The Toronto-Dominion Bank (NYSE:TD) Shares Sold by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd lessened its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 10.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 109,582 shares of the bank’s stock after selling 13,309 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Toronto-Dominion Bank were worth $5,792,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Sanctuary Advisors LLC acquired a new stake in shares of Toronto-Dominion Bank in the second quarter valued at approximately $1,408,000. Massmutual Trust Co. FSB ADV increased its stake in shares of Toronto-Dominion Bank by 17.5% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,622 shares of the bank’s stock worth $103,000 after acquiring an additional 242 shares during the last quarter. Atomi Financial Group Inc. boosted its position in shares of Toronto-Dominion Bank by 122.3% during the 3rd quarter. Atomi Financial Group Inc. now owns 14,757 shares of the bank’s stock valued at $934,000 after acquiring an additional 8,118 shares during the last quarter. CWM LLC grew its holdings in shares of Toronto-Dominion Bank by 2.4% in the third quarter. CWM LLC now owns 7,208 shares of the bank’s stock valued at $456,000 after purchasing an additional 170 shares during the period. Finally, Hexagon Capital Partners LLC grew its holdings in shares of Toronto-Dominion Bank by 18.5% in the third quarter. Hexagon Capital Partners LLC now owns 1,337 shares of the bank’s stock valued at $85,000 after purchasing an additional 209 shares during the period. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on TD shares. BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. Scotiabank cut Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday, December 6th. Barclays cut Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. Jefferies Financial Group raised Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Finally, Royal Bank of Canada reduced their price objective on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating on the stock in a report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $80.50.

Toronto-Dominion Bank Trading Down 0.4 %

Shares of NYSE TD opened at $57.15 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 stock has a market capitalization of $100.05 billion, a PE ratio of 16.47, a PEG ratio of 1.83 and a beta of 0.83. The Toronto-Dominion Bank has a twelve month low of $51.25 and a twelve month high of $64.91. The stock has a fifty day simple moving average of $54.70 and a 200-day simple moving average of $57.41.

Toronto-Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were given a $0.7482 dividend. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. This represents a $2.99 annualized dividend and a yield of 5.24%. The ex-dividend date of this dividend was Friday, January 10th. Toronto-Dominion Bank’s payout ratio is currently 84.15%.

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.