2 weeks Ago By Defense World Staff
Envestnet Asset Management Inc. cut its stake in shares of The Toronto-Dominion Bank (NYSE:TD – Free Report) (TSE:TD) by 35.5% during the 4th quarter, according to its most recent filing with the SEC.
The institutional investor owned 57,288 shares of the bank’s stock after selling 31,477 shares during the period. Envestnet Asset Management Inc.’s holdings in Toronto-Dominion Bank were worth $3,050,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in TD. Frank Rimerman Advisors LLC increased its holdings in Toronto-Dominion Bank by 3.2% in the fourth quarter.
Frank Rimerman Advisors LLC now owns 5,446 shares of the bank’s stock valued at $290,000 after buying an additional 171 shares during the last quarter. Passumpsic Savings Bank raised its holdings in shares of Toronto-Dominion Bank by 2.6% during 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 lifted its position in shares of 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 during the last quarter. Cardinal Capital Management boosted its stake in Toronto-Dominion Bank by 0.5% in the fourth quarter.
Cardinal Capital Management now owns 44,685 shares of the bank’s stock valued at $2,379,000 after acquiring an additional 205 shares during the period. Finally, Blue Trust Inc. grew its stake in Toronto-Dominion Bank by 9.
1% during the 4th quarter. Blue Trust Inc. now owns 2,987 shares of the bank’s stock worth $159,000 after buying an additional 250 shares during the last quarter.
52.37% of the stock is owned by institutional investors and hedge funds. Toronto-Dominion Bank Trading Down 0.
1 %Shares of TD opened at $62.13 on Friday. The company has a current ratio of 1.
03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11.
The Toronto-Dominion Bank has a 1-year low of $51.25 and a 1-year high of $64.91.
The stock has a market capitalization of $107.85 billion, a P/E ratio of 17.90, a P/E/G ratio of 1.
95 and a beta of 0.73. The business’s 50-day moving average price is $59.
44 and its 200 day moving average price is $57.11. Toronto-Dominion Bank Cuts DividendThe company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th.
Investors of record on Thursday, April 10th will be given a $0.7278 dividend. The ex-dividend date of this dividend is Thursday, April 10th.
This represents a $2.91 annualized dividend and a dividend yield of 4.69%.
Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 85.59%. Wall Street Analysts Forecast GrowthA number of research analysts have issued reports on the stock.
Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Bank of America raised shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. Finally, StockNews.
com lowered Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $80.
50.Check Out Our Latest Stock Report on Toronto-Dominion BankToronto-Dominion Bank Profile (Free Report)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.See AlsoFive stocks we like better than Toronto-Dominion BankLow PE Growth Stocks: Unlocking Investment OpportunitiesShort Sellers Gave Up on These 3 Names RecentlyConference Calls and Individual Investors3 Boring Stocks Outperforming the Market This YearHow to Plot Fibonacci Price Inflection Levels If You Wanted To Buy AbbVie and Didn’t, There’s Still Time To Buy.
