Pathway Financial Advisers LLC Cuts Stock Position in The Toronto-Dominion Bank (NYSE:TD)

Pathway Financial Advisers LLC trimmed its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,028 shares of the bank’s stock after selling 609 shares during the period. Pathway Financial Advisers LLC’s holdings in Toronto-Dominion Bank were worth $1,812,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Dunhill Financial LLC boosted 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 during the period. Versant Capital Management Inc grew its stake in Toronto-Dominion Bank by 40.0% during 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. Union Bancaire Privee UBP SA bought a new stake in Toronto-Dominion Bank in the 4th quarter valued at $58,000. Morse Asset Management Inc purchased a new position in shares of Toronto-Dominion Bank during the third quarter valued at about $63,000. Finally, Eastern Bank bought a new stake in shares of Toronto-Dominion Bank in the third quarter worth about $66,000. Institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Performance

Shares of Toronto-Dominion Bank stock opened at $59.95 on Thursday. The Toronto-Dominion Bank has a 12 month low of $51.25 and a 12 month high of $64.91. The stock’s fifty day moving average price is $55.06 and its 200-day moving average price is $57.43. The firm has a market cap of $104.94 billion, a P/E ratio of 17.28, a P/E/G ratio of 1.86 and a beta of 0.84. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11.

Toronto-Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were issued a $0.7482 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $2.99 annualized dividend and a dividend yield of 4.99%. 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%.

Analyst Ratings Changes

TD has been the subject of several research analyst reports. BMO Capital Markets upgraded Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. Barclays cut Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. Jefferies Financial Group upgraded Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Scotiabank lowered shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research note on Friday, December 6th. Finally, StockNews.com upgraded shares of Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $80.50.

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.