HighTower Advisors LLC Trims Stock Position in The Toronto-Dominion Bank (NYSE:TD)

HighTower Advisors LLC lessened its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 0.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 182,629 shares of the bank’s stock after selling 319 shares during the period. HighTower Advisors LLC’s holdings in Toronto-Dominion Bank were worth $9,723,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of TD. The Manufacturers Life Insurance Company raised its position in shares of Toronto-Dominion Bank by 24.9% in the third quarter. The Manufacturers Life Insurance Company now owns 13,509,261 shares of the bank’s stock valued at $854,815,000 after buying an additional 2,689,532 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Toronto-Dominion Bank by 61.1% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,011,579 shares of the bank’s stock valued at $380,118,000 after buying an additional 2,279,864 shares during the last quarter. Quadrature Capital Ltd raised its position in shares of Toronto-Dominion Bank by 175.5% in the third quarter. Quadrature Capital Ltd now owns 2,467,300 shares of the bank’s stock valued at $156,202,000 after buying an additional 1,571,700 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in Toronto-Dominion Bank by 64.6% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,273,520 shares of the bank’s stock worth $143,922,000 after purchasing an additional 892,183 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new position in Toronto-Dominion Bank during the third quarter worth approximately $43,257,000. Institutional investors and hedge funds own 52.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TD shares. Desjardins lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Bank of America raised shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research report on Friday, January 17th. Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. StockNews.com lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Monday, February 24th. Finally, BMO Capital Markets raised shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 19th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Toronto-Dominion Bank has an average rating of “Hold” and a consensus price target of $80.50.

Toronto-Dominion Bank Price Performance

Toronto-Dominion Bank stock opened at $59.76 on Tuesday. The Toronto-Dominion Bank has a 52-week low of $51.25 and a 52-week high of $64.91. The firm has a fifty day moving average of $58.02 and a 200-day moving average of $57.61. The firm has a market capitalization of $104.70 billion, a P/E ratio of 17.22, a PEG ratio of 1.95 and a beta of 0.83. 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 Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders 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 4.87%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank’s payout ratio is currently 85.29%.

Toronto-Dominion Bank 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.