Oppenheimer & Co. Inc. Has $251,000 Stake in The Toronto-Dominion Bank (NYSE:TD)

Oppenheimer & Co. Inc. decreased its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 52.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,714 shares of the bank’s stock after selling 5,298 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Toronto-Dominion Bank were worth $251,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dunhill Financial LLC raised its stake in Toronto-Dominion Bank by 164.9% in the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock worth $25,000 after purchasing an additional 249 shares in the last quarter. Bank of Jackson Hole Trust bought a new position in Toronto-Dominion Bank in the 4th quarter valued at about $32,000. Versant Capital Management Inc increased its holdings in Toronto-Dominion Bank by 40.0% in the 4th quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock valued at $37,000 after buying an additional 200 shares during the period. Morse Asset Management Inc bought a new position in Toronto-Dominion Bank in the 3rd quarter valued at about $63,000. Finally, Union Bancaire Privee UBP SA bought a new position in Toronto-Dominion Bank in the 4th quarter valued at about $58,000. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto-Dominion Bank Trading Up 0.6 %

Shares of Toronto-Dominion Bank stock opened at $59.58 on Friday. The firm has a market capitalization of $104.40 billion, a PE ratio of 17.17, a price-to-earnings-growth ratio of 1.95 and a beta of 0.83. 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 firm’s 50 day moving average is $57.41 and its 200 day moving average is $57.66. The Toronto-Dominion Bank has a 1 year low of $51.25 and a 1 year high of $64.91.

Toronto-Dominion Bank Cuts Dividend

The firm also recently announced 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 yield of 4.89%. Toronto-Dominion Bank’s dividend payout ratio is presently 85.29%.

Analyst Ratings Changes

TD has been the topic of several recent analyst reports. Barclays lowered shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, February 18th. StockNews.com lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Monday, February 24th. BMO Capital Markets raised shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. Finally, Desjardins lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Toronto-Dominion Bank has an average rating of “Hold” and a consensus price target 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.