Tobam Trims Position in The Toronto-Dominion Bank (NYSE:TD)

Tobam lowered its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 73.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,395 shares of the bank’s stock after selling 6,712 shares during the quarter. Tobam’s holdings in Toronto-Dominion Bank were worth $128,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC grew its position in shares of Toronto-Dominion Bank by 2.4% in the third 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 boosted its stake in Toronto-Dominion Bank by 0.8% in the 3rd quarter. Pathstone Holdings LLC now owns 22,309 shares of the bank’s stock worth $1,411,000 after buying an additional 184 shares during the last quarter. Passumpsic Savings Bank grew its holdings in 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 stake in shares of Toronto-Dominion Bank by 40.0% during the 4th quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock valued at $37,000 after acquiring an additional 200 shares during the last quarter. Finally, Hexagon Capital Partners LLC lifted its holdings in shares of 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 acquiring an additional 209 shares during the period. 52.37% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on TD. Barclays downgraded shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. Scotiabank cut shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research note on Friday, December 6th. Desjardins lowered Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. StockNews.com raised Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, BMO Capital Markets raised shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $80.50.

Toronto-Dominion Bank Price Performance

TD opened at $57.98 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.03 and a current ratio of 1.03. The Toronto-Dominion Bank has a 1-year low of $51.25 and a 1-year high of $64.91. The company has a 50-day moving average of $54.80 and a 200-day moving average of $57.38. The company has a market capitalization of $101.49 billion, a P/E ratio of 16.71, a PEG ratio of 1.86 and a beta of 0.84.

Toronto-Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were paid a dividend of $0.7482 per share. The ex-dividend date was Friday, January 10th. This represents a $2.99 annualized dividend and a yield of 5.16%. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. Toronto-Dominion Bank’s dividend payout ratio is presently 84.15%.

Toronto-Dominion Bank Company 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.