M. Kulyk & Associates LLC Reduces Stake in The Toronto-Dominion Bank (NYSE:TD)

M. Kulyk & Associates LLC reduced its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 3.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 110,261 shares of the bank’s stock after selling 3,495 shares during the period. Toronto-Dominion Bank accounts for about 1.3% of M. Kulyk & Associates LLC’s holdings, making the stock its 29th largest holding. M. Kulyk & Associates LLC’s holdings in Toronto-Dominion Bank were worth $5,870,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Scheer Rowlett & Associates Investment Management Ltd. increased its position in Toronto-Dominion Bank by 5.5% during the fourth quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 2,000,901 shares of the bank’s stock worth $106,391,000 after buying an additional 104,893 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. purchased a new position in Toronto-Dominion Bank during the fourth quarter worth $2,076,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Toronto-Dominion Bank during the fourth quarter worth $267,000. Raymond James Financial Inc. purchased a new position in Toronto-Dominion Bank during the fourth quarter worth $7,865,000. Finally, Proficio Capital Partners LLC purchased a new position in Toronto-Dominion Bank during the fourth quarter worth $581,000. 52.37% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. BMO Capital Markets raised Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 19th. Jefferies Financial Group downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Royal Bank of Canada lowered their price objective on Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating for the company in a research report on Friday, December 6th. Bank of America raised Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research report on Friday, January 17th. Finally, Scotiabank downgraded Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, December 6th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $80.50.

Toronto-Dominion Bank Price Performance

Shares of NYSE:TD opened at $59.58 on Friday. The company has a market cap of $104.40 billion, a P/E ratio of 17.17, a P/E/G 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. The Toronto-Dominion Bank has a 52 week low of $51.25 and a 52 week high of $64.91. The business has a fifty day simple moving average of $57.41 and a 200-day simple moving average of $57.66.

Toronto-Dominion Bank Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be issued a $0.7278 dividend. This represents a $2.91 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date of this dividend is Thursday, April 10th. Toronto-Dominion Bank’s 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.