Bfsg LLC Cuts Stock Holdings in The Toronto-Dominion Bank (NYSE:TD)

Bfsg LLC reduced its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 44.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 501 shares of the bank’s stock after selling 396 shares during the period. Bfsg LLC’s holdings in Toronto-Dominion Bank were worth $27,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Dunhill Financial LLC raised its stake in shares of Toronto-Dominion Bank by 164.9% in the third 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. Versant Capital Management Inc increased 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 buying an additional 200 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in Toronto-Dominion Bank in the 4th quarter worth about $58,000. Morse Asset Management Inc bought a new position in Toronto-Dominion Bank during the 3rd quarter valued at about $63,000. Finally, Eastern Bank purchased a new stake in shares of Toronto-Dominion Bank during the 3rd quarter valued at about $66,000. 52.37% of the stock is owned by institutional investors.

Toronto-Dominion Bank Stock Up 0.1 %

NYSE TD opened at $60.13 on Thursday. 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 company has a market capitalization of $105.26 billion, a P/E ratio of 17.33, a price-to-earnings-growth ratio of 1.92 and a beta of 0.84. The stock’s 50-day moving average price is $55.77 and its 200-day moving average price is $57.49.

Toronto-Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were issued a dividend of $0.7482 per share. The ex-dividend date was Friday, January 10th. This represents a $2.99 annualized dividend and a yield of 4.98%. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. Toronto-Dominion Bank’s payout ratio is currently 84.15%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Royal Bank of Canada lowered their price objective on shares of 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. Jefferies Financial Group downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday. Desjardins cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Barclays cut Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research report on Thursday, November 21st. Finally, Scotiabank lowered shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus 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.