Avalon Advisors LLC lowered its stake in shares of Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 5.3% in the 4th quarter, Holdings Channel reports. The firm owned 247,540 shares of the bank’s stock after selling 13,750 shares during the quarter. Avalon Advisors LLC’s holdings in Toronto-Dominion Bank were worth $12,308,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Capital Investment Advisory Services LLC purchased a new position in Toronto-Dominion Bank in the 4th quarter valued at approximately $27,000. Country Trust Bank purchased a new position in Toronto-Dominion Bank in the 4th quarter valued at approximately $35,000. Patriot Financial Group Insurance Agency LLC grew its stake in Toronto-Dominion Bank by 24.9% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 902 shares of the bank’s stock valued at $45,000 after buying an additional 180 shares in the last quarter. Portfolio Solutions LLC purchased a new position in Toronto-Dominion Bank in the 4th quarter valued at approximately $50,000. Finally, Bessemer Group Inc. grew its stake in Toronto-Dominion Bank by 37.5% in the 4th quarter. Bessemer Group Inc. now owns 1,100 shares of the bank’s stock valued at $55,000 after buying an additional 300 shares in the last quarter. Institutional investors own 48.22% of the company’s stock.
Shares of NYSE:TD opened at $56.29 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.12. Toronto-Dominion Bank has a one year low of $47.73 and a one year high of $62.00. The firm has a market capitalization of $103.15 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 1.56 and a beta of 1.07.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 10th will be issued a $0.564 dividend. This represents a $2.26 annualized dividend and a yield of 4.01%. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.51. The ex-dividend date is Tuesday, April 9th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 39.17%.
A number of research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Barclays reissued a “hold” rating on shares of Toronto-Dominion Bank in a report on Thursday, November 29th. BMO Capital Markets reissued a “buy” rating on shares of Toronto-Dominion Bank in a report on Thursday, February 28th. Canaccord Genuity reissued a “buy” rating on shares of Toronto-Dominion Bank in a report on Friday, November 30th. Finally, Desjardins reissued a “buy” rating on shares of Toronto-Dominion Bank in a report on Monday, December 10th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Toronto-Dominion Bank currently has a consensus rating of “Hold” and a consensus target price of $60.00.
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About Toronto-Dominion Bank
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.
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