Caprock Group LLC Cuts Holdings in The Toronto-Dominion Bank (NYSE:TD)

Caprock Group LLC lowered its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 8.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,392 shares of the bank’s stock after selling 493 shares during the period. Caprock Group LLC’s holdings in Toronto-Dominion Bank were worth $287,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of TD. Crews Bank & Trust purchased a new stake in shares of Toronto-Dominion Bank during the fourth quarter worth about $110,000. Hanson & Doremus Investment Management raised its holdings in Toronto-Dominion Bank by 4.8% in the fourth quarter. Hanson & Doremus Investment Management now owns 7,426 shares of the bank’s stock worth $395,000 after purchasing an additional 340 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in Toronto-Dominion Bank during the fourth quarter valued at $58,000. Blue Trust Inc. increased its stake in shares of Toronto-Dominion Bank by 9.1% during the fourth quarter. Blue Trust Inc. now owns 2,987 shares of the bank’s stock valued at $159,000 after purchasing an additional 250 shares in the last quarter. Finally, Stablepoint Partners LLC lifted its holdings in shares of Toronto-Dominion Bank by 1.2% during the fourth quarter. Stablepoint Partners LLC now owns 72,870 shares of the bank’s stock valued at $3,880,000 after purchasing an additional 861 shares during the last quarter. 52.37% of the stock is currently owned by institutional investors.

Toronto-Dominion Bank Stock Performance

Shares of TD opened at $57.86 on Friday. The stock has a market cap of $101.28 billion, a price-to-earnings ratio of 16.67, a PEG ratio of 1.82 and a beta of 0.84. The Toronto-Dominion Bank has a 52 week low of $51.25 and a 52 week high of $64.91. The business has a 50-day simple moving average of $54.77 and a two-hundred day simple moving average of $57.38. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11.

Toronto-Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 10th were issued a $0.7482 dividend. The ex-dividend date of this dividend was Friday, January 10th. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. This represents a $2.99 dividend on an annualized basis and a yield of 5.17%. Toronto-Dominion Bank’s payout ratio is currently 84.15%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on TD shares. Barclays cut shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. Scotiabank downgraded Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research note on Friday, December 6th. Royal Bank of Canada reduced their price objective on Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating for the company in a report on Friday, December 6th. BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 19th. Finally, Desjardins downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $80.50.

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.