Bennett Selby Investments LP Buys 1,140 Shares of The Toronto-Dominion Bank (NYSE:TD)

Bennett Selby Investments LP boosted its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 27.3% in the 4th quarter, Holdings Channel reports. The firm owned 5,309 shares of the bank’s stock after buying an additional 1,140 shares during the quarter. Bennett Selby Investments LP’s holdings in Toronto-Dominion Bank were worth $283,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. MFA Wealth Services bought a new position in Toronto-Dominion Bank in the fourth quarter worth approximately $213,000. Avior Wealth Management LLC lifted its holdings in shares of Toronto-Dominion Bank by 30.2% in the 4th quarter. Avior Wealth Management LLC now owns 3,007 shares of the bank’s stock worth $160,000 after buying an additional 697 shares during the period. Mutual Advisors LLC grew its position in shares of Toronto-Dominion Bank by 467.0% during the 4th quarter. Mutual Advisors LLC now owns 24,779 shares of the bank’s stock worth $1,371,000 after buying an additional 20,409 shares in the last quarter. Bridgewater Advisors Inc. increased its stake in shares of Toronto-Dominion Bank by 2.8% during the fourth quarter. Bridgewater Advisors Inc. now owns 10,381 shares of the bank’s stock valued at $568,000 after buying an additional 286 shares during the period. Finally, Arkadios Wealth Advisors bought a new stake in shares of Toronto-Dominion Bank in the fourth quarter valued at about $268,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Price Performance

Shares of TD opened at $57.27 on Friday. 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 company’s fifty day moving average price is $54.54 and its 200-day moving average price is $57.36. 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 $100.25 billion, a PE ratio of 16.50, a price-to-earnings-growth ratio of 1.82 and a beta of 0.83.

Toronto-Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be paid a $0.7482 dividend. This represents a $2.99 annualized dividend and a dividend yield of 5.23%. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend is Friday, January 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 84.15%.

Analyst Ratings Changes

TD has been the topic of several research reports. StockNews.com lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Friday, December 27th. Barclays cut Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. Desjardins lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Royal Bank of Canada cut their price objective on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating on the stock in a research report on Friday, December 6th. Finally, Bank of America upgraded shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Toronto-Dominion Bank currently has an average rating of “Hold” and a consensus price target of $80.50.

About Toronto-Dominion Bank

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.