Toronto-Dominion Bank (NYSE:TD) Shares Sold by Delta Financial Advisors LLC
Delta Financial Advisors LLC lowered its position in shares of Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,217 shares of the bank’s stock after selling 400 shares during the quarter. Delta Financial Advisors LLC’s holdings in Toronto-Dominion Bank were worth $2,033,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Pictet Asset Management Ltd. grew its position in shares of Toronto-Dominion Bank by 3.5% in the third quarter. Pictet Asset Management Ltd. now owns 709,906 shares of the bank’s stock valued at $41,419,000 after purchasing an additional 24,300 shares in the last quarter. Advisors Capital Management LLC purchased a new stake in shares of Toronto-Dominion Bank in the fourth quarter valued at approximately $2,650,000. Beutel Goodman & Co Ltd. grew its position in Toronto-Dominion Bank by 4.3% in the third quarter. Beutel Goodman & Co Ltd. now owns 23,747,019 shares of the bank’s stock worth $1,384,830,000 after acquiring an additional 985,612 shares during the period. Family Legacy Inc. grew its position in Toronto-Dominion Bank by 1.5% in the fourth quarter. Family Legacy Inc. now owns 22,848 shares of the bank’s stock worth $1,295,000 after acquiring an additional 333 shares during the period. Finally, Voya Financial Advisors Inc. grew its position in Toronto-Dominion Bank by 1.6% in the third quarter. Voya Financial Advisors Inc. now owns 25,120 shares of the bank’s stock worth $1,454,000 after acquiring an additional 401 shares during the period. Institutional investors and hedge funds own 47.59% of the company’s stock.
Toronto-Dominion Bank stock opened at $56.63 on Friday. The stock’s fifty day moving average is $56.28 and its two-hundred day moving average is $56.43. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.00 and a quick ratio of 1.00. Toronto-Dominion Bank has a 1-year low of $53.44 and a 1-year high of $59.55. The stock has a market cap of $102.48 billion, a PE ratio of 12.07, a P/E/G ratio of 1.79 and a beta of 0.96.
The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were given a dividend of $0.5605 per share. The ex-dividend date was Thursday, January 9th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.96%. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.55. Toronto-Dominion Bank’s payout ratio is 45.33%.
Several research analysts have recently commented on TD shares. CIBC lowered Toronto-Dominion Bank from a “sector outperform” rating to a “neutral” rating and set a $82.00 price target for the company. in a research report on Thursday, November 21st. Canaccord Genuity lowered their price target on Toronto-Dominion Bank from $81.00 to $79.00 and set a “buy” rating for the company in a research report on Friday, December 6th. CSFB cut Toronto-Dominion Bank from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $76.00 to $74.00 in a research note on Monday, October 28th. Zacks Investment Research cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Friday. Finally, ValuEngine upgraded Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Toronto-Dominion Bank currently has a consensus rating of “Hold” and an average price target of $78.42.
Toronto-Dominion Bank Profile
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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