Janus Henderson Group PLC Reduces Stock Position in The Toronto-Dominion Bank (NYSE:TD)

Janus Henderson Group PLC lowered its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 6.3% during the 4th quarter, HoldingsChannel reports. The fund owned 172,347 shares of the bank’s stock after selling 11,500 shares during the period. Janus Henderson Group PLC’s holdings in Toronto-Dominion Bank were worth $9,178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Lee Danner & Bass Inc. purchased a new stake in shares of Toronto-Dominion Bank in the fourth quarter worth $27,000. Bank of Jackson Hole Trust purchased a new stake in shares of Toronto-Dominion Bank in the fourth quarter worth $32,000. CoreCap Advisors LLC raised its position in shares of Toronto-Dominion Bank by 57.5% in the fourth quarter. CoreCap Advisors LLC now owns 630 shares of the bank’s stock worth $34,000 after buying an additional 230 shares in the last quarter. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Toronto-Dominion Bank in the fourth quarter worth $39,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Toronto-Dominion Bank in the fourth quarter worth $51,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on TD shares. Scotiabank started coverage on Toronto-Dominion Bank in a research report on Thursday. They issued a “sector perform” rating on the stock. Jefferies Financial Group downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Finally, StockNews.com upgraded Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to 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 Trading Down 1.1%

NYSE TD opened at $64.27 on Friday. The stock’s 50-day simple moving average is $60.69 and its two-hundred day simple moving average is $57.79. The Toronto-Dominion Bank has a twelve month low of $51.25 and a twelve month high of $64.97. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $111.56 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 1.95 and a beta of 0.81.

Toronto-Dominion Bank Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th were given a dividend of $0.7278 per share. The ex-dividend date was Thursday, April 10th. This represents a $2.91 dividend on an annualized basis and a yield of 4.53%. Toronto-Dominion Bank’s payout ratio is 85.59%.

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.