Verdence Capital Advisors LLC Has $249,000 Holdings in The Toronto-Dominion Bank (NYSE:TD)

Verdence Capital Advisors LLC decreased its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 3.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,682 shares of the bank’s stock after selling 183 shares during the period. Verdence Capital Advisors LLC’s holdings in Toronto-Dominion Bank were worth $249,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dunhill Financial LLC increased its holdings in shares of Toronto-Dominion Bank by 164.9% in the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock valued at $25,000 after purchasing an additional 249 shares during the period. Bank of Jackson Hole Trust acquired a new position in Toronto-Dominion Bank in the 4th quarter valued at approximately $32,000. Versant Capital Management Inc lifted its position 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 buying an additional 200 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Toronto-Dominion Bank during the 4th quarter valued at $51,000. Finally, Union Bancaire Privee UBP SA purchased a new position in shares of Toronto-Dominion Bank during the 4th quarter valued at $58,000. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on TD shares. StockNews.com lowered Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Monday, February 24th. Jefferies Financial Group downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Royal Bank of Canada lowered their price target on Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating for the company in a research note on Friday, December 6th. Barclays lowered shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research report on Thursday, November 21st. 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. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $80.50.

Toronto-Dominion Bank Trading Up 0.6 %

Toronto-Dominion Bank stock opened at $59.58 on Friday. The Toronto-Dominion Bank has a 52 week low of $51.25 and a 52 week high of $64.91. 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 firm has a market capitalization of $104.40 billion, a PE ratio of 17.17, a PEG ratio of 1.95 and a beta of 0.83. The business’s 50-day simple moving average is $57.41 and its 200-day simple moving average is $57.67.

Toronto-Dominion Bank Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be given a $0.7278 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.91 annualized dividend and a dividend yield of 4.89%. Toronto-Dominion Bank’s dividend payout ratio is 85.29%.

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.