Coastline Trust Co Has $213,000 Stake in The Toronto-Dominion Bank (NYSE:TD)

Coastline Trust Co lessened its holdings in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 70.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,000 shares of the bank's stock after selling 9,674 shares during the period. Coastline Trust Co's holdings in Toronto-Dominion Bank were worth $213,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in TD. Vanguard Group Inc. boosted its position in shares of Toronto-Dominion Bank by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 74,118,551 shares of the bank's stock valued at $3,946,072,000 after purchasing an additional 1,415,934 shares in the last quarter. FIL Ltd lifted its holdings in shares of Toronto-Dominion Bank by 17.3% in the fourth quarter. FIL Ltd now owns 38,989,749 shares of the bank's stock valued at $2,075,819,000 after purchasing an additional 5,756,584 shares in the last quarter. Norges Bank acquired a new stake in shares of Toronto-Dominion Bank in the fourth quarter worth $992,204,000. Beutel Goodman & Co Ltd. grew its holdings in shares of Toronto-Dominion Bank by 3.8% during the fourth quarter. Beutel Goodman & Co Ltd. now owns 16,803,807 shares of the bank's stock valued at $894,169,000 after buying an additional 622,736 shares in the last quarter. Finally, CIBC Asset Management Inc raised its position in Toronto-Dominion Bank by 0.4% during the fourth quarter. CIBC Asset Management Inc now owns 16,575,599 shares of the bank's stock valued at $882,241,000 after buying an additional 59,956 shares during the period. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto-Dominion Bank Stock Down 0.2 %

TD traded down $0.11 during midday trading on Friday, hitting $62.10. 459,788 shares of the company's stock traded hands, compared to its average volume of 2,485,420. 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 company has a market cap of $107.79 billion, a PE ratio of 17.89, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. The stock's fifty day simple moving average is $59.40 and its 200-day simple moving average is $57.12. The Toronto-Dominion Bank has a one year low of $51.25 and a one year high of $64.91.

Toronto-Dominion Bank Cuts Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 4.69%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank's payout ratio is presently 85.59%.

Wall Street Analysts Forecast Growth

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