The Toronto-Dominion Bank (NYSE:TD) Holdings Trimmed by Claro Advisors LLC

Claro Advisors LLC reduced its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,762 shares of the bank’s stock after selling 366 shares during the period. Claro Advisors LLC’s holdings in Toronto-Dominion Bank were worth $1,691,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Mackenzie Financial Corp boosted its stake in Toronto-Dominion Bank by 0.8% in the 2nd quarter. Mackenzie Financial Corp now owns 25,997,122 shares of the bank’s stock valued at $1,429,186,000 after buying an additional 218,807 shares in the last quarter. 1832 Asset Management L.P. grew its holdings in Toronto-Dominion Bank by 6.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 25,803,480 shares of the bank’s stock worth $1,418,159,000 after acquiring an additional 1,462,794 shares during the period. CIBC Asset Management Inc increased its holdings in Toronto-Dominion Bank by 5.4% in the third quarter. CIBC Asset Management Inc now owns 16,515,643 shares of the bank’s stock valued at $1,046,825,000 after purchasing an additional 853,313 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Toronto-Dominion Bank by 9.6% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 13,814,269 shares of the bank’s stock valued at $759,449,000 after purchasing an additional 1,206,574 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in shares of Toronto-Dominion Bank by 24.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 13,509,261 shares of the bank’s stock valued at $854,815,000 after buying an additional 2,689,532 shares in the last quarter. 52.37% of the stock is owned by institutional investors and hedge funds.

Toronto-Dominion Bank Price Performance

Shares of Toronto-Dominion Bank stock traded up $0.12 on Monday, reaching $54.31. The stock had a trading volume of 1,612,050 shares, compared to its average volume of 3,634,821. The Toronto-Dominion Bank has a 1 year low of $51.25 and a 1 year high of $64.91. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.11. The company has a market cap of $95.06 billion, a P/E ratio of 15.65, a price-to-earnings-growth ratio of 1.69 and a beta of 0.83. The business’s 50 day moving average is $54.55 and its two-hundred day moving average is $57.33.

Toronto-Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 10th will be given a $0.7482 dividend. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. The ex-dividend date is Friday, January 10th. This represents a $2.99 dividend on an annualized basis and a yield of 5.51%. Toronto-Dominion Bank’s payout ratio is presently 83.86%.

Wall Street Analysts Forecast Growth

TD has been the subject of several recent research reports. Jefferies Financial Group upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a report on Thursday, December 12th. Barclays lowered Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. BMO Capital Markets raised Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. Scotiabank cut Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday, December 6th. Finally, Desjardins downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $80.50.

Toronto-Dominion Bank 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.