The Toronto-Dominion Bank (NYSE:TD) Shares Sold by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co lowered its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 21.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,155,126 shares of the bank’s stock after selling 316,234 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in Toronto-Dominion Bank were worth $61,429,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of TD. Lee Danner & Bass Inc. acquired a new position in Toronto-Dominion Bank in the fourth quarter worth about $27,000. Bank of Jackson Hole Trust bought a new position in Toronto-Dominion Bank during the 4th quarter worth approximately $32,000. Versant Capital Management Inc grew its position in shares of Toronto-Dominion Bank by 40.0% in the 4th quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock worth $37,000 after acquiring an additional 200 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in shares of Toronto-Dominion Bank in the 4th quarter valued at approximately $39,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Toronto-Dominion Bank during the 4th quarter valued at approximately $51,000. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Stock Up 0.4 %

Toronto-Dominion Bank stock opened at $60.67 on Friday. The Toronto-Dominion Bank has a twelve month low of $51.25 and a twelve month 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 firm has a market cap of $106.31 billion, a PE ratio of 17.48, a P/E/G ratio of 1.95 and a beta of 0.73. The firm’s 50 day moving average price is $59.25 and its two-hundred day moving average price is $57.19.

Toronto-Dominion Bank Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be paid 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 yield of 4.80%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 85.59%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. BMO Capital Markets raised shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. 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. Bank of America raised shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. Finally, StockNews.com lowered Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Monday, February 24th. Two equities research 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.com, the stock currently has an average rating of “Hold” and an average price target of $80.50.

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.