Cetera Investment Advisers Trims Stock Position in The Toronto-Dominion Bank (NYSE:TD)

Cetera Investment Advisers cut its stake in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 40.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,034 shares of the bank's stock after selling 28,861 shares during the quarter. Cetera Investment Advisers' holdings in Toronto-Dominion Bank were worth $2,291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of TD. Lee Danner & Bass Inc. bought a new stake in Toronto-Dominion Bank during the fourth quarter valued at approximately $27,000. Bank of Jackson Hole Trust bought a new stake in shares of Toronto-Dominion Bank in the 4th quarter worth approximately $32,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Toronto-Dominion Bank in the 4th quarter worth approximately $39,000. SBI Securities Co. Ltd. bought a new stake in shares of Toronto-Dominion Bank in the 4th quarter worth approximately $51,000. Finally, TD Private Client Wealth LLC lifted its holdings in shares of Toronto-Dominion Bank by 321.4% in the 4th quarter. TD Private Client Wealth LLC now owns 1,003 shares of the bank's stock worth $53,000 after acquiring an additional 765 shares during the last quarter. 52.37% of the stock is currently owned by institutional investors.

Toronto-Dominion Bank Stock Down 1.1%

Shares of NYSE TD opened at $64.27 on Monday. 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 52 week low of $51.25 and a 52 week high of $64.97. The firm's fifty day moving average is $60.69 and its 200 day moving average is $57.81. The company has a market cap of $111.56 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 1.95 and a beta of 0.81.

Toronto-Dominion Bank Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TD shares. Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Tuesday, February 18th. StockNews.com upgraded shares of Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Finally, Scotiabank started coverage on shares of Toronto-Dominion Bank in a report on Thursday. They issued a "sector perform" rating for the company. One research analyst has rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Toronto-Dominion Bank currently has an average rating of "Hold" and a consensus price target of $80.50.

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.

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