Janus Henderson Group PLC Sells 11,500 Shares of The Toronto-Dominion Bank (NYSE:TD)

Janus Henderson Group PLC trimmed its holdings in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 6.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 172,347 shares of the bank's stock after selling 11,500 shares during the quarter. Janus Henderson Group PLC's holdings in Toronto-Dominion Bank were worth $9,178,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Norges Bank purchased a new position in shares of Toronto-Dominion Bank during the 4th quarter worth about $992,204,000. FIL Ltd boosted its position in shares of Toronto-Dominion Bank by 17.3% during the fourth quarter. FIL Ltd now owns 38,989,749 shares of the bank's stock valued at $2,075,819,000 after buying an additional 5,756,584 shares during the period. Geode Capital Management LLC grew its stake in shares of Toronto-Dominion Bank by 32.2% during the fourth quarter. Geode Capital Management LLC now owns 10,526,821 shares of the bank's stock valued at $569,878,000 after buying an additional 2,564,648 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Toronto-Dominion Bank by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 74,118,551 shares of the bank's stock worth $3,946,072,000 after buying an additional 1,415,934 shares during the period. Finally, Guardian Partners Inc. purchased a new stake in shares of Toronto-Dominion Bank in the fourth quarter worth approximately $38,332,000. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Jefferies Financial Group lowered Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Scotiabank assumed coverage on shares of Toronto-Dominion Bank in a research note on Thursday, May 15th. They issued a "sector perform" rating on the stock. Finally, StockNews.com upgraded shares of Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $80.50.

Toronto-Dominion Bank Stock Down 0.1%

NYSE TD traded down $0.04 during trading on Tuesday, reaching $64.70. 1,465,377 shares of the company's stock traded hands, compared to its average volume of 2,380,770. The Toronto-Dominion Bank has a 12-month low of $51.25 and a 12-month high of $65.01. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $112.31 billion, a price-to-earnings ratio of 18.65, a price-to-earnings-growth ratio of 1.95 and a beta of 0.81. The company's 50 day simple moving average is $60.82 and its two-hundred day simple moving average is $57.87.

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 4.50%. The ex-dividend date of this dividend was Thursday, April 10th. Toronto-Dominion Bank's payout ratio is currently 85.59%.

Toronto-Dominion Bank Company 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.