JARISLOWSKY FRASER Ltd Sells 49,125 Shares of The Toronto-Dominion Bank (NYSE:TD)

JARISLOWSKY FRASER Ltd decreased its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 3.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,472,075 shares of the bank’s stock after selling 49,125 shares during the quarter. JARISLOWSKY FRASER Ltd owned approximately 0.08% of Toronto-Dominion Bank worth $78,333,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Lee Danner & Bass Inc. bought a new stake in shares of Toronto-Dominion Bank in the fourth quarter valued at about $27,000. Bank of Jackson Hole Trust purchased a new position in shares of Toronto-Dominion Bank in the 4th quarter valued at $32,000. CoreCap Advisors LLC raised its position in shares of Toronto-Dominion Bank by 57.5% in the 4th quarter. CoreCap Advisors LLC now owns 630 shares of the bank’s stock worth $34,000 after acquiring an additional 230 shares in the last quarter. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Toronto-Dominion Bank during the 4th quarter worth $39,000. Finally, SBI Securities Co. Ltd. bought a new stake in Toronto-Dominion Bank during the fourth quarter valued at about $51,000. 52.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TD. StockNews.com downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Monday, February 24th. Bank of America upgraded Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. Finally, 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. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $80.50.

Toronto-Dominion Bank Stock Performance

Shares of NYSE TD opened at $63.19 on Friday. The stock has a market cap of $109.69 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 1.95 and a beta of 0.81. The Toronto-Dominion Bank has a 12 month low of $51.25 and a 12 month high of $64.91. The company has a 50 day simple moving average of $60.17 and a two-hundred day simple moving average of $57.51. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11.

Toronto-Dominion Bank Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th were issued a $0.7278 dividend. This represents a $2.91 annualized dividend and a yield of 4.61%. The ex-dividend date was Thursday, April 10th. Toronto-Dominion Bank’s payout ratio is 85.59%.

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.