The Toronto-Dominion Bank (NYSE:TD) Shares Sold by Net Worth Advisory Group

Net Worth Advisory Group lowered its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 26.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,269 shares of the bank’s stock after selling 1,899 shares during the period. Net Worth Advisory Group’s holdings in Toronto-Dominion Bank were worth $281,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dunhill Financial LLC raised its position in Toronto-Dominion Bank by 164.9% in the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock valued at $25,000 after purchasing an additional 249 shares during the last quarter. Bank of Jackson Hole Trust acquired a new position in Toronto-Dominion Bank in the fourth quarter valued at $32,000. Versant Capital Management Inc raised its holdings in shares of 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 buying an additional 200 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Toronto-Dominion Bank during the fourth quarter worth about $51,000. Finally, Morse Asset Management Inc purchased a new position in shares of Toronto-Dominion Bank during the third quarter worth about $63,000. 52.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on TD. Barclays downgraded Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. Desjardins cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Jefferies Financial Group downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, February 18th. StockNews.com cut shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Monday, February 24th. Finally, Royal Bank of Canada reduced their target price on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating for the company in a research note on Friday, December 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $80.50.

Toronto-Dominion Bank Trading Down 1.7 %

Shares of TD stock opened at $57.76 on Wednesday. The Toronto-Dominion Bank has a 1-year low of $51.25 and a 1-year high of $64.91. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03. The business’s fifty day moving average price is $57.62 and its 200 day moving average price is $57.63. The firm has a market capitalization of $101.20 billion, a PE ratio of 16.64, a P/E/G ratio of 1.95 and a beta of 0.83.

Toronto-Dominion Bank Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be issued a $0.7278 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.91 dividend on an annualized basis and a dividend yield of 5.04%. Toronto-Dominion Bank’s dividend payout ratio is presently 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.