Bfsg LLC Decreases Stock Holdings in The Toronto-Dominion Bank (NYSE:TD)

Bfsg LLC lowered its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 44.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 501 shares of the bank’s stock after selling 396 shares during the period. Bfsg LLC’s holdings in Toronto-Dominion Bank were worth $27,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Dunhill Financial LLC boosted its holdings in shares of Toronto-Dominion Bank by 164.9% during the third quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock worth $25,000 after purchasing an additional 249 shares during the period. Versant Capital Management Inc raised its position in Toronto-Dominion Bank by 40.0% during the 4th quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock valued at $37,000 after purchasing an additional 200 shares during the last quarter. Morse Asset Management Inc purchased a new stake in Toronto-Dominion Bank in the 3rd quarter worth approximately $63,000. Eastern Bank bought a new stake in shares of Toronto-Dominion Bank in the 3rd quarter worth approximately $66,000. Finally, Union Bancaire Privee UBP SA purchased a new position in shares of Toronto-Dominion Bank during the fourth quarter valued at approximately $58,000. Institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Price Performance

TD stock opened at $60.13 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a 50 day moving average price of $55.77 and a 200-day moving average price of $57.49. The Toronto-Dominion Bank has a 52-week low of $51.25 and a 52-week high of $64.91. The firm has a market capitalization of $105.26 billion, a price-to-earnings ratio of 17.33, a PEG ratio of 1.92 and a beta of 0.84.

Toronto-Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were issued a $0.7482 dividend. This represents a $2.99 annualized dividend and a yield of 4.98%. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend was Friday, January 10th. Toronto-Dominion Bank’s payout ratio is 84.15%.

Analysts Set New Price Targets

TD has been the subject of a number of research analyst reports. Desjardins lowered Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Bank of America raised shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. Jefferies Financial Group downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday. StockNews.com upgraded shares of Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, BMO Capital Markets raised Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $80.50.

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.