Cumberland Partners Ltd Has $3.89 Million Stock Holdings in The Toronto-Dominion Bank (NYSE:TD)

Cumberland Partners Ltd decreased its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 5.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 73,151 shares of the bank’s stock after selling 4,400 shares during the quarter. Cumberland Partners Ltd’s holdings in Toronto-Dominion Bank were worth $3,886,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TD. Dunhill Financial LLC increased its stake in Toronto-Dominion Bank by 164.9% during the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock worth $25,000 after purchasing an additional 249 shares in the last quarter. Bank of Jackson Hole Trust acquired a new position in shares of Toronto-Dominion Bank in the fourth quarter valued at approximately $32,000. Versant Capital Management Inc increased its position 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 worth $37,000 after acquiring an additional 200 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Toronto-Dominion Bank during the fourth quarter worth $58,000. Finally, Morse Asset Management Inc bought a new stake in Toronto-Dominion Bank in the 3rd quarter valued at $63,000. Institutional investors and hedge funds own 52.37% of the company’s stock.

Analyst Ratings Changes

TD has been the subject of a number of research reports. Jefferies Financial Group downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday. Barclays cut shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. 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 report on Friday, December 6th. BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. Finally, Desjardins lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Toronto-Dominion Bank currently has an average rating of “Hold” and an average price target of $80.50.

Toronto-Dominion Bank Stock Up 0.1 %

Shares of TD opened at $60.13 on Thursday. The firm has a 50 day simple moving average of $55.77 and a two-hundred day simple moving average of $57.49. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03. The Toronto-Dominion Bank has a one year low of $51.25 and a one year high of $64.91. The company has a market cap of $105.26 billion, a P/E ratio of 17.33, a P/E/G ratio of 1.94 and a beta of 0.84.

Toronto-Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were given a $0.7482 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $2.99 dividend on an annualized basis and a yield of 4.98%. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 84.15%.

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.