Sumitomo Mitsui DS Asset Management Company Ltd Reduces Position in The Toronto-Dominion Bank (NYSE:TD)

Sumitomo Mitsui DS Asset Management Company Ltd trimmed its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 2.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,012 shares of the bank’s stock after selling 667 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Toronto-Dominion Bank were worth $1,172,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Dunhill Financial LLC grew 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 valued at $25,000 after buying an additional 249 shares during the last quarter. 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 purchasing an additional 200 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of Toronto-Dominion Bank in the 4th quarter valued at about $58,000. Morse Asset Management Inc acquired a new stake in shares of Toronto-Dominion Bank in the 3rd quarter valued at about $63,000. Finally, Eastern Bank purchased a new position in Toronto-Dominion Bank during the 3rd quarter worth approximately $66,000. Institutional investors and hedge funds own 52.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TD. BMO Capital Markets upgraded Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 19th. StockNews.com upgraded shares of Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. 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. 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. Finally, Scotiabank cut Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $80.50.

Toronto-Dominion Bank Trading Up 1.1 %

Shares of TD stock opened at $60.70 on Wednesday. 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 firm has a market cap of $106.24 billion, a P/E ratio of 17.49, a PEG ratio of 1.86 and a beta of 0.84. The Toronto-Dominion Bank has a 1-year low of $51.25 and a 1-year high of $64.91. The firm’s 50-day simple moving average is $54.90 and its 200-day simple moving average is $57.39.

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 paid a dividend of $0.7482 per share. The ex-dividend date of this dividend was Friday, January 10th. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. This represents a $2.99 annualized dividend and a yield of 4.93%. Toronto-Dominion Bank’s dividend payout ratio 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.