Mitsubishi UFJ Trust & Banking Corp Sells 63,119 Shares of The Toronto-Dominion Bank (NYSE:TD)

Mitsubishi UFJ Trust & Banking Corp trimmed its stake in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 21.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 236,713 shares of the bank’s stock after selling 63,119 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Toronto-Dominion Bank were worth $12,624,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Dunhill Financial LLC raised its position in shares of Toronto-Dominion Bank by 164.9% in the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock worth $25,000 after purchasing an additional 249 shares during the last quarter. Lee Danner & Bass Inc. purchased a new position in Toronto-Dominion Bank in the fourth quarter worth about $27,000. Bank of Jackson Hole Trust bought a new position in shares of Toronto-Dominion Bank in the fourth quarter worth approximately $32,000. Versant Capital Management Inc grew its holdings in shares of Toronto-Dominion Bank by 40.0% during the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock valued at $37,000 after buying an additional 200 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Toronto-Dominion Bank during the fourth quarter valued at approximately $51,000. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Price Performance

NYSE TD opened at $60.31 on Friday. The company has a 50-day moving average price of $58.99 and a 200-day moving average price of $57.66. The Toronto-Dominion Bank has a 52 week low of $51.25 and a 52 week high of $64.91. 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 firm has a market capitalization of $105.67 billion, a P/E ratio of 17.38, a PEG ratio of 1.95 and a beta of 0.83.

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 given a $0.7278 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.91 annualized dividend and a yield of 4.83%. Toronto-Dominion Bank’s payout ratio is presently 85.29%.

Analysts Set New Price Targets

TD has been the topic of several analyst reports. Scotiabank cut Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, December 6th. Royal Bank of Canada dropped their price objective 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. BMO Capital Markets raised Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 19th. StockNews.com downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Monday, February 24th. Finally, Bank of America upgraded shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average 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.