Mariner LLC Sells 24,077 Shares of The Toronto-Dominion Bank (NYSE:TD)

Mariner LLC trimmed its stake in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 38.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 38,566 shares of the bank's stock after selling 24,077 shares during the quarter. Mariner LLC's holdings in Toronto-Dominion Bank were worth $2,053,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Morse Asset Management Inc acquired a new position in shares of Toronto-Dominion Bank during the 3rd quarter worth $63,000. Passumpsic Savings Bank lifted its holdings in shares of Toronto-Dominion Bank by 2.6% in the third quarter. Passumpsic Savings Bank now owns 7,530 shares of the bank's stock worth $476,000 after acquiring an additional 194 shares during the last quarter. Tudor Financial Inc. acquired a new stake in shares of Toronto-Dominion Bank in the 3rd quarter valued at approximately $268,000. World Investment Advisors LLC bought a new stake in shares of Toronto-Dominion Bank during the 3rd quarter valued at approximately $265,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Toronto-Dominion Bank in the 3rd quarter valued at approximately $247,000. 52.37% of the stock is owned by institutional investors and hedge funds.

Toronto-Dominion Bank Trading Up 0.4 %

Shares of NYSE:TD traded up $0.27 during trading on Tuesday, reaching $63.01. The stock had a trading volume of 171,030 shares, compared to its average volume of 2,476,324. The stock has a market cap of $109.38 billion, a price-to-earnings ratio of 18.15, a P/E/G ratio of 1.95 and a beta of 0.73. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.03 and a current ratio of 1.03. The Toronto-Dominion Bank has a 52 week low of $51.25 and a 52 week high of $64.91. The firm's fifty day moving average is $59.49 and its 200 day moving average is $57.09.

Toronto-Dominion Bank Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be given a dividend of $0.7278 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.91 annualized dividend and a dividend yield of 4.62%. Toronto-Dominion Bank's payout ratio is 85.59%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TD. Bank of America upgraded shares of Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a report on Friday, January 17th. StockNews.com lowered Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research note on Monday, February 24th. Finally, Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $80.50.

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.