Forsta AP Fonden Sells 49,600 Shares of The Toronto-Dominion Bank (NYSE:TD)

Forsta AP Fonden lowered its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 10.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 416,900 shares of the bank’s stock after selling 49,600 shares during the quarter. Forsta AP Fonden’s holdings in Toronto-Dominion Bank were worth $22,184,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. CWM LLC raised its stake in shares of Toronto-Dominion Bank by 2.4% during the 3rd quarter. CWM LLC now owns 7,208 shares of the bank’s stock valued at $456,000 after purchasing an additional 170 shares during the period. Pathstone Holdings LLC grew its holdings in Toronto-Dominion Bank by 0.8% during the 3rd quarter. Pathstone Holdings LLC now owns 22,309 shares of the bank’s stock valued at $1,411,000 after buying an additional 184 shares in the last quarter. Passumpsic Savings Bank increased its position in shares of Toronto-Dominion Bank by 2.6% during the third quarter. Passumpsic Savings Bank now owns 7,530 shares of the bank’s stock valued at $476,000 after buying an additional 194 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Toronto-Dominion Bank by 40.0% in the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock worth $37,000 after buying an additional 200 shares in the last quarter. Finally, Hexagon Capital Partners LLC boosted its position in shares of Toronto-Dominion Bank by 18.5% in the third quarter. Hexagon Capital Partners LLC now owns 1,337 shares of the bank’s stock valued at $85,000 after acquiring an additional 209 shares during the period. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Barclays downgraded shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. Bank of America upgraded Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research report on Friday, January 17th. Desjardins cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Scotiabank downgraded Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, December 6th. Finally, Royal Bank of Canada decreased their price objective on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating on the stock in a research report on Friday, December 6th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has assigned 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 Stock Down 0.3 %

Shares of NYSE:TD opened at $57.35 on Wednesday. The Toronto-Dominion Bank has a 12-month low of $51.25 and a 12-month high of $64.91. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11. The stock’s 50-day moving average price is $54.62 and its 200-day moving average price is $57.41. The stock has a market capitalization of $100.38 billion, a P/E ratio of 16.53, a price-to-earnings-growth ratio of 1.82 and a beta of 0.83.

Toronto-Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 10th will be paid a $0.7482 dividend. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. This represents a $2.99 dividend on an annualized basis and a yield of 5.22%. The ex-dividend date of this dividend is Friday, January 10th. Toronto-Dominion Bank’s payout ratio is 84.15%.

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.