Advisors Capital Management LLC Sells 84,996 Shares of The Toronto-Dominion Bank (NYSE:TD)

Advisors Capital Management LLC decreased its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 22.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 290,324 shares of the bank’s stock after selling 84,996 shares during the period. Advisors Capital Management LLC’s holdings in Toronto-Dominion Bank were worth $15,457,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Lee Danner & Bass Inc. purchased a new position in Toronto-Dominion Bank in the fourth quarter worth $27,000. Bank of Jackson Hole Trust acquired a new position in Toronto-Dominion Bank during the 4th quarter valued at about $32,000. Versant Capital Management Inc raised its stake in Toronto-Dominion Bank by 40.0% in the fourth 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. Murphy & Mullick Capital Management Corp acquired a new stake in Toronto-Dominion Bank in the fourth quarter worth about $39,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Toronto-Dominion Bank during the fourth quarter worth about $51,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on TD shares. Jefferies Financial Group cut shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Bank of America raised Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research report on Friday, January 17th. BMO Capital Markets raised Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 19th. Finally, StockNews.com lowered Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $80.50.

Toronto-Dominion Bank Price Performance

NYSE:TD opened at $58.43 on Monday. The firm’s fifty day moving average is $59.10 and its two-hundred day moving average is $57.19. The firm has a market cap of $102.39 billion, a price-to-earnings ratio of 16.84, a PEG ratio of 1.95 and a beta of 0.73. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.03 and a current ratio of 1.03. The Toronto-Dominion Bank has a one year low of $51.25 and a one year high of $64.91.

Toronto-Dominion Bank Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be issued a dividend of $0.7278 per share. This represents a $2.91 annualized dividend and a yield of 4.98%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 85.29%.

Toronto-Dominion Bank Company 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.