The Toronto-Dominion Bank (NYSE:TD) Shares Sold by PDS Planning Inc

PDS Planning Inc reduced its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 9.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,756 shares of the bank’s stock after selling 601 shares during the period. PDS Planning Inc’s holdings in Toronto-Dominion Bank were worth $306,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Oppenheimer & Co. Inc. raised its holdings in shares of Toronto-Dominion Bank by 5.1% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 10,012 shares of the bank’s stock valued at $633,000 after buying an additional 485 shares during the period. Natixis Advisors LLC raised its holdings in shares of Toronto-Dominion Bank by 65.4% during the 3rd quarter. Natixis Advisors LLC now owns 67,104 shares of the bank’s stock valued at $4,245,000 after buying an additional 26,522 shares during the period. Drive Wealth Management LLC raised its holdings in shares of Toronto-Dominion Bank by 13.6% during the 3rd quarter. Drive Wealth Management LLC now owns 5,959 shares of the bank’s stock valued at $377,000 after buying an additional 714 shares during the period. Pathstone Holdings LLC raised its holdings in shares of Toronto-Dominion Bank by 0.8% during the 3rd quarter. Pathstone Holdings LLC now owns 22,309 shares of the bank’s stock valued at $1,411,000 after buying an additional 184 shares during the period. Finally, Caprock Group LLC raised its holdings in shares of Toronto-Dominion Bank by 6.2% during the 3rd quarter. Caprock Group LLC now owns 5,885 shares of the bank’s stock valued at $372,000 after buying an additional 343 shares during the period. 52.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on TD. Jefferies Financial Group downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, February 18th. Desjardins downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Friday, December 6th. BMO Capital Markets upgraded Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. StockNews.com downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Monday, February 24th. Finally, Bank of America upgraded Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Toronto-Dominion Bank has an average rating of “Hold” and an average target price of $80.50.

Toronto-Dominion Bank Price Performance

Shares of TD opened at $59.67 on Wednesday. The firm has a market cap of $104.55 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 1.95 and a beta of 0.83. The stock has a 50 day moving average of $58.12 and a 200-day moving average of $57.61. 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 Toronto-Dominion Bank has a 52 week low of $51.25 and a 52 week high of $64.91.

Toronto-Dominion Bank Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be given a $0.7278 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.91 annualized dividend and a dividend yield of 4.88%. Toronto-Dominion Bank’s payout ratio is 85.29%.

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.