The Toronto-Dominion Bank (NYSE:TD) Shares Sold by SkyOak Wealth LLC

SkyOak Wealth LLC decreased its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 19.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,485 shares of the bank’s stock after selling 2,106 shares during the period. SkyOak Wealth LLC’s holdings in Toronto-Dominion Bank were worth $452,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dunhill Financial LLC lifted its position in Toronto-Dominion Bank by 164.9% in the third quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock worth $25,000 after purchasing an additional 249 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Toronto-Dominion Bank by 40.0% in the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock valued at $37,000 after buying an additional 200 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in shares of Toronto-Dominion Bank in the fourth quarter valued at $58,000. Morse Asset Management Inc bought a new position in Toronto-Dominion Bank during the third quarter valued at about $63,000. Finally, Eastern Bank acquired a new position in Toronto-Dominion Bank during the third quarter worth about $66,000. 52.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TD has been the subject of several research reports. StockNews.com lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Friday, December 27th. Bank of America upgraded shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. BMO Capital Markets raised Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. Barclays cut Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. Finally, Jefferies Financial Group raised Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a report on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $80.50.

Toronto-Dominion Bank Stock Down 0.4 %

Shares of TD stock opened at $57.15 on Friday. The company has a market capitalization of $100.05 billion, a price-to-earnings ratio of 16.47, a PEG ratio of 1.83 and a beta of 0.83. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.03 and a current ratio of 1.03. The stock’s 50 day simple moving average is $54.70 and its 200 day simple moving average is $57.40. The Toronto-Dominion Bank has a twelve month low of $51.25 and a twelve month high of $64.91.

Toronto-Dominion Bank Increases Dividend

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

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.