Clearbridge Investments LLC Sells 71,186 Shares of The Toronto-Dominion Bank (NYSE:TD)

Clearbridge Investments LLC decreased its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,254,825 shares of the bank’s stock after selling 71,186 shares during the quarter. Clearbridge Investments LLC owned approximately 0.19% of Toronto-Dominion Bank worth $173,287,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of TD. Frank Rimerman Advisors LLC grew its holdings in Toronto-Dominion Bank by 3.2% during the fourth quarter. Frank Rimerman Advisors LLC now owns 5,446 shares of the bank’s stock valued at $290,000 after purchasing an additional 171 shares during the period. Passumpsic Savings Bank lifted its position in shares of Toronto-Dominion Bank by 2.6% during the 3rd quarter. Passumpsic Savings Bank now owns 7,530 shares of the bank’s stock valued at $476,000 after buying an additional 194 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Toronto-Dominion Bank by 40.0% during the 4th quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock valued at $37,000 after acquiring an additional 200 shares during the period. Cardinal Capital Management increased its holdings in Toronto-Dominion Bank by 0.5% in the 4th quarter. Cardinal Capital Management now owns 44,685 shares of the bank’s stock worth $2,379,000 after acquiring an additional 205 shares in the last quarter. Finally, Dunhill Financial LLC raised its stake in Toronto-Dominion Bank by 164.9% during the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock worth $25,000 after acquiring an additional 249 shares during the period. 52.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TD has been the subject of a number of recent analyst reports. Scotiabank lowered shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” 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 research note on Thursday, December 19th. 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 report on Friday, December 6th. StockNews.com lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Monday, February 24th. Finally, Jefferies Financial Group downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Toronto-Dominion Bank presently has a consensus rating of “Hold” and a consensus price target of $80.50.

Toronto-Dominion Bank Stock Performance

NYSE:TD opened at $60.31 on Monday. The company has a market cap of $105.68 billion, a price-to-earnings ratio of 17.38, a PEG ratio of 1.95 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 stock’s 50 day simple moving average is $58.99 and its two-hundred day simple moving average is $57.61. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03.

Toronto-Dominion Bank Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be paid a dividend of $0.7278 per share. This represents a $2.91 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank’s payout ratio is 85.29%.

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.