Stifel Financial Corp Sells 15,004 Shares of The Toronto-Dominion Bank (NYSE:TD)

Stifel Financial Corp lowered its stake in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 19.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,593 shares of the bank's stock after selling 15,004 shares during the period. Stifel Financial Corp's holdings in Toronto-Dominion Bank were worth $3,386,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. World Investment Advisors LLC purchased a new stake in shares of Toronto-Dominion Bank during the third quarter valued at approximately $265,000. Wilmington Savings Fund Society FSB purchased a new stake in Toronto-Dominion Bank during the 3rd quarter valued at $247,000. Versant Capital Management Inc grew 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. Central Pacific Bank Trust Division bought a new position in shares of Toronto-Dominion Bank during the fourth quarter valued at about $190,000. Finally, Bank of New Hampshire boosted its holdings in shares of Toronto-Dominion Bank by 499.2% during the fourth quarter. Bank of New Hampshire now owns 2,996 shares of the bank's stock worth $160,000 after purchasing an additional 2,496 shares during the period. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TD has been the topic of a number of research analyst reports. Jefferies Financial Group downgraded Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Tuesday, February 18th. StockNews.com downgraded Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a report on Monday, February 24th. Finally, Bank of America upgraded shares of Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Toronto-Dominion Bank has an average rating of "Hold" and an average price target of $80.50.

Toronto-Dominion Bank Price Performance

Shares of TD stock opened at $63.94 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11. The stock has a market cap of $110.99 billion, a price-to-earnings ratio of 18.43, a PEG ratio of 1.95 and a beta of 0.73. The business's fifty day moving average is $59.79 and its 200 day moving average is $57.27. The Toronto-Dominion Bank has a twelve month low of $51.25 and a twelve 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. Investors of record on Thursday, April 10th were given a dividend of $0.7278 per share. The ex-dividend date was Thursday, April 10th. This represents a $2.91 dividend on an annualized basis and a yield of 4.55%. Toronto-Dominion Bank's dividend payout ratio (DPR) is currently 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.

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