Avior Wealth Management LLC Boosts Holdings in The Toronto-Dominion Bank (NYSE:TD)

Avior Wealth Management LLC boosted its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 30.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 3,007 shares of the bank’s stock after purchasing an additional 697 shares during the quarter. Avior Wealth Management LLC’s holdings in Toronto-Dominion Bank were worth $160,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of TD. Dunhill Financial LLC grew its holdings in shares of Toronto-Dominion Bank by 164.9% during the third quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock valued at $25,000 after buying an additional 249 shares during the last quarter. Versant Capital Management Inc boosted its stake in Toronto-Dominion Bank by 40.0% during the 4th quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock valued at $37,000 after purchasing an additional 200 shares during the last quarter. Kimelman & Baird LLC bought a new stake in shares of Toronto-Dominion Bank in the 2nd quarter worth $49,000. Morse Asset Management Inc bought a new position in shares of Toronto-Dominion Bank during the third quarter valued at $63,000. Finally, Eastern Bank bought a new position in shares of Toronto-Dominion Bank during the third quarter valued at $66,000. 52.37% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TD has been the subject of a number of recent analyst reports. Scotiabank lowered Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, December 6th. Barclays downgraded shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research report on Thursday, November 21st. Royal Bank of Canada decreased their target price on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating for the company in a research note on Friday, December 6th. Bank of America upgraded Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. Finally, Jefferies Financial Group upgraded Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $80.50.

Toronto-Dominion Bank Trading Up 0.3 %

NYSE:TD opened at $57.48 on Tuesday. The firm has a market capitalization of $100.61 billion, a price-to-earnings ratio of 16.56, a price-to-earnings-growth ratio of 1.82 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 business has a fifty day moving average price of $54.57 and a 200-day moving average price of $57.40. 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 business also recently disclosed 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 is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. This represents a $2.99 dividend on an annualized basis and a dividend yield of 5.21%. The ex-dividend date is Friday, January 10th. Toronto-Dominion Bank’s payout ratio is presently 84.15%.

Toronto-Dominion Bank 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.