Sanctuary Advisors LLC Sells 3,501 Shares of The Toronto-Dominion Bank (NYSE:TD)

Sanctuary Advisors LLC reduced its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 17.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 16,062 shares of the bank’s stock after selling 3,501 shares during the period. Sanctuary Advisors LLC’s holdings in Toronto-Dominion Bank were worth $921,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its position in shares of Toronto-Dominion Bank by 24.9% during the third quarter. The Manufacturers Life Insurance Company now owns 13,509,261 shares of the bank’s stock worth $854,815,000 after acquiring an additional 2,689,532 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Toronto-Dominion Bank by 61.1% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,011,579 shares of the bank’s stock worth $380,118,000 after purchasing an additional 2,279,864 shares in the last quarter. Quadrature Capital Ltd boosted its stake in Toronto-Dominion Bank by 175.5% in the 3rd quarter. Quadrature Capital Ltd now owns 2,467,300 shares of the bank’s stock worth $156,202,000 after purchasing an additional 1,571,700 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its stake in Toronto-Dominion Bank by 64.6% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,273,520 shares of the bank’s stock worth $143,922,000 after purchasing an additional 892,183 shares during the period. Finally, CIBC Asset Management Inc grew its holdings in Toronto-Dominion Bank by 5.4% during the 3rd quarter. CIBC Asset Management Inc now owns 16,515,643 shares of the bank’s stock valued at $1,046,825,000 after buying an additional 853,313 shares in the last quarter. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Stock Performance

Toronto-Dominion Bank stock opened at $59.79 on Friday. The Toronto-Dominion Bank has a fifty-two week low of $51.25 and a fifty-two 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 stock has a market cap of $104.76 billion, a P/E ratio of 17.23, a price-to-earnings-growth ratio of 1.95 and a beta of 0.84. The firm’s fifty day moving average price is $56.62 and its 200-day moving average price is $57.62.

Toronto-Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were given a dividend of $0.7482 per share. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend was Friday, January 10th. This represents a $2.99 dividend on an annualized basis and a yield of 5.01%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 83.86%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. StockNews.com downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Monday. Scotiabank cut shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research note on Friday, December 6th. 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. Desjardins downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Finally, BMO Capital Markets raised Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 19th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.