Family Legacy Inc. Has $1.33 Million Stock Position in The Toronto-Dominion Bank (NYSE:TD)

Family Legacy Inc. lowered its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 5.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,516 shares of the bank’s stock after selling 1,430 shares during the quarter. Family Legacy Inc.’s holdings in Toronto-Dominion Bank were worth $1,328,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TD. Frank Rimerman Advisors LLC grew its stake in Toronto-Dominion Bank by 3.2% in the 4th quarter. Frank Rimerman Advisors LLC now owns 5,446 shares of the bank’s stock valued at $290,000 after buying an additional 171 shares during the last quarter. Passumpsic Savings Bank boosted its holdings in 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 acquiring an additional 194 shares during the period. Versant Capital Management Inc grew its position 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 valued at $37,000 after purchasing an additional 200 shares during the last quarter. Cardinal Capital Management increased its stake in shares of Toronto-Dominion Bank by 0.5% in the fourth quarter. Cardinal Capital Management now owns 44,685 shares of the bank’s stock worth $2,379,000 after purchasing an additional 205 shares during the period. Finally, Dunhill Financial LLC lifted its position in shares of Toronto-Dominion Bank by 164.9% during 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 last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto-Dominion Bank Trading Down 1.1 %

Shares of TD stock opened at $60.31 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $105.68 billion, a P/E ratio of 17.38, a P/E/G ratio of 1.95 and a beta of 0.83. The Toronto-Dominion Bank has a 12-month low of $51.25 and a 12-month high of $64.91. The firm has a 50-day moving average price of $58.99 and a 200 day moving average price of $57.61.

Toronto-Dominion Bank Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be given a dividend of $0.7278 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.91 dividend on an annualized basis and a yield of 4.83%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 85.29%.

Wall Street Analyst Weigh In

Several research analysts have commented on TD shares. Royal Bank of Canada dropped their price target on 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. Desjardins cut shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. StockNews.com downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Monday, February 24th. 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, Bank of America upgraded shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Toronto-Dominion Bank currently has a consensus rating of “Hold” and an average target price 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.