Boston Trust Walden Corp Decreases Stock Position in The Toronto-Dominion Bank (NYSE:TD)

Boston Trust Walden Corp trimmed its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 29.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,425 shares of the bank’s stock after selling 3,125 shares during the period. Boston Trust Walden Corp’s holdings in Toronto-Dominion Bank were worth $395,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of TD. Dunhill Financial LLC lifted its position in Toronto-Dominion Bank by 164.9% during the third 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. Versant Capital Management Inc raised its stake in Toronto-Dominion Bank by 40.0% during the 4th 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. Union Bancaire Privee UBP SA bought a new position in shares of Toronto-Dominion Bank during the 4th quarter valued at $58,000. Morse Asset Management Inc purchased a new position in shares of Toronto-Dominion Bank in the 3rd quarter worth $63,000. Finally, Eastern Bank bought a new stake in shares of Toronto-Dominion Bank in the third quarter worth $66,000. Institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Price Performance

Shares of Toronto-Dominion Bank stock opened at $57.32 on Wednesday. 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 Toronto-Dominion Bank has a 52 week low of $51.25 and a 52 week high of $64.91. The stock’s 50-day simple moving average is $54.72 and its 200-day simple moving average is $57.38. The company has a market capitalization of $100.33 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 1.82 and a beta of 0.84.

Toronto-Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were paid a $0.7482 dividend. This represents a $2.99 annualized dividend and a yield of 5.22%. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. The ex-dividend date was Friday, January 10th. Toronto-Dominion Bank’s dividend payout ratio is presently 84.15%.

Wall Street Analysts Forecast Growth

TD has been the topic of a number of research reports. Bank of America raised shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. Desjardins cut shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Barclays lowered Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. Scotiabank downgraded Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, December 6th. Finally, Royal Bank of Canada reduced 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 report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Toronto-Dominion Bank currently has an average rating of “Hold” and an average price target 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.