The Toronto-Dominion Bank (NYSE:TD) Holdings Decreased by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 7.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,700 shares of the bank’s stock after selling 3,200 shares during the quarter. Principal Financial Group Inc.’s holdings in Toronto-Dominion Bank were worth $2,059,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Dunhill Financial LLC boosted its position in Toronto-Dominion Bank by 164.9% during the third quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock valued at $25,000 after purchasing an additional 249 shares during the last quarter. Versant Capital Management Inc boosted its position in Toronto-Dominion Bank by 40.0% during 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 acquired a new stake in Toronto-Dominion Bank during the fourth quarter valued at $58,000. Morse Asset Management Inc acquired a new stake in Toronto-Dominion Bank during the third quarter valued at $63,000. Finally, Asset Planning Inc acquired a new stake in Toronto-Dominion Bank during the fourth quarter valued at $104,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Price Performance

NYSE TD opened at $59.30 on Thursday. The Toronto-Dominion Bank has a twelve month low of $51.25 and a twelve month 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 capitalization of $103.90 billion, a PE ratio of 17.09, a P/E/G ratio of 1.95 and a beta of 0.84. The stock has a 50-day simple moving average of $57.15 and a 200 day simple moving average of $57.66.

Toronto-Dominion Bank Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors 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 annualized dividend and a dividend yield of 4.91%. Toronto-Dominion Bank’s dividend payout ratio is presently 84.71%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Barclays cut Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research report on Thursday, November 21st. Scotiabank cut Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, December 6th. Desjardins cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. StockNews.com cut Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Monday, February 24th. Finally, Jefferies Financial Group cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently 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.