Focus Partners Wealth Boosts Stake in The Toronto-Dominion Bank (NYSE:TD)

Focus Partners Wealth raised its holdings in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 235.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,560 shares of the bank's stock after buying an additional 13,723 shares during the period. Focus Partners Wealth's holdings in Toronto-Dominion Bank were worth $1,041,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Lee Danner & Bass Inc. purchased a new position in Toronto-Dominion Bank during the 4th quarter valued at $27,000. Bank of Jackson Hole Trust bought a new position in shares of Toronto-Dominion Bank in the fourth quarter worth about $32,000. CoreCap Advisors LLC increased its stake in Toronto-Dominion Bank by 57.5% in the 4th quarter. CoreCap Advisors LLC now owns 630 shares of the bank's stock worth $34,000 after buying an additional 230 shares during the period. Murphy & Mullick Capital Management Corp bought a new stake in Toronto-Dominion Bank during the 4th quarter valued at 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. Institutional investors own 52.37% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on TD shares. StockNews.com raised shares of Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a research note on Wednesday. Scotiabank began coverage on Toronto-Dominion Bank in a research report on Thursday. They set a "sector perform" rating for the company. Finally, Jefferies Financial Group downgraded Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $80.50.

Toronto-Dominion Bank Stock Down 1.1%

Shares of NYSE TD opened at $64.27 on Friday. The Toronto-Dominion Bank has a 12-month low of $51.25 and a 12-month high of $64.97. The stock's fifty day simple moving average is $60.69 and its two-hundred day simple moving average is $57.79. The stock has a market capitalization of $111.56 billion, a PE ratio of 18.52, a price-to-earnings-growth ratio of 1.95 and a beta of 0.81. 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 disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 10th were given a dividend of $0.7278 per share. This represents a $2.91 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date of this dividend was Thursday, April 10th. Toronto-Dominion Bank's 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.

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