Beacon Pointe Advisors LLC Trims Position in The Toronto-Dominion Bank (NYSE:TD)

Beacon Pointe Advisors LLC reduced its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 43.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,523 shares of the bank’s stock after selling 4,193 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in Toronto-Dominion Bank were worth $294,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Lee Danner & Bass Inc. acquired a new position in shares of Toronto-Dominion Bank during the 4th quarter valued at about $27,000. Bank of Jackson Hole Trust acquired a new position in Toronto-Dominion Bank during the fourth quarter worth approximately $32,000. Versant Capital Management Inc raised its stake in Toronto-Dominion Bank by 40.0% during the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock worth $37,000 after purchasing an additional 200 shares during the period. Murphy & Mullick Capital Management Corp acquired a new position in shares of Toronto-Dominion Bank in the 4th quarter valued at $39,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Toronto-Dominion Bank during the 4th quarter valued at $51,000. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Stock Up 1.3 %

NYSE TD opened at $63.94 on Monday. The stock has a market cap of $110.99 billion, a PE ratio of 18.43, a P/E/G ratio of 1.95 and a beta of 0.73. The business has a 50 day moving average price of $59.79 and a two-hundred day moving average price of $57.29. The Toronto-Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $64.91. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11.

Toronto-Dominion Bank Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 10th were paid a dividend of $0.7278 per share. This represents a $2.91 annualized dividend and a yield of 4.55%. The ex-dividend date of this dividend was Thursday, April 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 85.59%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Bank of America upgraded Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. StockNews.com cut Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Monday, February 24th. Finally, Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Toronto-Dominion Bank has an average 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.