The Toronto-Dominion Bank (NYSE:TD) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP decreased its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 26.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 207,511 shares of the bank’s stock after selling 73,916 shares during the period. Wellington Management Group LLP’s holdings in Toronto-Dominion Bank were worth $11,042,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Asahi Life Asset Management CO. LTD. purchased a new position in shares of Toronto-Dominion Bank in the 4th quarter valued at $416,000. Vanguard Group Inc. grew its position in shares of Toronto-Dominion Bank by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 74,118,551 shares of the bank’s stock valued at $3,946,072,000 after buying an additional 1,415,934 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Toronto-Dominion Bank by 3.4% in the 4th quarter. JPMorgan Chase & Co. now owns 7,213,418 shares of the bank’s stock valued at $384,042,000 after buying an additional 236,037 shares during the last quarter. Nicola Wealth Management LTD. grew its position in shares of Toronto-Dominion Bank by 15.5% in the 4th quarter. Nicola Wealth Management LTD. now owns 510,002 shares of the bank’s stock valued at $27,153,000 after buying an additional 68,400 shares during the last quarter. Finally, Hillsdale Investment Management Inc. grew its position in shares of Toronto-Dominion Bank by 608.0% in the 4th quarter. Hillsdale Investment Management Inc. now owns 456,391 shares of the bank’s stock valued at $24,271,000 after buying an additional 391,930 shares during the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. 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. StockNews.com downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Monday, February 24th. Jefferies Financial Group downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. 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 given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $80.50.

Toronto-Dominion Bank Stock Performance

Shares of TD stock opened at $57.55 on Thursday. The Toronto-Dominion Bank has a one year low of $51.25 and a one year high of $64.91. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.03 and a current ratio of 1.03. The company has a 50 day moving average price of $59.08 and a 200 day moving average price of $57.31. The firm has a market capitalization of $100.85 billion, a price-to-earnings ratio of 16.59, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73.

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 5.06%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank’s payout ratio is currently 85.29%.

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.