Hudson Portfolio Management LLC Has $1.26 Million Stock Position in The Toronto-Dominion Bank (NYSE:TD)

Hudson Portfolio Management LLC lessened its stake in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 2.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,693 shares of the bank’s stock after selling 670 shares during the quarter. Toronto-Dominion Bank accounts for about 1.2% of Hudson Portfolio Management LLC’s investment portfolio, making the stock its 26th biggest holding. Hudson Portfolio Management LLC’s holdings in Toronto-Dominion Bank were worth $1,261,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in TD. Norges Bank bought a new position in Toronto-Dominion Bank during the 4th quarter worth about $992,204,000. FIL Ltd lifted its stake in Toronto-Dominion Bank by 17.3% in the 4th quarter. FIL Ltd now owns 38,989,749 shares of the bank’s stock valued at $2,075,819,000 after acquiring an additional 5,756,584 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Toronto-Dominion Bank by 32.2% during the 4th quarter. Geode Capital Management LLC now owns 10,526,821 shares of the bank’s stock worth $569,878,000 after acquiring an additional 2,564,648 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Toronto-Dominion Bank by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 74,118,551 shares of the bank’s stock valued at $3,946,072,000 after purchasing an additional 1,415,934 shares during the last quarter. Finally, Guardian Partners Inc. bought a new position in Toronto-Dominion Bank in the fourth quarter valued at $38,332,000. Institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Performance

Shares of NYSE TD opened at $58.43 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 company has a market capitalization of $102.39 billion, a P/E ratio of 16.84, a P/E/G ratio of 1.95 and a beta of 0.73. The Toronto-Dominion Bank has a 12 month low of $51.25 and a 12 month high of $64.91. The stock has a 50 day moving average of $59.10 and a 200-day moving average of $57.23.

Toronto-Dominion Bank Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be given a dividend of $0.7278 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.91 dividend on an annualized basis and a yield of 4.98%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 85.29%.

Analyst Ratings Changes

TD has been the subject of a number of recent research reports. 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. Bank of America upgraded Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. Jefferies Financial Group cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Finally, StockNews.com downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Monday, February 24th. Two equities research 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 company’s stock. According to MarketBeat, Toronto-Dominion Bank currently has an average rating of “Hold” and a consensus target price of $80.50.

Toronto-Dominion Bank Company 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.