Deutsche Bank AG Sells 893,942 Shares of The Toronto-Dominion Bank (NYSE:TD)

Deutsche Bank AG lessened its position in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 11.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,990,902 shares of the bank's stock after selling 893,942 shares during the quarter. Deutsche Bank AG owned approximately 0.40% of Toronto-Dominion Bank worth $372,196,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Lee Danner & Bass Inc. acquired a new stake in Toronto-Dominion Bank in the fourth quarter worth $27,000. Bank of Jackson Hole Trust bought a new position in shares of Toronto-Dominion Bank during the fourth quarter valued at about $32,000. CoreCap Advisors LLC boosted its holdings in Toronto-Dominion Bank by 57.5% during the fourth quarter. CoreCap Advisors LLC now owns 630 shares of the bank's stock worth $34,000 after purchasing an additional 230 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in Toronto-Dominion Bank in the 4th quarter worth about $39,000. Finally, SBI Securities Co. Ltd. purchased a new stake in Toronto-Dominion Bank in the 4th quarter valued at about $51,000. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TD shares. Bank of America upgraded shares of Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. Jefferies Financial Group cut shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Finally, StockNews.com lowered Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research note on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $80.50.

Toronto-Dominion Bank Stock Up 0.4%

Shares of Toronto-Dominion Bank stock traded up $0.28 during trading on Wednesday, hitting $64.22. The company's stock had a trading volume of 618,261 shares, compared to its average volume of 2,380,910. The Toronto-Dominion Bank has a 52 week low of $51.25 and a 52 week 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 company has a fifty day simple moving average of $60.35 and a two-hundred day simple moving average of $57.61. The company has a market capitalization of $111.48 billion, a PE ratio of 18.51, a P/E/G ratio of 1.95 and a beta of 0.81.

Toronto-Dominion Bank Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th were paid a $0.7278 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $2.91 dividend on an annualized basis and a dividend yield of 4.53%. Toronto-Dominion Bank's dividend payout ratio is currently 85.59%.

Toronto-Dominion Bank 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.