First Affirmative Financial Network Sells 739 Shares of The Toronto-Dominion Bank (NYSE:TD)

First Affirmative Financial Network cut its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 7.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,567 shares of the bank’s stock after selling 739 shares during the period. First Affirmative Financial Network’s holdings in Toronto-Dominion Bank were worth $456,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. CWM LLC grew its position in Toronto-Dominion Bank by 2.4% during the third quarter. CWM LLC now owns 7,208 shares of the bank’s stock valued at $456,000 after buying an additional 170 shares during the period. Pathstone Holdings LLC grew its position in shares of Toronto-Dominion Bank by 0.8% during the 3rd quarter. Pathstone Holdings LLC now owns 22,309 shares of the bank’s stock valued at $1,411,000 after acquiring an additional 184 shares during the period. Passumpsic Savings Bank increased its stake in shares of Toronto-Dominion Bank by 2.6% in the 3rd quarter. Passumpsic Savings Bank now owns 7,530 shares of the bank’s stock worth $476,000 after purchasing an additional 194 shares in the last quarter. Versant Capital Management Inc raised its holdings in Toronto-Dominion Bank by 40.0% in the 4th quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock worth $37,000 after purchasing an additional 200 shares during the period. Finally, Hexagon Capital Partners LLC lifted its position in Toronto-Dominion Bank by 18.5% during the third quarter. Hexagon Capital Partners LLC now owns 1,337 shares of the bank’s stock valued at $85,000 after purchasing an additional 209 shares in the last quarter. 52.37% of the stock is currently owned by institutional investors.

Toronto-Dominion Bank Price Performance

Shares of TD opened at $57.41 on Thursday. The stock has a market capitalization of $100.49 billion, a PE ratio of 16.54, a PEG ratio of 1.82 and a beta of 0.83. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.03 and a current ratio of 1.03. The Toronto-Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $64.91. The company has a 50 day moving average price of $54.62 and a 200-day moving average price of $57.41.

Toronto-Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be paid a dividend of $0.7482 per share. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. The ex-dividend date is Friday, January 10th. This represents a $2.99 dividend on an annualized basis and a dividend yield of 5.21%. Toronto-Dominion Bank’s payout ratio is presently 84.15%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. BMO Capital Markets raised Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 19th. StockNews.com downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Friday, December 27th. Desjardins cut shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Barclays downgraded shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. Finally, Jefferies Financial Group upgraded Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Two analysts have rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target 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.