Steward Partners Investment Advisory LLC Reduces Stock Holdings in The Toronto-Dominion Bank (NYSE:TD)

Steward Partners Investment Advisory LLC lowered its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 23.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,004 shares of the bank’s stock after selling 3,293 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Toronto-Dominion Bank were worth $586,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in TD. Dunhill Financial LLC increased its position in shares of Toronto-Dominion Bank by 164.9% in the third quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock valued at $25,000 after buying an additional 249 shares in the last quarter. Bank of Jackson Hole Trust acquired a new stake in shares of Toronto-Dominion Bank during the fourth quarter valued at $32,000. Versant Capital Management Inc boosted its stake in shares of 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 acquiring an additional 200 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Toronto-Dominion Bank during the fourth quarter valued at $51,000. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of Toronto-Dominion Bank during the fourth quarter valued at $58,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. StockNews.com lowered Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Monday, February 24th. Barclays lowered Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. Jefferies Financial Group lowered Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Desjardins lowered Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Finally, Royal Bank of Canada decreased their price target on Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating on the stock in a research note on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $80.50.

Toronto-Dominion Bank Stock Down 1.7 %

Shares of NYSE:TD opened at $57.76 on Wednesday. The firm has a market cap of $101.20 billion, a price-to-earnings ratio of 16.64, a PEG ratio of 1.95 and a beta of 0.83. The Toronto-Dominion Bank has a 12-month low of $51.25 and a 12-month high of $64.91. 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 stock’s 50-day moving average price is $57.62 and its two-hundred day moving average price is $57.63.

Toronto-Dominion Bank Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be paid a $0.7278 dividend. This represents a $2.91 annualized dividend and a dividend yield of 5.04%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank’s dividend payout ratio is currently 85.29%.

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.