of $80.50.

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.