The Toronto-Dominion Bank (NYSE:TD) Shares Sold by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC cut its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 23.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 11,004 shares of the bank’s stock after selling 3,293 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Toronto-Dominion Bank were worth $586,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. LGT Group Foundation lifted its position in Toronto-Dominion Bank by 31.7% during the 4th quarter. LGT Group Foundation now owns 8,300 shares of the bank’s stock worth $441,000 after acquiring an additional 2,000 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Toronto-Dominion Bank during the 4th quarter worth approximately $51,000. Jones Financial Companies Lllp lifted its position in Toronto-Dominion Bank by 82.5% during the 4th quarter. Jones Financial Companies Lllp now owns 21,233 shares of the bank’s stock worth $1,130,000 after acquiring an additional 9,601 shares in the last quarter. Asahi Life Asset Management CO. LTD. acquired a new position in Toronto-Dominion Bank during the 4th quarter worth approximately $416,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Toronto-Dominion Bank during the 4th quarter worth approximately $176,000. 52.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TD has been the topic of several recent research reports. Barclays lowered Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research report on Thursday, November 21st. Royal Bank of Canada cut their target price on Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating on the stock in a research report on Friday, December 6th. Jefferies Financial Group lowered Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. BMO Capital Markets raised Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 19th. Finally, StockNews.com lowered Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $80.50.

Toronto-Dominion Bank Stock Performance

TD stock opened at $57.76 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11. The firm has a market cap of $101.20 billion, a P/E ratio of 16.64, a P/E/G ratio of 1.95 and a beta of 0.83. The Toronto-Dominion Bank has a 12-month low of $51.25 and a 12-month high of $64.91. The stock’s 50 day simple moving average is $57.62 and its 200 day simple moving average is $57.63.

Toronto-Dominion Bank Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be given a dividend of $0.7278 per share. This represents a $2.91 annualized dividend and a dividend yield of 5.04%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank’s dividend payout ratio is currently 85.29%.

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.