Toronto Dominion Bank (The) (TD) Holdings Reduced by Addenda Capital Inc.

Addenda Capital Inc. trimmed its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,144,173 shares of the bank’s stock after selling 50,545 shares during the quarter. Toronto Dominion Bank comprises approximately 8.7% of Addenda Capital Inc.’s investment portfolio, making the stock its biggest position. Addenda Capital Inc.’s holdings in Toronto Dominion Bank were worth $126,037,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in TD. Advisory Services Network LLC lifted its holdings in shares of Toronto Dominion Bank by 26.1% during the second quarter. Advisory Services Network LLC now owns 2,353 shares of the bank’s stock worth $119,000 after buying an additional 487 shares in the last quarter. Ropes Wealth Advisors LLC lifted its holdings in shares of Toronto Dominion Bank by 18.8% during the second quarter. Ropes Wealth Advisors LLC now owns 2,376 shares of the bank’s stock worth $120,000 after buying an additional 376 shares in the last quarter. Teachers Advisors LLC lifted its holdings in shares of Toronto Dominion Bank by 3.7% during the second quarter. Teachers Advisors LLC now owns 2,556 shares of the bank’s stock worth $129,000 after buying an additional 92 shares in the last quarter. Beacon Investment Advisory Services Inc. acquired a new stake in shares of Toronto Dominion Bank during the third quarter worth $203,000. Finally, ARGI Investment Services LLC acquired a new stake in shares of Toronto Dominion Bank during the third quarter worth $205,000. 48.75% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently weighed in on the company. Canaccord Genuity reissued a “buy” rating and set a $80.00 target price on shares of Toronto Dominion Bank in a report on Thursday, November 30th. Zacks Investment Research raised Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research note on Wednesday. Scotiabank reaffirmed a “buy” rating and issued a $83.00 price target on shares of Toronto Dominion Bank in a research note on Wednesday, November 22nd. Finally, Macquarie assumed coverage on Toronto Dominion Bank in a research note on Tuesday, October 24th. They issued an “outperform” rating for the company. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Toronto Dominion Bank currently has a consensus rating of “Buy” and an average price target of $72.50.

Toronto Dominion Bank (TD) traded down $0.16 during mid-day trading on Friday, reaching $58.82. The company had a trading volume of 829,600 shares, compared to its average volume of 1,098,075. The firm has a market capitalization of $108,350.00, a P/E ratio of 13.40, a PEG ratio of 1.64 and a beta of 0.90. Toronto Dominion Bank has a fifty-two week low of $45.18 and a fifty-two week high of $60.54. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.93 and a current ratio of 0.93.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 10th will be paid a $0.466 dividend. This represents a $1.86 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend is Tuesday, January 9th. Toronto Dominion Bank’s dividend payout ratio (DPR) is presently 42.60%.

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Toronto Dominion Bank Profile

Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.

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Institutional Ownership by Quarter for Toronto Dominion Bank (NYSE:TD)

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