Kingsview Wealth Management LLC Makes New Investment in The Toronto-Dominion Bank (NYSE:TD)

Kingsview Wealth Management LLC purchased a new stake in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,816 shares of the bank’s stock, valued at approximately $203,000.

Other large investors also recently made changes to their positions in the company. Dunhill Financial LLC raised its position in Toronto-Dominion Bank by 164.9% in the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock valued at $25,000 after buying an additional 249 shares during the last quarter. Versant Capital Management Inc raised its holdings 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 purchasing an additional 200 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Toronto-Dominion Bank in the fourth quarter worth $58,000. Morse Asset Management Inc acquired a new position in Toronto-Dominion Bank during the third quarter worth $63,000. Finally, Eastern Bank bought a new position in Toronto-Dominion Bank in the third quarter valued at $66,000. Institutional investors own 52.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TD. Desjardins cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. 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. BMO Capital Markets raised shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 19th. StockNews.com raised shares of Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, Royal Bank of Canada dropped their target price on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating on the stock in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Toronto-Dominion Bank presently has a consensus rating of “Hold” and an average price target of $80.50.

Toronto-Dominion Bank Stock Down 0.3 %

NYSE TD opened at $59.76 on Friday. 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 company has a market cap of $104.62 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 1.86 and a beta of 0.84. The company has a 50 day moving average of $55.36 and a 200-day moving average of $57.46. The Toronto-Dominion Bank has a 1-year low of $51.25 and a 1-year high of $64.91.

Toronto-Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were paid a dividend of $0.7482 per share. This represents a $2.99 dividend on an annualized basis and a yield of 5.01%. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. The ex-dividend date was Friday, January 10th. Toronto-Dominion Bank’s dividend payout ratio is presently 84.15%.

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.