Blue Trust Inc. Sells 1,531 Shares of The Toronto-Dominion Bank (NYSE:TD)

Blue Trust Inc. reduced its stake in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 55.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,206 shares of the bank’s stock after selling 1,531 shares during the period. Blue Trust Inc.’s holdings in Toronto-Dominion Bank were worth $64,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Asset Planning Inc purchased a new position in Toronto-Dominion Bank in the 4th quarter worth approximately $104,000. Van ECK Associates Corp increased its holdings in shares of Toronto-Dominion Bank by 20.7% in the 4th quarter. Van ECK Associates Corp now owns 561,482 shares of the bank’s stock worth $29,866,000 after purchasing an additional 96,117 shares in the last quarter. Louisbourg Investments Inc. raised its stake in shares of Toronto-Dominion Bank by 12.8% in the fourth quarter. Louisbourg Investments Inc. now owns 192,027 shares of the bank’s stock worth $10,218,000 after purchasing an additional 21,814 shares during the last quarter. Essex Financial Services Inc. raised its stake in shares of Toronto-Dominion Bank by 22.4% in the fourth quarter. Essex Financial Services Inc. now owns 7,668 shares of the bank’s stock worth $408,000 after purchasing an additional 1,402 shares during the last quarter. Finally, Kingsview Wealth Management LLC bought a new position in shares of Toronto-Dominion Bank during the fourth quarter valued at $203,000. 52.37% of the stock is currently owned by institutional investors.

Toronto-Dominion Bank Trading Down 0.8 %

Shares of Toronto-Dominion Bank stock opened at $59.38 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $103.93 billion, a PE ratio of 17.11, a P/E/G ratio of 1.95 and a beta of 0.84. The Toronto-Dominion Bank has a 1-year low of $51.25 and a 1-year high of $64.91. The company’s fifty day simple moving average is $56.16 and its 200-day simple moving average is $57.58.

Toronto-Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were issued a dividend of $0.7482 per share. This represents a $2.99 annualized dividend and a yield of 5.04%. The ex-dividend date was Friday, January 10th. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. Toronto-Dominion Bank’s payout ratio is currently 84.15%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. StockNews.com lowered Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Monday. Bank of America raised shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. Barclays lowered shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. Finally, Desjardins cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Two 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price 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.