Commons Capital LLC Sells 2,768 Shares of The Toronto-Dominion Bank (NYSE:TD)

Commons Capital LLC trimmed its stake in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 13.2% during the 4th quarter, Holdings Channel reports. The firm owned 18,174 shares of the bank’s stock after selling 2,768 shares during the quarter. Toronto-Dominion Bank comprises approximately 0.9% of Commons Capital LLC’s portfolio, making the stock its 24th biggest holding. Commons Capital LLC’s holdings in Toronto-Dominion Bank were worth $968,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of TD. Bridgewater Advisors Inc. grew its holdings in shares of Toronto-Dominion Bank by 2.8% during the 4th quarter. Bridgewater Advisors Inc. now owns 10,381 shares of the bank’s stock valued at $568,000 after purchasing an additional 286 shares during the last quarter. Arkadios Wealth Advisors bought a new position in shares of Toronto-Dominion Bank during the fourth quarter valued at about $268,000. Avanza Fonder AB purchased a new position in shares of Toronto-Dominion Bank in the fourth quarter worth about $6,416,000. Dixon Mitchell Investment Counsel Inc. lifted its stake in shares of Toronto-Dominion Bank by 1.2% in the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 1,469,207 shares of the bank’s stock valued at $78,193,000 after acquiring an additional 16,714 shares during the last quarter. Finally, Godsey & Gibb Inc. boosted its holdings in Toronto-Dominion Bank by 1.8% during the 4th quarter. Godsey & Gibb Inc. now owns 334,340 shares of the bank’s stock valued at $17,800,000 after acquiring an additional 5,826 shares during the period. 52.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on TD shares. Bank of America upgraded Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research report on Friday, January 17th. Jefferies Financial Group upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a report on Thursday, December 12th. StockNews.com lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Friday, December 27th. Scotiabank downgraded shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research note on Friday, December 6th. Finally, BMO Capital Markets raised Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 19th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $80.50.

Toronto-Dominion Bank Trading Down 0.5 %

Shares of TD opened at $57.25 on Wednesday. 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 firm’s 50-day moving average price is $54.49 and its 200-day moving average price is $57.35. The firm has a market capitalization of $100.22 billion, a price-to-earnings ratio of 16.50, a PEG ratio of 1.84 and a beta of 0.83.

Toronto-Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 10th will be issued a dividend of $0.7482 per share. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend is Friday, January 10th. This represents a $2.99 dividend on an annualized basis and a dividend yield of 5.23%. Toronto-Dominion Bank’s dividend payout ratio is 84.15%.

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.