Transcend Capital Advisors LLC Sells 7,772 Shares of The Toronto-Dominion Bank (NYSE:TD)

Transcend Capital Advisors LLC trimmed its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 35.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,236 shares of the bank’s stock after selling 7,772 shares during the period. Transcend Capital Advisors LLC’s holdings in Toronto-Dominion Bank were worth $758,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of TD. Pathstone Holdings LLC increased its position in Toronto-Dominion Bank by 0.8% during the 3rd quarter. Pathstone Holdings LLC now owns 22,309 shares of the bank’s stock worth $1,411,000 after buying an additional 184 shares during the period. Passumpsic Savings Bank grew its stake in shares of Toronto-Dominion Bank by 2.6% in the third quarter. Passumpsic Savings Bank now owns 7,530 shares of the bank’s stock valued at $476,000 after acquiring an additional 194 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Toronto-Dominion Bank by 40.0% in 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 in the last quarter. Cardinal Capital Management increased its position in Toronto-Dominion Bank by 0.5% during the fourth quarter. Cardinal Capital Management now owns 44,685 shares of the bank’s stock worth $2,379,000 after acquiring an additional 205 shares during the period. Finally, 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. Institutional investors own 52.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TD. Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Bank of America raised Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research report on Friday, January 17th. Royal Bank of Canada dropped their price objective on Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating for the company in a report on Friday, December 6th. StockNews.com raised Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, Scotiabank downgraded Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $80.50.

Toronto-Dominion Bank Trading Down 0.9 %

Shares of TD stock opened at $59.82 on Friday. 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 Toronto-Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $64.91. The company has a market cap of $104.71 billion, a PE ratio of 17.24, a P/E/G ratio of 1.95 and a beta of 0.84. The stock’s fifty day moving average price is $56.04 and its two-hundred day moving average price is $57.55.

Toronto-Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were given a $0.7482 dividend. This represents a $2.99 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date of this dividend was Friday, January 10th. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. Toronto-Dominion Bank’s payout ratio is currently 84.15%.

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.