Fmr LLC Sells 541,278 Shares of The Toronto-Dominion Bank (NYSE:TD)

Fmr LLC cut its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 8.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,012,483 shares of the bank’s stock after selling 541,278 shares during the quarter. Fmr LLC’s holdings in Toronto-Dominion Bank were worth $320,105,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in TD. Frank Rimerman Advisors LLC grew its stake in shares of Toronto-Dominion Bank by 3.2% during the fourth quarter. Frank Rimerman Advisors LLC now owns 5,446 shares of the bank’s stock worth $290,000 after buying an additional 171 shares during the last quarter. Passumpsic Savings Bank boosted its holdings in shares of Toronto-Dominion Bank by 2.6% during the 3rd quarter. Passumpsic Savings Bank now owns 7,530 shares of the bank’s stock valued at $476,000 after acquiring an additional 194 shares in the last quarter. Versant Capital Management Inc grew 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 worth $37,000 after acquiring an additional 200 shares during the last quarter. Cardinal Capital Management increased its holdings in Toronto-Dominion Bank by 0.5% in the 4th quarter. Cardinal Capital Management now owns 44,685 shares of the bank’s stock worth $2,379,000 after purchasing an additional 205 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in Toronto-Dominion Bank by 9.1% in the 4th quarter. Blue Trust Inc. now owns 2,987 shares of the bank’s stock valued at $159,000 after buying an additional 250 shares during the last quarter. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto-Dominion Bank Stock Down 1.8 %

Shares of NYSE:TD opened at $56.54 on Friday. The business’s 50-day moving average is $59.08 and its 200-day moving average is $57.26. The Toronto-Dominion Bank has a 1 year low of $51.25 and a 1 year high of $64.91. The company has a market capitalization of $99.07 billion, a price-to-earnings ratio of 16.29, a P/E/G ratio of 1.95 and a beta of 0.73. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03.

Toronto-Dominion Bank Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.7278 per share. This represents a $2.91 dividend on an annualized basis and a dividend yield of 5.15%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank’s payout ratio is 85.29%.

Analysts Set New Price Targets

Several analysts recently weighed in on TD shares. Jefferies Financial Group cut shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Bank of America raised Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. StockNews.com downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Monday, February 24th. Finally, BMO Capital Markets upgraded Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $80.50.

Toronto-Dominion Bank Company 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.