Radnor Capital Management LLC Sells 3,347 Shares of The Toronto-Dominion Bank (NYSE:TD)

Radnor Capital Management LLC trimmed its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 20.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,199 shares of the bank’s stock after selling 3,347 shares during the quarter. Radnor Capital Management LLC’s holdings in Toronto-Dominion Bank were worth $703,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Dunhill Financial LLC grew its holdings in Toronto-Dominion Bank by 164.9% during the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock valued at $25,000 after buying an additional 249 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Toronto-Dominion Bank by 40.0% in the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock valued at $37,000 after purchasing an additional 200 shares in the last quarter. Kimelman & Baird LLC purchased a new position in shares of Toronto-Dominion Bank in the second quarter valued at $49,000. Morse Asset Management Inc bought a new stake in Toronto-Dominion Bank in the third quarter worth $63,000. Finally, Eastern Bank bought a new position in Toronto-Dominion Bank during the third quarter valued at $66,000. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TD. BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. Scotiabank lowered Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, December 6th. Barclays downgraded Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research report on Thursday, November 21st. Royal Bank of Canada lowered their price objective on Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating for the company in a research note on Friday, December 6th. Finally, Jefferies Financial Group raised Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Toronto-Dominion Bank currently has an average rating of “Hold” and a consensus price target of $80.50.

Toronto-Dominion Bank Stock Up 1.3 %

Shares of NYSE:TD opened at $55.41 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03. The business has a 50 day simple moving average of $54.52 and a two-hundred day simple moving average of $57.32. The Toronto-Dominion Bank has a 1 year low of $51.25 and a 1 year high of $64.91. The firm has a market capitalization of $96.98 billion, a PE ratio of 15.97, a price-to-earnings-growth ratio of 1.72 and a beta of 0.83.

Toronto-Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be paid a dividend of $0.7482 per share. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. This represents a $2.99 dividend on an annualized basis and a dividend yield of 5.40%. The ex-dividend date is Friday, January 10th. Toronto-Dominion Bank’s payout ratio is currently 87.03%.

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.