The Toronto-Dominion Bank (NYSE:TD) Stock Holdings Lessened by Captrust Financial Advisors

Captrust Financial Advisors decreased its holdings in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 34.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,898 shares of the bank's stock after selling 6,334 shares during the quarter. Captrust Financial Advisors' holdings in Toronto-Dominion Bank were worth $633,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Lee Danner & Bass Inc. acquired a new stake in shares of Toronto-Dominion Bank in the 4th quarter valued at $27,000. Bank of Jackson Hole Trust acquired a new stake in Toronto-Dominion Bank during the fourth quarter worth approximately $32,000. Murphy & Mullick Capital Management Corp acquired a new stake in Toronto-Dominion Bank during the fourth quarter worth approximately $39,000. SBI Securities Co. Ltd. acquired a new stake in Toronto-Dominion Bank during the fourth quarter worth approximately $51,000. Finally, TD Private Client Wealth LLC raised its holdings in Toronto-Dominion Bank by 321.4% during the fourth quarter. TD Private Client Wealth LLC now owns 1,003 shares of the bank's stock worth $53,000 after purchasing an additional 765 shares in the last quarter. Institutional investors and hedge funds own 52.37% of the company's stock.

Toronto-Dominion Bank Trading Down 0.1%

TD traded down $0.04 during trading on Tuesday, hitting $64.70. 1,465,377 shares of the company's stock were exchanged, compared to its average volume of 2,380,770. The firm has a market cap of $112.31 billion, a P/E ratio of 18.65, a price-to-earnings-growth ratio of 1.95 and a beta of 0.81. The stock has a 50 day moving average price of $60.82 and a 200 day moving average price of $57.87. The Toronto-Dominion Bank has a 1 year low of $51.25 and a 1 year high of $65.01. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11.

Toronto-Dominion Bank Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th were given a $0.7278 dividend. This represents a $2.91 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date was Thursday, April 10th. Toronto-Dominion Bank's dividend payout ratio (DPR) is 85.59%.

Wall Street Analyst Weigh In

TD has been the subject of a number of research analyst reports. Jefferies Financial Group cut Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. StockNews.com raised shares of Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Finally, Scotiabank started coverage on shares of Toronto-Dominion Bank in a research report on Thursday, May 15th. They set a "sector perform" rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Toronto-Dominion Bank currently has a consensus rating of "Hold" and an average price target of $80.50.

About Toronto-Dominion Bank

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.