Highland Capital Management LLC Sells 900 Shares of The Toronto-Dominion Bank (NYSE:TD)

Highland Capital Management LLC lessened its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,400 shares of the bank’s stock after selling 900 shares during the quarter. Highland Capital Management LLC’s holdings in Toronto-Dominion Bank were worth $1,299,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Dunhill Financial LLC grew its stake in Toronto-Dominion Bank by 164.9% in the third quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock valued at $25,000 after acquiring an additional 249 shares during the period. Versant Capital Management Inc grew its position in shares of Toronto-Dominion Bank by 40.0% in the 4th 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. Union Bancaire Privee UBP SA bought a new stake in Toronto-Dominion Bank during the 4th quarter worth approximately $58,000. Morse Asset Management Inc acquired a new stake in Toronto-Dominion Bank during the 3rd quarter worth approximately $63,000. Finally, Eastern Bank bought a new position in Toronto-Dominion Bank in the third quarter valued at approximately $66,000. Institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Down 0.2 %

NYSE:TD opened at $57.32 on Friday. The firm has a market capitalization of $100.34 billion, a price-to-earnings ratio of 16.52, a price-to-earnings-growth ratio of 1.83 and a beta of 0.83. 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 Toronto-Dominion Bank has a twelve month low of $51.25 and a twelve month high of $64.91. The stock’s 50 day moving average price is $54.65 and its two-hundred day moving average price is $57.41.

Toronto-Dominion Bank Increases Dividend

The company 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. The ex-dividend date is Friday, January 10th. This represents a $2.99 dividend on an annualized basis and a yield of 5.22%. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 84.15%.

Wall Street Analyst Weigh In

TD has been the topic of a number of research analyst reports. Desjardins lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Barclays downgraded Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. Royal Bank of Canada reduced their price objective on Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating for the company in a research report on Friday, December 6th. Scotiabank lowered Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, December 6th. Finally, StockNews.com downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Friday, December 27th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.