Y Intercept Hong Kong Ltd Sells 10,727 Shares of The Toronto-Dominion Bank (NYSE:TD)

Y Intercept Hong Kong Ltd lowered its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 38.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,938 shares of the bank’s stock after selling 10,727 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Toronto-Dominion Bank were worth $902,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. CIBC Asset Management Inc lifted its position in shares of Toronto-Dominion Bank by 0.4% during the 4th quarter. CIBC Asset Management Inc now owns 16,575,599 shares of the bank’s stock worth $882,241,000 after buying an additional 59,956 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Toronto-Dominion Bank by 24.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 13,509,261 shares of the bank’s stock worth $854,815,000 after buying an additional 2,689,532 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Toronto-Dominion Bank by 2.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 12,186,545 shares of the bank’s stock worth $770,921,000 after purchasing an additional 301,649 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Toronto-Dominion Bank by 1.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,761,308 shares of the bank’s stock worth $617,166,000 after purchasing an additional 144,427 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Toronto-Dominion Bank by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 7,962,173 shares of the bank’s stock worth $506,846,000 after purchasing an additional 479,624 shares during the period. Institutional investors own 52.37% of the company’s stock.

Analysts Set New Price Targets

TD has been the topic of a number of research reports. Desjardins cut shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Bank of America raised shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. StockNews.com cut shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Monday. Scotiabank cut shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday, December 6th. Finally, Barclays cut shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $80.50.

Toronto-Dominion Bank Trading Up 0.1 %

Shares of TD stock opened at $59.79 on Friday. The company’s fifty day simple moving average is $56.62 and its two-hundred day simple moving average is $57.62. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03. The Toronto-Dominion Bank has a 1 year low of $51.25 and a 1 year high of $64.91. The stock has a market capitalization of $104.76 billion, a price-to-earnings ratio of 17.23, a PEG ratio of 1.95 and a beta of 0.84.

Toronto-Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were given a dividend of $0.7482 per share. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. This represents a $2.99 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date was Friday, January 10th. Toronto-Dominion Bank’s payout ratio is 83.86%.

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.