Main Line Retirement Advisors LLC Cuts Position in The Toronto-Dominion Bank (NYSE:TD)

Main Line Retirement Advisors LLC lessened its stake in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 3.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,259 shares of the bank’s stock after selling 921 shares during the quarter. Toronto-Dominion Bank accounts for 0.8% of Main Line Retirement Advisors LLC’s investment portfolio, making the stock its 18th largest position. Main Line Retirement Advisors LLC’s holdings in Toronto-Dominion Bank were worth $1,238,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. CIBC Asset Management Inc increased its holdings in Toronto-Dominion Bank by 5.4% during the 3rd quarter. CIBC Asset Management Inc now owns 16,515,643 shares of the bank’s stock valued at $1,046,825,000 after acquiring an additional 853,313 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Toronto-Dominion Bank by 24.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 13,509,261 shares of the bank’s stock valued at $854,815,000 after acquiring an additional 2,689,532 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Toronto-Dominion Bank by 2.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 12,186,545 shares of the bank’s stock valued at $770,921,000 after acquiring an additional 301,649 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Toronto-Dominion Bank by 1.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,761,308 shares of the bank’s stock valued at $617,166,000 after acquiring an additional 144,427 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Toronto-Dominion Bank by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 7,962,173 shares of the bank’s stock valued at $506,846,000 after acquiring an additional 479,624 shares in the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Trading Up 0.1 %

NYSE TD opened at $57.33 on Monday. The Toronto-Dominion Bank has a one year low of $51.25 and a one year high of $64.91. The company’s 50 day moving average price is $54.57 and its 200 day moving average price is $57.40. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $100.35 billion, a price-to-earnings ratio of 16.53, a PEG ratio of 1.82 and a beta of 0.83.

Toronto-Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 10th will be issued a $0.7482 dividend. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend is Friday, January 10th. This represents a $2.99 annualized dividend and a yield of 5.22%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 84.15%.

Wall Street Analyst Weigh In

Several research firms have issued reports on TD. StockNews.com cut shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Friday, December 27th. Royal Bank of Canada decreased their price target on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating on the stock in a research note 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 note on Thursday, December 19th. Barclays cut shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. Finally, Jefferies Financial Group raised shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $80.50.

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.