Adirondack Trust Co. lessened its stake in The Toronto-Dominion Bank (NYSE:TD – Free Report) (TSE:TD) by 7.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,562 shares of the bank’s stock after selling 281 shares during the period. Adirondack Trust Co.’s holdings in Toronto-Dominion Bank were worth $190,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the stock. Dunhill Financial LLC boosted its stake in shares of Toronto-Dominion Bank by 164.9% in the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock worth $25,000 after buying an additional 249 shares during the last quarter. Versant Capital Management Inc lifted its holdings 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 period. Kimelman & Baird LLC purchased a new position in Toronto-Dominion Bank in the second quarter worth about $49,000. Morse Asset Management Inc bought a new stake in shares of Toronto-Dominion Bank during the 3rd quarter valued at about $63,000. Finally, Eastern Bank purchased a new stake in shares of Toronto-Dominion Bank during the 3rd quarter valued at about $66,000. Institutional investors own 52.37% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on TD. Bank of America raised shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 19th. Jefferies Financial Group upgraded Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Royal Bank of Canada decreased their target price on Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating on the stock in a report on Friday, December 6th. Finally, Barclays lowered Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $80.50.
Toronto-Dominion Bank Trading Down 0.6 %
Shares of TD stock opened at $56.90 on Thursday. 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 stock has a fifty day simple moving average of $54.53 and a two-hundred day simple moving average of $57.36. The firm has a market capitalization of $99.60 billion, a PE ratio of 16.40, a PEG ratio of 1.83 and a beta of 0.83. The Toronto-Dominion Bank has a 52-week low of $51.25 and a 52-week high of $64.91.
Toronto-Dominion Bank Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 10th will be given a dividend of $0.7482 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $2.99 annualized dividend and a dividend yield of 5.26%. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 84.15%.
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.
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