Crescent Sterling Ltd. Sells 6,600 Shares of The Toronto-Dominion Bank (NYSE:TD)

Crescent Sterling Ltd. decreased its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 31.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 14,584 shares of the bank’s stock after selling 6,600 shares during the quarter. Crescent Sterling Ltd.’s holdings in Toronto-Dominion Bank were worth $776,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TD. Cerity Partners LLC lifted its stake in shares of Toronto-Dominion Bank by 57.1% during the 3rd quarter. Cerity Partners LLC now owns 26,755 shares of the bank’s stock valued at $1,693,000 after buying an additional 9,725 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Toronto-Dominion Bank by 1.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,761,308 shares of the bank’s stock worth $617,166,000 after acquiring an additional 144,427 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Toronto-Dominion Bank by 61.1% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,011,579 shares of the bank’s stock worth $380,118,000 after purchasing an additional 2,279,864 shares in the last quarter. Galibier Capital Management Ltd. grew its holdings in Toronto-Dominion Bank by 24.6% during the 3rd quarter. Galibier Capital Management Ltd. now owns 608,613 shares of the bank’s stock valued at $38,527,000 after buying an additional 119,978 shares in the last quarter. Finally, Forsta AP Fonden lifted its holdings in shares of Toronto-Dominion Bank by 3.2% in the third quarter. Forsta AP Fonden now owns 466,500 shares of the bank’s stock worth $29,531,000 after buying an additional 14,500 shares in the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on TD shares. Desjardins lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Friday, December 6th. BMO Capital Markets upgraded Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 19th. StockNews.com cut Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Friday, December 27th. Royal Bank of Canada decreased their target price 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, Scotiabank downgraded Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, five have given 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 presently has an average rating of “Hold” and an average target price of $80.50.

Toronto-Dominion Bank Trading Up 0.1 %

NYSE TD opened at $54.23 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.11. The stock’s 50-day simple moving average is $54.55 and its two-hundred day simple moving average is $57.33. The Toronto-Dominion Bank has a twelve month low of $51.25 and a twelve month high of $64.91. The company has a market capitalization of $94.92 billion, a price-to-earnings ratio of 15.63, a PEG ratio of 1.69 and a beta of 0.83.

Toronto-Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 10th will be given a $0.7482 dividend. This represents a $2.99 dividend on an annualized basis and a yield of 5.52%. The ex-dividend date is Friday, January 10th. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 83.86%.

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.