Integrated Wealth Concepts LLC Sells 1,090 Shares of The Toronto-Dominion Bank (NYSE:TD)

Integrated Wealth Concepts LLC reduced its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 4.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,471 shares of the bank’s stock after selling 1,090 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Toronto-Dominion Bank were worth $1,422,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Triad Wealth Partners LLC purchased a new stake in shares of Toronto-Dominion Bank during the 2nd quarter valued at about $31,000. Blue Trust Inc. boosted its holdings in shares of Toronto-Dominion Bank by 50.7% during the 2nd quarter. Blue Trust Inc. now owns 630 shares of the bank’s stock valued at $38,000 after acquiring an additional 212 shares during the last quarter. Kimelman & Baird LLC purchased a new stake in shares of Toronto-Dominion Bank during the 2nd quarter valued at about $49,000. Eastern Bank purchased a new stake in shares of Toronto-Dominion Bank during the 3rd quarter valued at about $66,000. Finally, Hexagon Capital Partners LLC boosted its holdings in shares of Toronto-Dominion Bank by 18.5% in the third quarter. Hexagon Capital Partners LLC now owns 1,337 shares of the bank’s stock worth $85,000 after buying an additional 209 shares during the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Analyst Ratings Changes

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. National Bank Financial raised shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a report on Thursday, August 22nd. StockNews.com downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Thursday, August 22nd. Scotiabank downgraded shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday. Finally, Royal Bank of Canada dropped their price objective on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating on the stock in a report on Friday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $80.50.

Toronto-Dominion Bank Price Performance

NYSE TD opened at $51.96 on Friday. The Toronto-Dominion Bank has a 12 month low of $51.74 and a 12 month high of $65.12. The stock has a market cap of $90.94 billion, a price-to-earnings ratio of 14.97, a PEG ratio of 1.86 and a beta of 0.82. The company’s 50 day moving average is $57.30 and its two-hundred day moving average is $57.64. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.10.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be given a dividend of $0.7482 per share. The ex-dividend date is Friday, January 10th. This represents a $2.99 annualized dividend and a dividend yield of 5.76%. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 87.03%.

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.