Sanctuary Advisors LLC Sells 3,501 Shares of The Toronto-Dominion Bank (NYSE:TD)

Sanctuary Advisors LLC lowered its stake in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 17.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 16,062 shares of the bank’s stock after selling 3,501 shares during the quarter. Sanctuary Advisors LLC’s holdings in Toronto-Dominion Bank were worth $921,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CIBC Asset Management Inc boosted its holdings in shares of Toronto-Dominion Bank by 5.4% during the third quarter. CIBC Asset Management Inc now owns 16,515,643 shares of the bank’s stock worth $1,046,825,000 after purchasing an additional 853,313 shares during the period. The Manufacturers Life Insurance Company raised its position in Toronto-Dominion Bank by 24.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 13,509,261 shares of the bank’s stock valued at $854,815,000 after purchasing an additional 2,689,532 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Toronto-Dominion Bank by 2.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 12,186,545 shares of the bank’s stock valued at $770,921,000 after purchasing an additional 301,649 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in 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 worth $617,166,000 after buying an additional 144,427 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Toronto-Dominion Bank by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 7,962,173 shares of the bank’s stock worth $506,846,000 after buying an additional 479,624 shares during the last quarter. Institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Performance

Shares of TD stock opened at $59.79 on Friday. The Toronto-Dominion Bank has a 12 month low of $51.25 and a 12 month high of $64.91. The stock has a market cap of $104.76 billion, a PE ratio of 17.23, a price-to-earnings-growth ratio of 1.95 and a beta of 0.84. The company’s fifty day moving average price is $56.62 and its 200-day moving average price is $57.62. 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 announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were paid a dividend of $0.7482 per share. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend was Friday, January 10th. This represents a $2.99 dividend on an annualized basis and a dividend yield of 5.01%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 83.86%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TD. Barclays downgraded Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. Scotiabank lowered shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday, December 6th. Royal Bank of Canada cut their target price on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating on the stock in a research note on Friday, December 6th. Jefferies Financial Group cut shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Finally, Bank of America upgraded shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target 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.