Sanctuary Advisors LLC Decreases Holdings in The Toronto-Dominion Bank (NYSE:TD)

Sanctuary Advisors LLC cut its stake in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 17.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,563 shares of the bank’s stock after selling 4,143 shares during the quarter. Sanctuary Advisors LLC’s holdings in Toronto-Dominion Bank were worth $1,238,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Dunhill Financial LLC grew its holdings in Toronto-Dominion Bank by 164.9% during the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock valued at $25,000 after purchasing an additional 249 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Toronto-Dominion Bank by 50.7% during the second quarter. Blue Trust Inc. now owns 630 shares of the bank’s stock valued at $38,000 after acquiring an additional 212 shares in the last quarter. Kimelman & Baird LLC purchased a new stake in shares of Toronto-Dominion Bank during the second quarter worth about $49,000. Morse Asset Management Inc acquired a new position in shares of Toronto-Dominion Bank in the third quarter worth about $63,000. Finally, Eastern Bank purchased a new position in Toronto-Dominion Bank in the third quarter valued at about $66,000. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Performance

Shares of NYSE TD opened at $52.25 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.11. The firm’s 50-day moving average price is $55.37 and its two-hundred day moving average price is $57.44. The Toronto-Dominion Bank has a 52-week low of $51.25 and a 52-week high of $65.12. The stock has a market capitalization of $91.45 billion, a P/E ratio of 15.06, a P/E/G ratio of 1.69 and a beta of 0.82.

Toronto-Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 10th will be issued a $0.7482 dividend. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend is Friday, January 10th. This represents a $2.99 annualized dividend and a dividend yield of 5.73%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 89.34%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Jefferies Financial Group raised Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Scotiabank downgraded shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research note on Friday, December 6th. Desjardins downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. BMO Capital Markets raised shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Thursday. Finally, StockNews.com lowered Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Toronto-Dominion Bank currently has an average 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.