The Toronto-Dominion Bank (NYSE:TD) Position Trimmed by Modera Wealth Management LLC

Modera Wealth Management LLC decreased its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 8.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 131,638 shares of the bank’s stock after selling 11,975 shares during the quarter. Modera Wealth Management LLC’s holdings in Toronto-Dominion Bank were worth $7,008,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Cerity Partners LLC boosted its holdings in shares of Toronto-Dominion Bank by 57.1% in the third quarter. Cerity Partners LLC now owns 26,755 shares of the bank’s stock worth $1,693,000 after buying an additional 9,725 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Toronto-Dominion Bank by 1.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,761,308 shares of the bank’s stock valued at $617,166,000 after acquiring an additional 144,427 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Toronto-Dominion Bank by 61.1% in 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 during the period. FMR LLC grew its position in Toronto-Dominion Bank by 9.9% during the 3rd quarter. FMR LLC now owns 6,553,761 shares of the bank’s stock worth $414,417,000 after purchasing an additional 587,947 shares in the last quarter. Finally, Mayflower Financial Advisors LLC acquired a new stake in Toronto-Dominion Bank during the 3rd quarter valued at $584,000. Institutional investors own 52.37% of the company’s stock.

Analyst Upgrades and Downgrades

TD has been the subject of several recent analyst reports. StockNews.com cut Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Monday, February 24th. Barclays lowered Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research report on Thursday, November 21st. Desjardins cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. 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. Finally, BMO Capital Markets raised shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 19th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $80.50.

Toronto-Dominion Bank Stock Up 0.2 %

TD opened at $59.89 on Monday. The company has a market capitalization of $104.94 billion, a PE ratio of 17.26, a price-to-earnings-growth ratio of 1.95 and a beta of 0.84. The business has a 50-day moving average of $56.78 and a 200-day moving average of $57.64. The Toronto-Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $64.91. 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 announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be paid a $0.7278 dividend. This represents a $2.91 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date of this dividend is Thursday, April 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 84.71%.

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.