Pine Valley Investments Ltd Liability Co Trims Stock Position in The Toronto-Dominion Bank (NYSE:TD)

Pine Valley Investments Ltd Liability Co trimmed its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 8.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,323 shares of the bank’s stock after selling 400 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in Toronto-Dominion Bank were worth $230,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Pathstone Holdings LLC raised its stake in Toronto-Dominion Bank by 0.8% in the 3rd quarter. Pathstone Holdings LLC now owns 22,309 shares of the bank’s stock valued at $1,411,000 after purchasing an additional 184 shares during the last quarter. Passumpsic Savings Bank raised its position in shares of Toronto-Dominion Bank by 2.6% in the third quarter. Passumpsic Savings Bank now owns 7,530 shares of the bank’s stock valued at $476,000 after buying an additional 194 shares during the last quarter. Versant Capital Management Inc lifted its stake 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 valued at $37,000 after buying an additional 200 shares during the period. Cardinal Capital Management boosted its position in Toronto-Dominion Bank by 0.5% during the fourth quarter. Cardinal Capital Management now owns 44,685 shares of the bank’s stock worth $2,379,000 after acquiring an additional 205 shares during the last quarter. Finally, Dunhill Financial LLC boosted its position in Toronto-Dominion Bank by 164.9% during the third quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock worth $25,000 after acquiring an additional 249 shares during the last quarter. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TD has been the topic of a number of recent analyst reports. Barclays lowered Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. Desjardins downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. BMO Capital Markets upgraded Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. Scotiabank lowered shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday, December 6th. Finally, Bank of America raised shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Toronto-Dominion Bank presently has an average rating of “Hold” and a consensus target price of $80.50.

Toronto-Dominion Bank Stock Performance

Shares of NYSE:TD opened at $59.79 on Friday. The business has a 50-day moving average of $56.62 and a two-hundred day moving average of $57.62. The firm has a market capitalization of $104.76 billion, a PE ratio of 17.23, a P/E/G ratio of 1.95 and a beta of 0.84. 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 Toronto-Dominion Bank has a 12 month low of $51.25 and a 12 month high of $64.91.

Toronto-Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 10th were given a dividend of $0.7482 per share. This represents a $2.99 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date of this dividend was Friday, January 10th. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. Toronto-Dominion Bank’s dividend payout ratio is 83.86%.

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.