Wealthcare Advisory Partners LLC Sells 576 Shares of The Toronto-Dominion Bank (NYSE:TD)

Wealthcare Advisory Partners LLC trimmed its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 11.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,542 shares of the bank’s stock after selling 576 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Toronto-Dominion Bank were worth $242,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blair William & Co. IL grew its stake in shares of Toronto-Dominion Bank by 7.0% in the second quarter. Blair William & Co. IL now owns 20,596 shares of the bank’s stock worth $1,132,000 after purchasing an additional 1,354 shares during the last quarter. Sei Investments Co. boosted its holdings in Toronto-Dominion Bank by 39.6% in the second quarter. Sei Investments Co. now owns 246,459 shares of the bank’s stock valued at $13,545,000 after acquiring an additional 69,875 shares during the last quarter. Ensign Peak Advisors Inc increased its position in Toronto-Dominion Bank by 4.7% during the 2nd quarter. Ensign Peak Advisors Inc now owns 122,753 shares of the bank’s stock valued at $6,990,000 after purchasing an additional 5,500 shares during the period. Frank Rimerman Advisors LLC bought a new position in Toronto-Dominion Bank during the 2nd quarter worth approximately $290,000. Finally, Marshall Wace LLP lifted its position in shares of Toronto-Dominion Bank by 411.3% in the 2nd quarter. Marshall Wace LLP now owns 1,468,199 shares of the bank’s stock worth $80,692,000 after purchasing an additional 1,181,021 shares during the period. 52.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Scotiabank cut shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, December 6th. Jefferies Financial Group raised Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Bank of America raised Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. BMO Capital Markets raised Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 19th. Finally, Barclays lowered Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Toronto-Dominion Bank currently has a consensus rating of “Hold” and an average target price of $80.50.

Toronto-Dominion Bank Stock Performance

Shares of Toronto-Dominion Bank stock opened at $57.25 on Wednesday. The business has a 50-day simple moving average of $54.49 and a 200 day simple moving average of $57.35. The firm has a market capitalization of $100.22 billion, a price-to-earnings ratio of 16.50, a PEG ratio of 1.84 and a beta of 0.83. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03. The Toronto-Dominion Bank has a one year low of $51.25 and a one year high of $64.91.

Toronto-Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be given a dividend of $0.7482 per share. This represents a $2.99 dividend on an annualized basis and a dividend yield of 5.23%. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. The ex-dividend date is Friday, January 10th. Toronto-Dominion Bank’s dividend payout ratio is presently 84.15%.

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.