Davis Rea LTD. Sells 9,190 Shares of The Toronto-Dominion Bank (NYSE:TD)

Davis Rea LTD. cut its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 32.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,935 shares of the bank’s stock after selling 9,190 shares during the period. Toronto-Dominion Bank accounts for 0.5% of Davis Rea LTD.’s holdings, making the stock its 23rd biggest holding. Davis Rea LTD.’s holdings in Toronto-Dominion Bank were worth $1,006,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TD. Pathstone Holdings LLC lifted its holdings in shares of Toronto-Dominion Bank by 0.8% in the third quarter. Pathstone Holdings LLC now owns 22,309 shares of the bank’s stock worth $1,411,000 after buying an additional 184 shares in the last quarter. Passumpsic Savings Bank increased 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 acquiring an additional 194 shares during the last quarter. Versant Capital Management Inc lifted its stake in Toronto-Dominion Bank by 40.0% in the 4th quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock worth $37,000 after purchasing an additional 200 shares in the last quarter. Cardinal Capital Management boosted its holdings in shares of Toronto-Dominion Bank by 0.5% during the 4th quarter. Cardinal Capital Management now owns 44,685 shares of the bank’s stock valued at $2,379,000 after purchasing an additional 205 shares during the last quarter. Finally, Dunhill Financial LLC grew its position in shares of Toronto-Dominion Bank by 164.9% during the third quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock valued at $25,000 after purchasing an additional 249 shares in the last quarter. 52.37% of the stock is currently owned by institutional investors.

Toronto-Dominion Bank Stock Up 0.1 %

Shares of TD opened at $59.79 on Friday. 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 business has a fifty day moving average of $56.62 and a 200 day moving average of $57.62. The company has a market cap of $104.76 billion, a PE ratio of 17.23, a P/E/G ratio of 1.95 and a beta of 0.84. The Toronto-Dominion Bank has a 52-week low of $51.25 and a 52-week high of $64.91.

Toronto-Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 10th were paid a dividend of $0.7482 per share. The ex-dividend date of this dividend was Friday, January 10th. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. This represents a $2.99 dividend on an annualized basis and a dividend yield of 5.01%. Toronto-Dominion Bank’s payout ratio is currently 83.86%.

Analyst Ratings Changes

TD has been the topic of a number of research analyst reports. Barclays downgraded Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research report on Thursday, November 21st. Jefferies Financial Group downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. StockNews.com lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Monday. Royal Bank of Canada decreased their price target on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating on the stock in a research note on Friday, December 6th. Finally, 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. Two analysts have rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $80.50.

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.