The Toronto-Dominion Bank (NYSE:TD) Shares Purchased by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC lifted its stake in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 9.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,271 shares of the bank’s stock after acquiring an additional 373 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Toronto-Dominion Bank were worth $227,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. International Assets Investment Management LLC acquired a new stake in Toronto-Dominion Bank during the 3rd quarter worth approximately $4,162,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Toronto-Dominion Bank by 16.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,895 shares of the bank’s stock worth $436,000 after buying an additional 992 shares in the last quarter. Pathway Financial Advisers LLC lifted its holdings in Toronto-Dominion Bank by 11.7% during the 3rd quarter. Pathway Financial Advisers LLC now owns 34,637 shares of the bank’s stock worth $2,191,000 after buying an additional 3,638 shares in the last quarter. Galibier Capital Management Ltd. lifted its holdings in Toronto-Dominion Bank by 24.6% during the 3rd quarter. Galibier Capital Management Ltd. now owns 608,613 shares of the bank’s stock worth $38,527,000 after buying an additional 119,978 shares in the last quarter. Finally, First Trust Direct Indexing L.P. raised its holdings in shares of Toronto-Dominion Bank by 30.3% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 16,049 shares of the bank’s stock valued at $1,015,000 after purchasing an additional 3,730 shares in the last quarter. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TD has been the topic of a number of analyst reports. Barclays lowered shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. Desjardins downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Royal Bank of Canada lowered their target price on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating on the stock in a report on Friday, December 6th. Scotiabank downgraded shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday, December 6th. 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 issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $80.50.

Toronto-Dominion Bank Price Performance

Toronto-Dominion Bank stock opened at $59.69 on Thursday. The Toronto-Dominion Bank has a 1 year low of $51.25 and a 1 year high of $64.91. The firm has a 50 day moving average price of $56.46 and a 200 day moving average price of $57.61. The company has a market cap of $104.59 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 1.95 and a beta of 0.84. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.03 and a current ratio of 1.03.

Toronto-Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 10th were issued a $0.7482 dividend. This represents a $2.99 dividend on an annualized basis and a yield of 5.01%. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. The ex-dividend date was Friday, January 10th. Toronto-Dominion Bank’s payout ratio is presently 83.86%.

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.