The Toronto-Dominion Bank (NYSE:TD) Stock Holdings Raised by Nicola Wealth Management LTD.

Nicola Wealth Management LTD. boosted its stake in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 15.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 510,002 shares of the bank's stock after purchasing an additional 68,400 shares during the period. Toronto-Dominion Bank comprises approximately 2.9% of Nicola Wealth Management LTD.'s investment portfolio, making the stock its 2nd biggest position. Nicola Wealth Management LTD.'s holdings in Toronto-Dominion Bank were worth $27,153,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC lifted its holdings in Toronto-Dominion Bank by 16.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,895 shares of the bank's stock valued at $436,000 after buying an additional 992 shares during the period. US Bancorp DE increased its stake in Toronto-Dominion Bank by 3.2% during the 3rd quarter. US Bancorp DE now owns 17,396 shares of the bank's stock valued at $1,100,000 after purchasing an additional 535 shares in the last quarter. Van ECK Associates Corp raised its holdings in Toronto-Dominion Bank by 25.2% during the third quarter. Van ECK Associates Corp now owns 465,365 shares of the bank's stock worth $29,439,000 after buying an additional 93,716 shares during the last quarter. Old North State Wealth Management LLC bought a new position in shares of Toronto-Dominion Bank in the third quarter valued at $210,000. Finally, PDS Planning Inc grew its holdings in shares of Toronto-Dominion Bank by 7.5% during the third quarter. PDS Planning Inc now owns 6,357 shares of the bank's stock valued at $402,000 after buying an additional 441 shares during the last quarter. 52.37% of the stock is owned by institutional investors.

Toronto-Dominion Bank Trading Up 0.6 %

NYSE:TD traded up $0.38 during trading hours on Friday, reaching $59.58. The company's stock had a trading volume of 1,380,493 shares, compared to its average volume of 2,488,534. The firm has a 50-day simple moving average of $57.28 and a 200-day simple moving average of $57.67. 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 1 year low of $51.25 and a 1 year high of $64.91. The firm has a market capitalization of $104.40 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 1.95 and a beta of 0.83.

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 issued a dividend of $0.7278 per share. This represents a $2.91 annualized dividend and a yield of 4.89%. The ex-dividend date of this dividend is Thursday, April 10th. Toronto-Dominion Bank's dividend payout ratio is presently 85.29%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on TD shares. Barclays cut shares of Toronto-Dominion Bank from an "equal weight" rating to an "underweight" rating in a research report on Thursday, November 21st. Bank of America upgraded Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a report on Friday, January 17th. StockNews.com downgraded Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a report on Monday, February 24th. Royal Bank of Canada dropped their price objective on Toronto-Dominion Bank from $82.00 to $77.00 and set a "sector perform" rating on the stock in a research note on Friday, December 6th. Finally, Scotiabank lowered shares of Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a research note on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average 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.