Proficio Capital Partners LLC Takes $581,000 Position in The Toronto-Dominion Bank (NYSE:TD)

Proficio Capital Partners LLC purchased a new stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 10,914 shares of the bank’s stock, valued at approximately $581,000.

A number of other institutional investors have also recently made changes to their positions in TD. Natixis Advisors LLC boosted its holdings in shares of Toronto-Dominion Bank by 65.4% during the 3rd quarter. Natixis Advisors LLC now owns 67,104 shares of the bank’s stock valued at $4,245,000 after acquiring an additional 26,522 shares during the last quarter. Pathstone Holdings LLC boosted its holdings in shares of Toronto-Dominion Bank by 0.8% in the third quarter. Pathstone Holdings LLC now owns 22,309 shares of the bank’s stock worth $1,411,000 after buying an additional 184 shares during the last quarter. Caprock Group LLC boosted its holdings in shares of Toronto-Dominion Bank by 6.2% in the third quarter. Caprock Group LLC now owns 5,885 shares of the bank’s stock worth $372,000 after buying an additional 343 shares during the last quarter. Commerce Bank purchased a new position in shares of Toronto-Dominion Bank in the third quarter worth approximately $207,000. Finally, Cerity Partners LLC boosted its holdings in shares of Toronto-Dominion Bank by 57.1% in the third quarter. Cerity Partners LLC now owns 26,755 shares of the bank’s stock worth $1,693,000 after buying an additional 9,725 shares during the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on TD. BMO Capital Markets raised shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. Desjardins downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Royal Bank of Canada dropped their price objective on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating on the stock in a report on Friday, December 6th. Scotiabank cut shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research note on Friday, December 6th. Finally, StockNews.com cut shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Monday, February 24th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $80.50.

Toronto-Dominion Bank Price Performance

NYSE TD opened at $59.50 on Monday. 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 $104.25 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 1.95 and a beta of 0.83. The company’s 50 day moving average is $58.46 and its two-hundred day moving average 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 Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.7278 per share. This represents a $2.91 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank’s payout ratio is 85.29%.

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.