The Toronto-Dominion Bank (NYSE:TD) Stake Trimmed by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. reduced its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 40.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,485 shares of the bank’s stock after selling 5,675 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in Toronto-Dominion Bank were worth $452,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Dunhill Financial LLC lifted its holdings in shares of Toronto-Dominion Bank by 164.9% in the third quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock valued at $25,000 after purchasing an additional 249 shares in the last quarter. Versant Capital Management Inc boosted its position in Toronto-Dominion Bank by 40.0% during the 4th quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock worth $37,000 after acquiring an additional 200 shares during the period. Union Bancaire Privee UBP SA purchased a new position in Toronto-Dominion Bank during the 4th quarter valued at about $58,000. Morse Asset Management Inc purchased a new stake in shares of Toronto-Dominion Bank in the third quarter worth approximately $63,000. Finally, Eastern Bank purchased a new position in Toronto-Dominion Bank during the third quarter valued at approximately $66,000. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Down 0.3 %

NYSE TD opened at $59.76 on Friday. The firm has a 50-day simple moving average of $55.20 and a 200 day simple moving average of $57.44. 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 stock has a market cap of $104.62 billion, a PE ratio of 17.22, a PEG ratio of 1.86 and a beta of 0.84. The Toronto-Dominion Bank has a twelve month low of $51.25 and a twelve month high of $64.91.

Toronto-Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were paid a $0.7482 dividend. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. The ex-dividend date was Friday, January 10th. This represents a $2.99 dividend on an annualized basis and a dividend yield of 5.01%. Toronto-Dominion Bank’s dividend payout ratio is currently 84.15%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Desjardins cut shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Scotiabank cut Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, December 6th. StockNews.com raised Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Bank of America raised Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research report on Friday, January 17th. Finally, Barclays cut shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently 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.