The Toronto-Dominion Bank (NYSE:TD) Stock Holdings Reduced by Townsquare Capital LLC

Townsquare Capital LLC lessened its stake in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 51.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,654 shares of the bank's stock after selling 5,017 shares during the quarter. Townsquare Capital LLC's holdings in Toronto-Dominion Bank were worth $248,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Lee Danner & Bass Inc. acquired a new position in shares of Toronto-Dominion Bank during the fourth quarter valued at approximately $27,000. Bank of Jackson Hole Trust acquired a new position in Toronto-Dominion Bank in the fourth quarter worth approximately $32,000. Versant Capital Management Inc grew its position in Toronto-Dominion Bank by 40.0% in the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank's stock worth $37,000 after buying an additional 200 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in Toronto-Dominion Bank in the fourth quarter worth approximately $39,000. Finally, SBI Securities Co. Ltd. acquired a new position in Toronto-Dominion Bank in the fourth quarter worth approximately $51,000. Institutional investors and hedge funds own 52.37% of the company's stock.

Analyst Ratings Changes

TD has been the topic of several recent research reports. Bank of America upgraded shares of Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research report on Friday, January 17th. StockNews.com lowered shares of Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research report on Monday, February 24th. Finally, Jefferies Financial Group cut shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, six have issued 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.com, the stock presently has a consensus rating of "Hold" and an average price target of $80.50.

Toronto-Dominion Bank Stock Up 0.9 %

NYSE:TD traded up $0.54 during trading hours on Monday, hitting $62.71. 3,066,707 shares of the company's stock traded hands, compared to its average volume of 2,485,453. The firm has a market cap of $108.86 billion, a P/E ratio of 18.07, a P/E/G ratio of 1.95 and a beta of 0.73. The Toronto-Dominion Bank has a twelve month low of $51.25 and a twelve month high of $64.91. 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 stock's fifty day moving average price is $59.49 and its two-hundred day moving average price is $57.09.

Toronto-Dominion Bank Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be given a dividend of $0.7278 per share. This represents a $2.91 annualized dividend and a yield of 4.64%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank's payout ratio is 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.