Congress Wealth Management LLC DE Purchases 2,566 Shares of The Toronto-Dominion Bank (NYSE:TD)

Congress Wealth Management LLC DE grew its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 55.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,212 shares of the bank’s stock after purchasing an additional 2,566 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Toronto-Dominion Bank were worth $384,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in TD. Cerity Partners LLC lifted its stake in Toronto-Dominion Bank by 57.1% during the third quarter. Cerity Partners LLC now owns 26,755 shares of the bank’s stock worth $1,693,000 after purchasing an additional 9,725 shares during the last quarter. FMR LLC raised its holdings in shares of Toronto-Dominion Bank by 9.9% during the 3rd quarter. FMR LLC now owns 6,553,761 shares of the bank’s stock worth $414,417,000 after buying an additional 587,947 shares in the last quarter. D.A. Davidson & CO. boosted its stake in Toronto-Dominion Bank by 2.6% in the third quarter. D.A. Davidson & CO. now owns 11,904 shares of the bank’s stock valued at $753,000 after buying an additional 304 shares in the last quarter. Townsquare Capital LLC bought a new position in Toronto-Dominion Bank in the third quarter valued at about $612,000. Finally, Glenmede Trust Co. NA raised its stake in Toronto-Dominion Bank by 13.3% during the third quarter. Glenmede Trust Co. NA now owns 10,181 shares of the bank’s stock worth $644,000 after acquiring an additional 1,195 shares in the last quarter. Institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Down 1.1 %

Shares of TD opened at $60.31 on Friday. The stock’s 50-day moving average price is $58.99 and its two-hundred day moving average price is $57.64. The Toronto-Dominion Bank has a 12 month low of $51.25 and a 12 month high of $64.91. The company has a market capitalization of $105.67 billion, a PE ratio of 17.38, a PEG ratio of 1.95 and a beta of 0.83. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11.

Toronto-Dominion Bank Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be issued a $0.7278 dividend. This represents a $2.91 annualized dividend and a yield of 4.83%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank’s payout ratio is presently 85.29%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, February 18th. Bank of America upgraded shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. StockNews.com downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Monday, February 24th. Desjardins cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Finally, Royal Bank of Canada reduced their price target on 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. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Toronto-Dominion Bank has an average rating of “Hold” and a consensus price target 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.