UNIVEST FINANCIAL Corp Has $3.23 Million Holdings in The Toronto-Dominion Bank (NYSE:TD)

UNIVEST FINANCIAL Corp grew its stake in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 6.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,710 shares of the bank’s stock after acquiring an additional 3,501 shares during the period. UNIVEST FINANCIAL Corp’s holdings in Toronto-Dominion Bank were worth $3,232,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of TD. Murphy & Mullick Capital Management Corp bought a new stake in Toronto-Dominion Bank in the 4th quarter valued at $39,000. Congress Wealth Management LLC DE lifted its holdings in shares of Toronto-Dominion Bank by 55.2% in the fourth quarter. Congress Wealth Management LLC DE now owns 7,212 shares of the bank’s stock valued at $384,000 after purchasing an additional 2,566 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Toronto-Dominion Bank by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 74,118,551 shares of the bank’s stock worth $3,946,072,000 after buying an additional 1,415,934 shares during the period. Guardian Partners Inc. bought a new position in shares of Toronto-Dominion Bank during the fourth quarter worth about $38,332,000. Finally, Hillsdale Investment Management Inc. raised its position in Toronto-Dominion Bank by 608.0% in the 4th quarter. Hillsdale Investment Management Inc. now owns 456,391 shares of the bank’s stock valued at $24,271,000 after buying an additional 391,930 shares during the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto-Dominion Bank Trading Up 0.7 %

Shares of TD opened at $60.95 on Wednesday. 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 Toronto-Dominion Bank has a 52-week low of $51.25 and a 52-week high of $64.91. The firm has a market cap of $106.80 billion, a price-to-earnings ratio of 17.56, a PEG ratio of 1.95 and a beta of 0.83. The business’s fifty day moving average is $58.71 and its 200-day moving average is $57.62.

Toronto-Dominion Bank Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.7278 per share. This represents a $2.91 annualized dividend and a yield of 4.78%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank’s payout ratio is 85.29%.

Wall Street Analyst Weigh In

Several research firms have weighed in on TD. Bank of America raised Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research report on Friday, January 17th. BMO Capital Markets upgraded Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. Desjardins downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Royal Bank of Canada lowered their price objective on Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating on the stock in a research note on Friday, December 6th. Finally, Jefferies Financial Group downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently 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.