Addison Advisors LLC Trims Stake in The Toronto-Dominion Bank (NYSE:TD)

Addison Advisors LLC cut its stake in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 40.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,952 shares of the bank’s stock after selling 2,018 shares during the period. Addison Advisors LLC’s holdings in Toronto-Dominion Bank were worth $157,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Pathstone Holdings LLC increased its stake in shares of Toronto-Dominion Bank by 0.8% in the 3rd quarter. Pathstone Holdings LLC now owns 22,309 shares of the bank’s stock worth $1,411,000 after acquiring an additional 184 shares in the last quarter. Passumpsic Savings Bank grew its holdings in Toronto-Dominion Bank by 2.6% in the third quarter. Passumpsic Savings Bank now owns 7,530 shares of the bank’s stock worth $476,000 after purchasing an additional 194 shares during the period. Versant Capital Management Inc increased its stake 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 valued at $37,000 after purchasing an additional 200 shares in the last quarter. Cardinal Capital Management lifted its holdings in shares of Toronto-Dominion Bank by 0.5% during the fourth quarter. Cardinal Capital Management now owns 44,685 shares of the bank’s stock valued at $2,379,000 after purchasing an additional 205 shares during the last quarter. Finally, Dunhill Financial LLC boosted its position in shares of Toronto-Dominion Bank by 164.9% in 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. 52.37% of the stock is owned by institutional investors.

Toronto-Dominion Bank Price Performance

NYSE TD opened at $59.59 on Wednesday. The Toronto-Dominion Bank has a one year low of $51.25 and a one year high of $64.91. The stock has a 50-day moving average of $56.30 and a 200 day moving average of $57.59. 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 company has a market capitalization of $104.40 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 1.95 and a beta of 0.84.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were issued a dividend of $0.7482 per share. This represents a $2.99 annualized dividend and a dividend yield of 5.02%. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. The ex-dividend date was Friday, January 10th. Toronto-Dominion Bank’s payout ratio is presently 83.86%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Barclays lowered Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research report on Thursday, November 21st. Scotiabank lowered Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, December 6th. Royal Bank of Canada dropped their price target 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. BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 19th. Finally, Bank of America upgraded shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average 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.