The Toronto-Dominion Bank (NYSE:TD) Stock Position Trimmed by Mufg Securities Canada LTD.

Mufg Securities Canada LTD. trimmed its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 71.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,669,721 shares of the bank’s stock after selling 6,730,465 shares during the quarter. Toronto-Dominion Bank comprises 5.1% of Mufg Securities Canada LTD.’s holdings, making the stock its 5th largest position. Mufg Securities Canada LTD. owned approximately 0.15% of Toronto-Dominion Bank worth $142,042,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TD. Asahi Life Asset Management CO. LTD. acquired a new position in Toronto-Dominion Bank in the 4th quarter worth approximately $416,000. Cerity Partners LLC increased its stake in shares of Toronto-Dominion Bank by 57.1% in the third quarter. Cerity Partners LLC now owns 26,755 shares of the bank’s stock worth $1,693,000 after acquiring an additional 9,725 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Toronto-Dominion Bank by 61.1% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,011,579 shares of the bank’s stock worth $380,118,000 after acquiring an additional 2,279,864 shares during the period. FMR LLC raised its holdings in shares of Toronto-Dominion Bank by 9.9% during the third quarter. FMR LLC now owns 6,553,761 shares of the bank’s stock worth $414,417,000 after purchasing an additional 587,947 shares during the last quarter. Finally, Nicola Wealth Management LTD. lifted its position in Toronto-Dominion Bank by 15.5% during the fourth quarter. Nicola Wealth Management LTD. now owns 510,002 shares of the bank’s stock valued at $27,153,000 after purchasing an additional 68,400 shares during the period. Institutional investors and hedge funds own 52.37% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Royal Bank of Canada cut their price target on 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. Desjardins cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Scotiabank lowered Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, December 6th. Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, February 18th. Finally, StockNews.com cut shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Toronto-Dominion Bank currently has a consensus rating of “Hold” and an average price target of $80.50.

Toronto-Dominion Bank Stock Performance

NYSE:TD opened at $60.95 on Wednesday. The company has a fifty day moving average of $58.71 and a two-hundred day moving average of $57.62. The Toronto-Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $64.91. The stock has a market capitalization of $106.80 billion, a PE ratio of 17.56, a P/E/G ratio of 1.95 and a beta of 0.83. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.03 and a current ratio of 1.03.

Toronto-Dominion Bank Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be issued a $0.7278 dividend. This represents a $2.91 annualized dividend and a yield of 4.78%. The ex-dividend date of this dividend is Thursday, April 10th. Toronto-Dominion Bank’s payout ratio is 85.29%.

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.