The Toronto-Dominion Bank (NYSE:TD) Shares Sold by Bank of Nova Scotia Trust Co.

Bank of Nova Scotia Trust Co. lessened its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 797,730 shares of the bank’s stock after selling 27,745 shares during the quarter. Toronto-Dominion Bank accounts for approximately 4.5% of Bank of Nova Scotia Trust Co.’s investment portfolio, making the stock its 3rd biggest position. Bank of Nova Scotia Trust Co.’s holdings in Toronto-Dominion Bank were worth $42,471,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Morse Asset Management Inc acquired a new position in Toronto-Dominion Bank during the third quarter worth about $63,000. MML Investors Services LLC increased its position in Toronto-Dominion Bank by 12.2% during the 3rd quarter. MML Investors Services LLC now owns 12,063 shares of the bank’s stock worth $763,000 after purchasing an additional 1,309 shares in the last quarter. Passumpsic Savings Bank lifted its stake in Toronto-Dominion Bank by 2.6% in the 3rd quarter. Passumpsic Savings Bank now owns 7,530 shares of the bank’s stock valued at $476,000 after purchasing an additional 194 shares during the last quarter. Tudor Financial Inc. acquired a new stake in Toronto-Dominion Bank in the third quarter valued at approximately $268,000. Finally, World Investment Advisors LLC bought a new stake in shares of Toronto-Dominion Bank during the third quarter worth $265,000. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Performance

TD stock opened at $60.67 on Friday. The firm has a market cap of $106.31 billion, a PE ratio of 17.48, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. The Toronto-Dominion Bank has a 1-year low of $51.25 and a 1-year high of $64.91. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11. The stock has a 50-day moving average price of $59.25 and a 200-day moving average price of $57.17.

Toronto-Dominion Bank Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.7278 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.91 dividend on an annualized basis and a yield of 4.80%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 85.59%.

Wall Street Analyst Weigh In

TD has been the subject of a number of research reports. Jefferies Financial Group cut 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 research note on Friday, January 17th. Finally, StockNews.com downgraded 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 issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.