Metis Global Partners LLC Has $4.26 Million Stock Position in The Toronto-Dominion Bank (NYSE:TD)

Metis Global Partners LLC cut its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,991 shares of the bank’s stock after selling 470 shares during the period. Metis Global Partners LLC’s holdings in Toronto-Dominion Bank were worth $4,259,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TD. Cerity Partners LLC grew its stake in Toronto-Dominion Bank by 57.1% in the third quarter. Cerity Partners LLC now owns 26,755 shares of the bank’s stock valued at $1,693,000 after acquiring an additional 9,725 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Toronto-Dominion Bank by 1.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,761,308 shares of the bank’s stock worth $617,166,000 after purchasing an additional 144,427 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in Toronto-Dominion Bank by 61.1% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,011,579 shares of the bank’s stock valued at $380,118,000 after purchasing an additional 2,279,864 shares during the period. FMR LLC increased its stake in Toronto-Dominion Bank by 9.9% during the 3rd quarter. FMR LLC now owns 6,553,761 shares of the bank’s stock valued at $414,417,000 after purchasing an additional 587,947 shares in the last quarter. Finally, Mayflower Financial Advisors LLC bought a new stake in Toronto-Dominion Bank during the 3rd quarter valued at $584,000. 52.37% of the stock is owned by institutional investors.

Toronto-Dominion Bank Stock Performance

Shares of TD opened at $59.89 on Friday. The stock has a 50 day moving average of $56.78 and a 200 day moving average of $57.64. The company has a market capitalization of $104.94 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 1.95 and a beta of 0.84. 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 1.03 and a debt-to-equity ratio of 0.11.

Toronto-Dominion Bank Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be given a dividend of $0.7278 per share. This represents a $2.91 annualized dividend and a dividend yield of 4.86%. The ex-dividend date of this dividend is Thursday, April 10th. Toronto-Dominion Bank’s dividend payout ratio is presently 84.71%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TD. Barclays cut shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. Bank of America upgraded Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. Desjardins downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Royal Bank of Canada cut their target price on Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating on the stock in a research report on Friday, December 6th. Finally, Jefferies Financial Group lowered Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Toronto-Dominion Bank 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.