Nicola Wealth Management LTD. trimmed its position in shares of Toronto Dominion Bank (The) (NYSE:TD – Free Report) (TSE:TD) by 15.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 363,302 shares of the bank’s stock after selling 63,900 shares during the period. Toronto Dominion Bank makes up approximately 3.1% of Nicola Wealth Management LTD.’s holdings, making the stock its 4th biggest holding. Nicola Wealth Management LTD.’s holdings in Toronto Dominion Bank were worth $34,245,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Toronto Dominion Bank by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 77,252,688 shares of the bank’s stock worth $7,280,911,000 after buying an additional 765,107 shares during the last quarter. TD Asset Management Inc increased its holdings in shares of Toronto Dominion Bank by 0.7% during the 3rd quarter. TD Asset Management Inc now owns 37,612,007 shares of the bank’s stock worth $3,008,096,000 after buying an additional 246,999 shares during the last quarter. Canerector Inc. increased its holdings in shares of Toronto Dominion Bank by 11,028.0% during the 3rd quarter. Canerector Inc. now owns 22,256,000 shares of the bank’s stock worth $1,779,367,000 after buying an additional 22,056,000 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Toronto Dominion Bank by 25.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 15,210,762 shares of the bank’s stock worth $1,432,854,000 after buying an additional 3,129,457 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in Toronto Dominion Bank by 4.3% during the 4th quarter. Legal & General Group Plc now owns 10,148,324 shares of the bank’s stock worth $957,711,000 after purchasing an additional 419,105 shares during the period. 52.37% of the stock is currently owned by institutional investors and hedge funds.
Toronto Dominion Bank Stock Up 0.0%
Shares of Toronto Dominion Bank stock opened at $111.92 on Monday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.09. The company has a fifty day moving average price of $101.42 and a 200 day moving average price of $95.03. The stock has a market cap of $185.37 billion, a price-to-earnings ratio of 12.37, a price-to-earnings-growth ratio of 1.25 and a beta of 0.71. Toronto Dominion Bank has a twelve month low of $66.53 and a twelve month high of $112.32.
Toronto Dominion Bank Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Thursday, April 9th were given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Thursday, April 9th. Toronto Dominion Bank’s dividend payout ratio is presently 34.36%.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the stock. Raymond James Financial raised shares of Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 12th. Canadian Imperial Bank of Commerce cut shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. Zacks Research cut shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Scotiabank raised shares of Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, May 4th. Finally, Wall Street Zen cut shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Saturday. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.
Read Our Latest Stock Report on Toronto Dominion Bank
Toronto Dominion Bank Profile
Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.
TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.
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