The Toronto-Dominion Bank (NYSE:TD) Stake Decreased by Mufg Securities Canada LTD.

Mufg Securities Canada LTD. lessened its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 71.6% in the 4th quarter, Holdings Channel reports. The fund owned 2,669,721 shares of the bank’s stock after selling 6,730,465 shares during the quarter. Toronto-Dominion Bank accounts for 5.1% of Mufg Securities Canada LTD.’s holdings, making the stock its 5th largest holding. Mufg Securities Canada LTD.’s holdings in Toronto-Dominion Bank were worth $142,042,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in TD. Dunhill Financial LLC boosted its stake in Toronto-Dominion Bank by 164.9% during the third quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock worth $25,000 after buying an additional 249 shares during the period. Lee Danner & Bass Inc. purchased a new position in shares of Toronto-Dominion Bank during the 4th quarter worth approximately $27,000. Bank of Jackson Hole Trust acquired a new stake in Toronto-Dominion Bank in the 4th quarter valued at approximately $32,000. Versant Capital Management Inc raised its position in 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 purchasing an additional 200 shares during the period. Finally, Murphy & Mullick Capital Management Corp acquired a new position in Toronto-Dominion Bank during the fourth quarter worth $39,000. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TD. Scotiabank downgraded Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday, December 6th. BMO Capital Markets raised shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 19th. Bank of America upgraded shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. Royal Bank of Canada reduced 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. Finally, Desjardins downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $80.50.

Toronto-Dominion Bank Trading Up 0.7 %

Shares of NYSE:TD opened at $60.95 on Wednesday. The Toronto-Dominion Bank has a 52 week low of $51.25 and a 52 week high of $64.91. The company’s 50 day moving average is $58.71 and its two-hundred day moving average is $57.62. The company has a market cap of $106.80 billion, a PE ratio of 17.56, a P/E/G ratio of 1.95 and a beta of 0.83. 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 Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be paid a $0.7278 dividend. This represents a $2.91 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank’s dividend payout ratio is presently 85.29%.

Toronto-Dominion Bank Company 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.