NewEdge Advisors LLC Boosts Stock Position in The Toronto-Dominion Bank (NYSE:TD)

NewEdge Advisors LLC increased its position in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 198.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,334 shares of the bank's stock after purchasing an additional 4,211 shares during the period. NewEdge Advisors LLC's holdings in Toronto-Dominion Bank were worth $337,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Lee Danner & Bass Inc. purchased a new stake in shares of Toronto-Dominion Bank during the fourth quarter valued at approximately $27,000. Bank of Jackson Hole Trust purchased a new stake in Toronto-Dominion Bank during the 4th quarter valued at $32,000. Versant Capital Management Inc increased its holdings in shares of 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 purchasing an additional 200 shares in the last quarter. Murphy & Mullick Capital Management Corp purchased a new position in shares of Toronto-Dominion Bank in the fourth quarter worth $39,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of Toronto-Dominion Bank during the fourth quarter valued at $51,000. Institutional investors own 52.37% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TD. Jefferies Financial Group lowered Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Bank of America raised shares of Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a report on Friday, January 17th. Finally, StockNews.com downgraded shares of Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Toronto-Dominion Bank has a consensus rating of "Hold" and a consensus price target of $80.50.

Toronto-Dominion Bank Stock Performance

Shares of NYSE:TD traded down $0.14 during trading on Monday, hitting $63.82. The company's stock had a trading volume of 169,659 shares, compared to its average volume of 2,435,164. The company has a 50-day moving average of $59.79 and a 200-day moving average of $57.29. 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 $110.78 billion, a price-to-earnings ratio of 18.39, a P/E/G ratio of 1.95 and a beta of 0.81. The Toronto-Dominion Bank has a 12 month low of $51.25 and a 12 month high of $64.91.

Toronto-Dominion Bank Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th were paid a dividend of $0.7278 per share. This represents a $2.91 annualized dividend and a dividend yield of 4.56%. The ex-dividend date of this dividend was Thursday, April 10th. Toronto-Dominion Bank's dividend payout ratio is presently 85.59%.

About Toronto-Dominion Bank

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.