The Toronto-Dominion Bank (NYSE:TD) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd trimmed its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 34.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,665 shares of the bank’s stock after selling 14,749 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Toronto-Dominion Bank were worth $1,750,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of TD. The Manufacturers Life Insurance Company boosted its holdings in Toronto-Dominion Bank by 24.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 13,509,261 shares of the bank’s stock valued at $854,815,000 after acquiring an additional 2,689,532 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Toronto-Dominion Bank by 61.1% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,011,579 shares of the bank’s stock valued at $380,118,000 after purchasing an additional 2,279,864 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Toronto-Dominion Bank by 61.7% in the second quarter. Dimensional Fund Advisors LP now owns 5,806,974 shares of the bank’s stock valued at $319,151,000 after purchasing an additional 2,215,185 shares in the last quarter. Quadrature Capital Ltd increased its stake in Toronto-Dominion Bank by 175.5% during the 3rd quarter. Quadrature Capital Ltd now owns 2,467,300 shares of the bank’s stock worth $156,202,000 after buying an additional 1,571,700 shares during the period. Finally, 1832 Asset Management L.P. lifted its holdings in Toronto-Dominion Bank by 6.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 25,803,480 shares of the bank’s stock worth $1,418,159,000 after buying an additional 1,462,794 shares in the last quarter. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Stock Up 0.9 %

TD opened at $53.11 on Wednesday. The stock has a market capitalization of $92.96 billion, a P/E ratio of 15.31, a price-to-earnings-growth ratio of 1.79 and a beta of 0.82. The Toronto-Dominion Bank has a one year low of $51.74 and a one year high of $65.12. The business’s 50-day simple moving average is $57.09 and its 200-day simple moving average is $57.64. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.02 and a current ratio of 1.02.

Toronto-Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be issued a $0.7482 dividend. This represents a $2.99 dividend on an annualized basis and a dividend yield of 5.63%. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. The ex-dividend date is Friday, January 10th. Toronto-Dominion Bank’s dividend payout ratio is presently 89.34%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Scotiabank cut Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research note on Friday, December 6th. StockNews.com upgraded Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research note on Monday. Royal Bank of Canada cut their target price on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating on the stock in a research note on Friday, December 6th. National Bank Financial upgraded shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research note on Thursday, August 22nd. Finally, Barclays downgraded shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $80.50.

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.