Fiduciary Trust Co lowered its position in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 9.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 87,448 shares of the bank's stock after selling 9,394 shares during the quarter. Fiduciary Trust Co's holdings in Toronto-Dominion Bank were worth $4,656,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of TD. Wealth Enhancement Advisory Services LLC grew its position in shares of Toronto-Dominion Bank by 44.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,977 shares of the bank's stock valued at $531,000 after purchasing an additional 3,082 shares during the period. JCIC Asset Management Inc. increased its position in shares of Toronto-Dominion Bank by 97.3% during the fourth quarter. JCIC Asset Management Inc. now owns 8,590 shares of the bank's stock worth $457,000 after acquiring an additional 4,237 shares in the last quarter. Keystone Financial Planning Inc. raised its holdings in shares of Toronto-Dominion Bank by 4.0% during the fourth quarter. Keystone Financial Planning Inc. now owns 117,713 shares of the bank's stock worth $6,267,000 after acquiring an additional 4,534 shares during the period. Pacifica Partners Inc. lifted its position in Toronto-Dominion Bank by 1.2% in the 4th quarter. Pacifica Partners Inc. now owns 65,777 shares of the bank's stock valued at $3,489,000 after acquiring an additional 780 shares in the last quarter. Finally, Pines Wealth Management LLC acquired a new position in Toronto-Dominion Bank in the 4th quarter worth $274,000. Institutional investors own 52.37% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on TD shares. Bank of America raised Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. StockNews.com cut Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research note on Monday, February 24th. Finally, 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. Two analysts have rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $80.50.
Get Our Latest Stock Report on TD
Toronto-Dominion Bank Stock Up 0.2 %
NYSE:TD opened at $63.19 on Friday. The firm has a market capitalization of $109.69 billion, a price-to-earnings ratio of 18.21, a price-to-earnings-growth ratio of 1.95 and a beta of 0.81. 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 twelve month low of $51.25 and a twelve month high of $64.91. The stock's 50 day moving average price is $60.17 and its two-hundred day moving average price is $57.51.
Toronto-Dominion Bank Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th were given a dividend of $0.7278 per share. This represents a $2.91 annualized dividend and a yield of 4.61%. The ex-dividend date of this dividend was Thursday, April 10th. Toronto-Dominion Bank's dividend payout ratio (DPR) is currently 85.59%.
About Toronto-Dominion Bank
(
Free Report)
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.
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