Baldwin Wealth Partners LLC MA Sells 5,800 Shares of The Toronto-Dominion Bank (NYSE:TD)

Baldwin Wealth Partners LLC MA lowered its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 11.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,775 shares of the bank’s stock after selling 5,800 shares during the period. Baldwin Wealth Partners LLC MA’s holdings in Toronto-Dominion Bank were worth $2,490,000 as of its most recent filing with the Securities and Exchange Commission.

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

Toronto-Dominion Bank Price Performance

Shares of NYSE TD opened at $57.37 on Monday. The business’s 50 day moving average is $54.57 and its 200-day moving average is $57.40. The firm has a market cap of $100.43 billion, a P/E ratio of 16.54, a price-to-earnings-growth ratio of 1.82 and a beta of 0.83. The Toronto-Dominion Bank has a 1-year low of $51.25 and a 1-year high of $64.91. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11.

Toronto-Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 10th will be paid a $0.7482 dividend. The ex-dividend date is Friday, January 10th. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. This represents a $2.99 annualized dividend and a dividend yield of 5.22%. Toronto-Dominion Bank’s dividend payout ratio is 84.15%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TD shares. StockNews.com downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Friday, December 27th. Barclays downgraded shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. Royal Bank of Canada lowered their price target on Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating on the stock in a research report on Friday, December 6th. Desjardins cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Finally, BMO Capital Markets raised Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Toronto-Dominion Bank currently has an average rating of “Hold” and a consensus target price of $80.50.

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.