LVM Capital Management Ltd. MI Sells 11,610 Shares of The Toronto-Dominion Bank (NYSE:TD)

LVM Capital Management Ltd. MI reduced its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 29.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,181 shares of the bank’s stock after selling 11,610 shares during the quarter. LVM Capital Management Ltd. MI’s holdings in Toronto-Dominion Bank were worth $1,447,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TD. Dunhill Financial LLC grew its position in shares of Toronto-Dominion Bank by 164.9% in the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock worth $25,000 after buying an additional 249 shares during the last quarter. Versant Capital Management Inc boosted its stake 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 acquiring an additional 200 shares in the last quarter. Kimelman & Baird LLC purchased a new position in Toronto-Dominion Bank in the second quarter worth $49,000. Morse Asset Management Inc acquired a new position in shares of Toronto-Dominion Bank during the third quarter worth $63,000. Finally, Eastern Bank purchased a new stake in shares of Toronto-Dominion Bank during the 3rd quarter valued at $66,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on TD shares. Jefferies Financial Group raised Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. StockNews.com cut shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Friday, December 27th. Barclays lowered shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. 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 research analysts have rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Toronto-Dominion Bank presently has an average rating of “Hold” and an average target price of $80.50.

Toronto-Dominion Bank Stock Performance

Shares of NYSE TD traded up $0.24 during trading on Friday, reaching $53.69. 1,415,128 shares of the company traded hands, compared to its average volume of 3,647,394. 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 1.02 and a debt-to-equity ratio of 0.11. The stock has a market cap of $93.97 billion, a P/E ratio of 15.47, a PEG ratio of 1.69 and a beta of 0.83. The firm’s fifty day simple moving average is $54.57 and its 200 day simple moving average is $57.30.

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 issued a $0.7482 dividend. The ex-dividend date of this dividend is Friday, January 10th. This is an increase 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 5.57%. 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.