The Toronto-Dominion Bank (NYSE:TD) Shares Sold by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC reduced its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 7.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,773 shares of the bank’s stock after selling 632 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Toronto-Dominion Bank were worth $414,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. CIBC Asset Management Inc increased its stake in Toronto-Dominion Bank by 5.4% in the third quarter. CIBC Asset Management Inc now owns 16,515,643 shares of the bank’s stock valued at $1,046,825,000 after purchasing an additional 853,313 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Toronto-Dominion Bank by 24.9% in the third quarter. The Manufacturers Life Insurance Company now owns 13,509,261 shares of the bank’s stock valued at $854,815,000 after purchasing an additional 2,689,532 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Toronto-Dominion Bank by 2.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 12,186,545 shares of the bank’s stock worth $770,921,000 after acquiring an additional 301,649 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Toronto-Dominion Bank by 1.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,761,308 shares of the bank’s stock worth $617,166,000 after acquiring an additional 144,427 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Toronto-Dominion Bank by 6.4% during the third quarter. Geode Capital Management LLC now owns 7,962,173 shares of the bank’s stock worth $506,846,000 after acquiring an additional 479,624 shares during the last quarter. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto-Dominion Bank Price Performance

TD stock opened at $59.76 on Monday. 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 Toronto-Dominion Bank has a 1 year low of $51.25 and a 1 year high of $64.91. The firm has a market cap of $104.62 billion, a P/E ratio of 17.22, a price-to-earnings-growth ratio of 1.86 and a beta of 0.84. The stock has a 50-day simple moving average of $55.36 and a 200-day simple moving average of $57.45.

Toronto-Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were paid a $0.7482 dividend. The ex-dividend date was Friday, January 10th. This represents a $2.99 dividend on an annualized basis and a dividend yield of 5.01%. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 83.86%.

Analyst Ratings Changes

TD has been the subject of several research analyst reports. Scotiabank lowered Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research note on Friday, December 6th. Barclays lowered Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. BMO Capital Markets upgraded Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 19th. Jefferies Financial Group upgraded Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Finally, StockNews.com upgraded Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Toronto-Dominion Bank presently 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.