Donaldson Capital Management LLC Has $674,000 Position in The Toronto-Dominion Bank (NYSE:TD)

Donaldson Capital Management LLC lessened its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 5.0% during the 4th quarter, Holdings Channel reports. The firm owned 12,665 shares of the bank’s stock after selling 666 shares during the quarter. Donaldson Capital Management LLC’s holdings in Toronto-Dominion Bank were worth $674,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in TD. Dunhill Financial LLC raised its position in 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 last quarter. Bank of Jackson Hole Trust bought a new position in shares of Toronto-Dominion Bank in the fourth quarter valued at about $32,000. Versant Capital Management Inc raised 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 valued at $37,000 after buying an additional 200 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Toronto-Dominion Bank during the 4th quarter worth about $51,000. Finally, Union Bancaire Privee UBP SA bought a new stake in Toronto-Dominion Bank during the 4th quarter worth about $58,000. Institutional investors own 52.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 19th. StockNews.com downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Monday, February 24th. Bank of America raised Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. Desjardins lowered Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Finally, Royal Bank of Canada lowered their price objective on Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating for the company in a research report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $80.50.

Toronto-Dominion Bank Stock Performance

TD stock opened at $57.76 on Wednesday. The Toronto-Dominion Bank has a twelve month low of $51.25 and a twelve month high of $64.91. 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 company has a market cap of $101.20 billion, a P/E ratio of 16.64, a price-to-earnings-growth ratio of 1.95 and a beta of 0.83. The business’s fifty day moving average is $57.62 and its 200-day moving average is $57.63.

Toronto-Dominion Bank Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be paid a $0.7278 dividend. This represents a $2.91 annualized dividend and a yield of 5.04%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank’s 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.