Corient Private Wealth LLC trimmed its stake in Toronto Dominion Bank (The) (NYSE:TD – Free Report) (TSE:TD) by 7.9% in the fourth quarter, Holdings Channel reports. The firm owned 52,281 shares of the bank’s stock after selling 4,501 shares during the quarter. Corient Private Wealth LLC’s holdings in Toronto Dominion Bank were worth $4,925,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in TD. Main Line Retirement Advisors LLC grew its stake in shares of Toronto Dominion Bank by 0.9% in the fourth quarter. Main Line Retirement Advisors LLC now owns 12,152 shares of the bank’s stock valued at $1,145,000 after buying an additional 109 shares in the last quarter. Rosenberg Matthew Hamilton increased its holdings in Toronto Dominion Bank by 8.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 1,489 shares of the bank’s stock worth $140,000 after buying an additional 118 shares during the last quarter. Richardson Financial Services Inc. raised its position in Toronto Dominion Bank by 12.4% during the fourth quarter. Richardson Financial Services Inc. now owns 1,104 shares of the bank’s stock worth $104,000 after acquiring an additional 122 shares in the last quarter. Commons Capital LLC raised its position in Toronto Dominion Bank by 0.7% during the third quarter. Commons Capital LLC now owns 18,251 shares of the bank’s stock worth $1,459,000 after acquiring an additional 134 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its stake in Toronto Dominion Bank by 4.8% in the third quarter. CIBC Private Wealth Group LLC now owns 2,912 shares of the bank’s stock valued at $233,000 after acquiring an additional 134 shares during the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.
Toronto Dominion Bank Stock Down 0.6%
Shares of NYSE:TD opened at $119.81 on Friday. The firm has a market cap of $197.98 billion, a P/E ratio of 18.69, a P/E/G ratio of 1.34 and a beta of 0.72. Toronto Dominion Bank has a 12-month low of $72.04 and a 12-month high of $120.98. The business has a fifty day simple moving average of $111.40 and a 200 day simple moving average of $100.75. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.09.
Toronto Dominion Bank Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 10th will be issued a $1.12 dividend. The ex-dividend date is Friday, July 10th. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.08. This represents a $4.48 annualized dividend and a yield of 3.7%. Toronto Dominion Bank’s dividend payout ratio (DPR) is currently 50.55%.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on TD shares. Weiss Ratings downgraded Toronto Dominion Bank from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, June 11th. Raymond James Financial raised Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Tuesday, May 12th. Royal Bank Of Canada raised their price target on Toronto Dominion Bank from $138.00 to $156.00 and gave the company an “outperform” rating in a report on Monday, June 1st. Wall Street Zen cut shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Finally, Zacks Research downgraded shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $156.00.
Get Our Latest Analysis on Toronto Dominion Bank
Toronto Dominion Bank Company 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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