Truist Financial Corp Decreases Stock Holdings in The Toronto-Dominion Bank (NYSE:TD)

Truist Financial Corp decreased its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 42.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,530 shares of the bank’s stock after selling 11,953 shares during the quarter. Truist Financial Corp’s holdings in Toronto-Dominion Bank were worth $880,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Dunhill Financial LLC grew its holdings in Toronto-Dominion Bank by 164.9% during the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock worth $25,000 after acquiring an additional 249 shares in the last quarter. Versant Capital Management Inc grew its holdings in Toronto-Dominion Bank by 40.0% during the 4th quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock worth $37,000 after acquiring an additional 200 shares in the last quarter. Morse Asset Management Inc bought a new position in Toronto-Dominion Bank during the 3rd quarter worth about $63,000. Union Bancaire Privee UBP SA bought a new position in Toronto-Dominion Bank during the 4th quarter worth about $58,000. Finally, Asset Planning Inc bought a new position in Toronto-Dominion Bank during the 4th quarter worth about $104,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TD. Bank of America upgraded shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. Barclays lowered shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research report on Thursday, November 21st. BMO Capital Markets raised shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 19th. Desjardins lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Finally, Scotiabank lowered shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $80.50.

Toronto-Dominion Bank Trading Up 0.2 %

Shares of TD stock opened at $59.89 on Friday. The stock’s fifty day moving average is $56.78 and its two-hundred day moving average is $57.64. 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 firm has a market capitalization of $104.94 billion, a P/E ratio of 17.26, a PEG ratio of 1.95 and a beta of 0.84. The Toronto-Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $64.91.

Toronto-Dominion Bank Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be issued 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 4.86%. Toronto-Dominion Bank’s dividend payout ratio is presently 84.71%.

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.