Corient Private Wealth LLC Has $5.28 Million Stock Position in The Toronto-Dominion Bank (NYSE:TD)

Corient Private Wealth LLC lowered its stake in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 25.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 99,219 shares of the bank’s stock after selling 34,028 shares during the period. Corient Private Wealth LLC’s holdings in Toronto-Dominion Bank were worth $5,283,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Asahi Life Asset Management CO. LTD. acquired a new position in shares of Toronto-Dominion Bank during the 4th quarter worth approximately $416,000. Cerity Partners LLC grew its position in shares of Toronto-Dominion Bank by 57.1% during the 3rd quarter. Cerity Partners LLC now owns 26,755 shares of the bank’s stock worth $1,693,000 after purchasing an additional 9,725 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Toronto-Dominion Bank by 61.1% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,011,579 shares of the bank’s stock worth $380,118,000 after purchasing an additional 2,279,864 shares in the last quarter. FMR LLC grew its position in shares of Toronto-Dominion Bank by 9.9% during the 3rd quarter. FMR LLC now owns 6,553,761 shares of the bank’s stock worth $414,417,000 after purchasing an additional 587,947 shares in the last quarter. Finally, Nicola Wealth Management LTD. grew its position in shares of Toronto-Dominion Bank by 15.5% during the 4th quarter. Nicola Wealth Management LTD. now owns 510,002 shares of the bank’s stock worth $27,153,000 after purchasing an additional 68,400 shares in the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TD shares. StockNews.com lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Monday, February 24th. 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. Royal Bank of Canada cut their price target on shares of 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. Bank of America raised shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. Finally, BMO Capital Markets raised shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $80.50.

Toronto-Dominion Bank Price Performance

Shares of NYSE:TD opened at $59.50 on Friday. The company has a market cap of $104.25 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 1.95 and a beta of 0.83. 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 firm has a 50 day simple moving average of $58.46 and a 200 day simple moving average of $57.64. The Toronto-Dominion Bank has a one year low of $51.25 and a one year high of $64.91.

Toronto-Dominion Bank Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be paid a $0.7278 dividend. This represents a $2.91 annualized dividend and a yield of 4.89%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank’s payout ratio is 85.29%.

Toronto-Dominion Bank 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.