Value Partners Investments Inc. Has $6.30 Million Position in The Toronto-Dominion Bank (NYSE:TD)

Value Partners Investments Inc. lessened its position in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 89.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 118,337 shares of the bank's stock after selling 969,642 shares during the period. Toronto-Dominion Bank makes up about 0.2% of Value Partners Investments Inc.'s portfolio, making the stock its 3rd largest holding. Value Partners Investments Inc.'s holdings in Toronto-Dominion Bank were worth $6,300,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in TD. Norges Bank bought a new stake in shares of Toronto-Dominion Bank during the fourth quarter worth $992,204,000. FIL Ltd boosted its stake in shares of Toronto-Dominion Bank by 17.3% during 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. Geode Capital Management LLC grew its holdings in shares of Toronto-Dominion Bank by 32.2% during the fourth quarter. Geode Capital Management LLC now owns 10,526,821 shares of the bank's stock worth $569,878,000 after purchasing an additional 2,564,648 shares during the last quarter. Vanguard Group Inc. raised its holdings in Toronto-Dominion Bank by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 74,118,551 shares of the bank's stock valued at $3,946,072,000 after buying an additional 1,415,934 shares during the last quarter. Finally, Guardian Partners Inc. acquired a new stake in Toronto-Dominion Bank during the 4th quarter worth approximately $38,332,000. Institutional investors and hedge funds own 52.37% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Bank of America raised shares of Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. StockNews.com lowered Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research report on Monday, February 24th. Finally, Jefferies Financial Group downgraded Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Two investment 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 stock. According to MarketBeat, Toronto-Dominion Bank presently has a consensus rating of "Hold" and a consensus target price of $80.50.

Toronto-Dominion Bank Trading Up 0.4 %

Shares of Toronto-Dominion Bank stock traded up $0.23 on Friday, reaching $60.67. 1,560,387 shares of the company's stock were exchanged, compared to its average volume of 2,512,558. The company has a market capitalization of $106.31 billion, a P/E ratio of 17.48, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. The Toronto-Dominion Bank has a 52 week low of $51.25 and a 52 week 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 firm's 50-day moving average is $59.25 and its two-hundred day moving average is $57.17.

Toronto-Dominion Bank Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be given a dividend of $0.7278 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.91 dividend on an annualized basis and a dividend yield of 4.80%. Toronto-Dominion Bank's dividend payout ratio (DPR) is presently 85.59%.

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.