Marshall Wace LLP Decreases Holdings in The Toronto-Dominion Bank (NYSE:TD)

Marshall Wace LLP reduced its holdings in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 90.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 78,520 shares of the bank's stock after selling 715,781 shares during the quarter. Marshall Wace LLP's holdings in Toronto-Dominion Bank were worth $4,180,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in TD. Lee Danner & Bass Inc. bought a new position in Toronto-Dominion Bank during the fourth quarter valued at $27,000. Bank of Jackson Hole Trust purchased a new position in shares of Toronto-Dominion Bank during the 4th quarter valued at $32,000. Versant Capital Management Inc increased its holdings in Toronto-Dominion Bank by 40.0% in the 4th quarter. Versant Capital Management Inc now owns 700 shares of the bank's stock worth $37,000 after acquiring an additional 200 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in Toronto-Dominion Bank in the 4th quarter valued at about $39,000. Finally, SBI Securities Co. Ltd. purchased a new stake in Toronto-Dominion Bank during the fourth quarter valued at about $51,000. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Price Performance

Toronto-Dominion Bank stock traded up $0.49 during midday trading on Wednesday, hitting $63.76. 1,842,807 shares of the company's stock were exchanged, compared to its average volume of 2,488,147. The stock has a 50-day moving average price of $59.63 and a two-hundred day moving average price of $57.17. The Toronto-Dominion Bank has a 52-week low of $51.25 and a 52-week high of $64.91. The company has a market cap of $110.68 billion, a P/E ratio of 18.37, a PEG 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.

Toronto-Dominion Bank Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be paid a $0.7278 dividend. This represents a $2.91 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank's dividend payout ratio is currently 85.59%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TD. Jefferies Financial Group downgraded shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Tuesday, February 18th. StockNews.com downgraded Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research report on Monday, February 24th. Finally, Bank of America raised Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a report on Friday, January 17th. Two analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Toronto-Dominion Bank presently has an average rating of "Hold" and an average target price 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.