Barclays PLC Has $6.49 Million Stake in The Toronto-Dominion Bank (NYSE:TD)

Barclays PLC lowered its stake in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 40.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 121,962 shares of the bank's stock after selling 83,675 shares during the period. Barclays PLC's holdings in Toronto-Dominion Bank were worth $6,493,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of TD. Lee Danner & Bass Inc. bought a new stake in shares of Toronto-Dominion Bank during the fourth quarter worth approximately $27,000. Bank of Jackson Hole Trust bought a new stake in shares of Toronto-Dominion Bank during the fourth quarter worth approximately $32,000. Versant Capital Management Inc boosted its stake in shares of Toronto-Dominion Bank by 40.0% in the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank's stock valued at $37,000 after buying an additional 200 shares during the period. Murphy & Mullick Capital Management Corp bought a new stake in shares of Toronto-Dominion Bank in the fourth quarter valued at approximately $39,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Toronto-Dominion Bank in the fourth quarter valued at approximately $51,000. 52.37% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Toronto-Dominion Bank Price Performance

NYSE TD traded up $0.49 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 of $59.63 and a 200-day moving average of $57.17. The stock has a market cap of $110.68 billion, a price-to-earnings ratio of 18.37, a P/E/G ratio of 1.95 and a beta of 0.73. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11. The Toronto-Dominion Bank has a 52 week low of $51.25 and a 52 week high of $64.91.

Toronto-Dominion Bank Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be issued 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 4.57%. Toronto-Dominion Bank's dividend payout ratio (DPR) is presently 85.59%.

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.