Y Intercept Hong Kong Ltd Cuts Position in The Toronto-Dominion Bank (NYSE:TD)

Y Intercept Hong Kong Ltd cut its stake in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 38.8% in the 4th quarter, Holdings Channel reports. The fund owned 16,938 shares of the bank’s stock after selling 10,727 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Toronto-Dominion Bank were worth $902,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TD. International Assets Investment Management LLC bought a new stake in Toronto-Dominion Bank in the third quarter worth $4,162,000. Wealth Enhancement Advisory Services LLC lifted its stake in Toronto-Dominion Bank by 16.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,895 shares of the bank’s stock worth $436,000 after purchasing an additional 992 shares during the last quarter. First Trust Direct Indexing L.P. lifted its stake in Toronto-Dominion Bank by 30.3% in the third quarter. First Trust Direct Indexing L.P. now owns 16,049 shares of the bank’s stock worth $1,015,000 after purchasing an additional 3,730 shares during the last quarter. Pinnacle Associates Ltd. lifted its stake in Toronto-Dominion Bank by 8.4% in the third quarter. Pinnacle Associates Ltd. now owns 26,440 shares of the bank’s stock worth $1,709,000 after purchasing an additional 2,042 shares during the last quarter. Finally, US Bancorp DE lifted its stake in Toronto-Dominion Bank by 3.2% in the third quarter. US Bancorp DE now owns 17,396 shares of the bank’s stock worth $1,100,000 after purchasing an additional 535 shares during the last quarter. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on TD shares. BMO Capital Markets raised shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 19th. StockNews.com downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Monday. Jefferies Financial Group downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Barclays downgraded shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. Finally, Bank of America raised shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $80.50.

Toronto-Dominion Bank Price Performance

TD stock opened at $59.79 on Friday. The Toronto-Dominion Bank has a 1 year low of $51.25 and a 1 year high of $64.91. The company has a market cap of $104.76 billion, a P/E ratio of 17.23, a PEG ratio of 1.95 and a beta of 0.84. The firm has a 50-day moving average of $56.62 and a 200 day moving average of $57.62. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03.

Toronto-Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 10th were paid a $0.7482 dividend. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. This represents a $2.99 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date was Friday, January 10th. Toronto-Dominion Bank’s dividend payout ratio is presently 83.86%.

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.