The Toronto-Dominion Bank (NYSE:TD) Shares Sold by Voloridge Investment Management LLC

Voloridge Investment Management LLC cut its position in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 12.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,724,348 shares of the bank's stock after selling 237,786 shares during the quarter. Voloridge Investment Management LLC owned 0.10% of Toronto-Dominion Bank worth $91,804,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Lee Danner & Bass Inc. acquired a new stake in shares of Toronto-Dominion Bank in the fourth quarter valued at $27,000. Bank of Jackson Hole Trust acquired a new stake in shares of Toronto-Dominion Bank in the fourth quarter valued at $32,000. CoreCap Advisors LLC grew its stake in Toronto-Dominion Bank by 57.5% during the 4th quarter. CoreCap Advisors LLC now owns 630 shares of the bank's stock worth $34,000 after purchasing an additional 230 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in Toronto-Dominion Bank during the 4th quarter worth $39,000. Finally, SBI Securities Co. Ltd. acquired a new position in Toronto-Dominion Bank during the 4th quarter worth $51,000. 52.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on TD. StockNews.com raised Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Scotiabank began coverage on Toronto-Dominion Bank in a research note on Thursday, May 15th. They set a "sector perform" rating for the company. Finally, Jefferies Financial Group cut Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $80.50.

Toronto-Dominion Bank Trading Up 0.7%

NYSE:TD opened at $64.75 on Tuesday. The stock has a 50-day simple moving average of $60.82 and a 200-day simple moving average of $57.87. The stock has a market cap of $112.40 billion, a P/E ratio of 18.66, a P/E/G ratio of 1.95 and a beta of 0.81. The Toronto-Dominion Bank has a 1 year low of $51.25 and a 1 year high of $64.97. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.03 and a current ratio of 1.03.

Toronto-Dominion Bank Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th were given a dividend of $0.7278 per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $2.91 annualized dividend and a dividend yield of 4.50%. Toronto-Dominion Bank's dividend 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.

Want to see what other hedge funds are holding TD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.