Valley National Advisers Inc. Sells 4,744 Shares of The Toronto-Dominion Bank (NYSE:TD)

Valley National Advisers Inc. decreased its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 71.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,852 shares of the bank’s stock after selling 4,744 shares during the quarter. Valley National Advisers Inc.’s holdings in Toronto-Dominion Bank were worth $98,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. CWM LLC lifted its holdings in Toronto-Dominion Bank by 2.4% during the 3rd quarter. CWM LLC now owns 7,208 shares of the bank’s stock worth $456,000 after buying an additional 170 shares in the last quarter. Pathstone Holdings LLC grew its holdings in Toronto-Dominion Bank by 0.8% during the third quarter. Pathstone Holdings LLC now owns 22,309 shares of the bank’s stock valued at $1,411,000 after purchasing an additional 184 shares during the period. Passumpsic Savings Bank grew its holdings in shares of Toronto-Dominion Bank by 2.6% in the 3rd 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 increased 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 acquiring an additional 200 shares in the last quarter. Finally, Hexagon Capital Partners LLC raised its holdings in Toronto-Dominion Bank by 18.5% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,337 shares of the bank’s stock worth $85,000 after buying an additional 209 shares during the period. Institutional investors and hedge funds own 52.37% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Scotiabank lowered Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday, December 6th. Barclays lowered shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. StockNews.com cut Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Friday, December 27th. BMO Capital Markets upgraded Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. Finally, Jefferies Financial Group raised shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $80.50.

Toronto-Dominion Bank Stock Down 0.4 %

Shares of TD opened at $57.15 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03. The Toronto-Dominion Bank has a one year low of $51.25 and a one year high of $64.91. The company has a market cap of $100.05 billion, a P/E ratio of 16.47, a P/E/G ratio of 1.82 and a beta of 0.84. The firm has a 50 day simple moving average of $54.70 and a two-hundred day simple moving average of $57.40.

Toronto-Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were issued a $0.7482 dividend. The ex-dividend date was Friday, January 10th. This represents a $2.99 dividend on an annualized basis and a dividend yield of 5.24%. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. Toronto-Dominion Bank’s dividend payout ratio is 84.15%.

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.