The Toronto-Dominion Bank (NYSE:TD) Shares Sold by McIlrath & Eck LLC

McIlrath & Eck LLC lessened its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 57.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,395 shares of the bank’s stock after selling 3,249 shares during the quarter. McIlrath & Eck LLC’s holdings in Toronto-Dominion Bank were worth $128,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Asahi Life Asset Management CO. LTD. acquired a new stake in Toronto-Dominion Bank in the 4th quarter valued at about $416,000. Vanguard Group Inc. grew its position in Toronto-Dominion Bank by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 74,118,551 shares of the bank’s stock worth $3,946,072,000 after buying an additional 1,415,934 shares during the last quarter. JPMorgan Chase & Co. grew its position in Toronto-Dominion Bank by 3.4% in the fourth quarter. JPMorgan Chase & Co. now owns 7,213,418 shares of the bank’s stock worth $384,042,000 after buying an additional 236,037 shares during the last quarter. Nicola Wealth Management LTD. grew its position in Toronto-Dominion Bank by 15.5% in the fourth quarter. Nicola Wealth Management LTD. now owns 510,002 shares of the bank’s stock worth $27,153,000 after buying an additional 68,400 shares during the last quarter. Finally, Te Ahumairangi Investment Management Ltd lifted its position in shares of Toronto-Dominion Bank by 21.2% during the 4th quarter. Te Ahumairangi Investment Management Ltd now owns 63,581 shares of the bank’s stock valued at $3,383,000 after acquiring an additional 11,100 shares during the last quarter. 52.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on TD shares. StockNews.com raised shares of Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, May 14th. Jefferies Financial Group downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Finally, Scotiabank started coverage on shares of Toronto-Dominion Bank in a research report on Thursday, May 15th. They set a “sector perform” rating on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $80.50.

Toronto-Dominion Bank Price Performance

TD opened at $64.70 on Wednesday. The stock has a market cap of $112.31 billion, a P/E ratio of 18.65, a P/E/G ratio of 1.95 and a beta of 0.81. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11. The company has a fifty day simple moving average of $60.96 and a 200 day simple moving average of $57.92. The Toronto-Dominion Bank has a 12 month low of $51.25 and a 12 month high of $65.02.

Toronto-Dominion Bank Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 10th were given a dividend of $0.7278 per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $2.91 annualized dividend and a yield of 4.50%. Toronto-Dominion Bank’s dividend payout ratio is 85.59%.

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.