The Toronto-Dominion Bank (NYSE:TD) Shares Sold by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co cut its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 21.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,155,126 shares of the bank’s stock after selling 316,234 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.07% of Toronto-Dominion Bank worth $61,429,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Toronto-Dominion Bank in the 4th quarter valued at about $992,204,000. FIL Ltd lifted its stake in shares of Toronto-Dominion Bank by 17.3% during the fourth quarter. FIL Ltd now owns 38,989,749 shares of the bank’s stock valued at $2,075,819,000 after buying an additional 5,756,584 shares during the period. Geode Capital Management LLC boosted its position in Toronto-Dominion Bank by 32.2% during the fourth quarter. Geode Capital Management LLC now owns 10,526,821 shares of the bank’s stock worth $569,878,000 after acquiring an additional 2,564,648 shares during the last quarter. Vanguard Group Inc. grew its stake in Toronto-Dominion Bank by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 74,118,551 shares of the bank’s stock worth $3,946,072,000 after acquiring an additional 1,415,934 shares during the period. Finally, Guardian Partners Inc. acquired a new position in Toronto-Dominion Bank in the 4th quarter valued at $38,332,000. 52.37% of the stock is owned by institutional investors and hedge funds.

Toronto-Dominion Bank Stock Performance

Shares of TD stock opened at $60.67 on Friday. The company’s fifty day simple moving average is $59.25 and its 200-day simple moving average is $57.19. The company has a current ratio of 1.03, a quick 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 company has a market cap of $106.31 billion, a PE ratio of 17.48, a P/E/G ratio of 1.95 and a beta of 0.73.

Toronto-Dominion Bank Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be paid a $0.7278 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.91 dividend on an annualized basis and a dividend yield of 4.80%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 85.59%.

Wall Street Analyst Weigh In

TD has been the subject of a number of recent analyst reports. StockNews.com downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Monday, February 24th. BMO Capital Markets raised shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 19th. Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, February 18th. Finally, Bank of America raised shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.