Fiduciary Trust Co Has $4.66 Million Stake in The Toronto-Dominion Bank (NYSE:TD)

Fiduciary Trust Co cut its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 9.7% during the fourth quarter, Holdings Channel reports. The fund owned 87,448 shares of the bank’s stock after selling 9,394 shares during the quarter. Fiduciary Trust Co’s holdings in Toronto-Dominion Bank were worth $4,656,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Toronto-Dominion Bank by 44.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,977 shares of the bank’s stock valued at $531,000 after purchasing an additional 3,082 shares during the last quarter. JCIC Asset Management Inc. grew its stake in Toronto-Dominion Bank by 97.3% in the 4th quarter. JCIC Asset Management Inc. now owns 8,590 shares of the bank’s stock valued at $457,000 after buying an additional 4,237 shares during the last quarter. Keystone Financial Planning Inc. raised its holdings in Toronto-Dominion Bank by 4.0% in the 4th quarter. Keystone Financial Planning Inc. now owns 117,713 shares of the bank’s stock valued at $6,267,000 after acquiring an additional 4,534 shares during the period. Pacifica Partners Inc. lifted its position in Toronto-Dominion Bank by 1.2% during the fourth quarter. Pacifica Partners Inc. now owns 65,777 shares of the bank’s stock worth $3,489,000 after acquiring an additional 780 shares during the last quarter. Finally, Pines Wealth Management LLC bought a new stake in shares of Toronto-Dominion Bank during the fourth quarter worth approximately $274,000. Institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Performance

TD opened at $63.19 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.03 and a current ratio of 1.03. The Toronto-Dominion Bank has a 52-week low of $51.25 and a 52-week high of $64.91. The firm has a market cap of $109.69 billion, a P/E ratio of 18.21, a price-to-earnings-growth ratio of 1.95 and a beta of 0.81. The business’s fifty day moving average is $60.17 and its 200-day moving average is $57.51.

Toronto-Dominion Bank Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th were issued a $0.7278 dividend. This represents a $2.91 annualized dividend and a yield of 4.61%. The ex-dividend date was Thursday, April 10th. Toronto-Dominion Bank’s dividend payout ratio is currently 85.59%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on TD shares. Bank of America upgraded Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. StockNews.com downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Monday, February 24th. Finally, 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. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $80.50.

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.