Value Partners Investments Inc. Has $6.30 Million Position in The Toronto-Dominion Bank (NYSE:TD)

Value Partners Investments Inc. reduced its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 89.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 118,337 shares of the bank’s stock after selling 969,642 shares during the quarter. Toronto-Dominion Bank comprises about 0.2% of Value Partners Investments Inc.’s portfolio, making the stock its 3rd largest position. Value Partners Investments Inc.’s holdings in Toronto-Dominion Bank were worth $6,300,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in TD. Norges Bank acquired a new stake in Toronto-Dominion Bank in the fourth quarter valued at about $992,204,000. FIL Ltd lifted its holdings in shares of Toronto-Dominion Bank by 17.3% in the fourth quarter. FIL Ltd now owns 38,989,749 shares of the bank’s stock worth $2,075,819,000 after acquiring an additional 5,756,584 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Toronto-Dominion Bank by 32.2% in the 4th quarter. Geode Capital Management LLC now owns 10,526,821 shares of the bank’s stock valued at $569,878,000 after purchasing an additional 2,564,648 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Toronto-Dominion Bank by 1.9% during the 4th 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. acquired a new position in Toronto-Dominion Bank during the 4th quarter worth approximately $38,332,000. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on TD. Jefferies Financial Group cut shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. StockNews.com lowered Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Monday, February 24th. BMO Capital Markets upgraded Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. Finally, Bank of America raised Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $80.50.

Toronto-Dominion Bank Price Performance

Toronto-Dominion Bank stock opened at $58.43 on Monday. The stock’s 50 day moving average is $59.10 and its 200 day moving average is $57.19. The Toronto-Dominion Bank has a one year low of $51.25 and a one year high of $64.91. The firm has a market cap 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 company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03.

Toronto-Dominion Bank Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be paid a $0.7278 dividend. This represents a $2.91 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank’s dividend payout ratio is currently 85.29%.

About Toronto-Dominion Bank

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.