Wright Investors Service Inc. Has $330,000 Position in The Toronto-Dominion Bank (NYSE:TD)

Wright Investors Service Inc. cut its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 67.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,195 shares of the bank’s stock after selling 13,015 shares during the period. Wright Investors Service Inc.’s holdings in Toronto-Dominion Bank were worth $330,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. American Century Companies Inc. raised its stake in Toronto-Dominion Bank by 105.1% in the second quarter. American Century Companies Inc. now owns 534,266 shares of the bank’s stock valued at $29,368,000 after buying an additional 273,761 shares during the period. Rathbones Group PLC increased its holdings in shares of Toronto-Dominion Bank by 74.5% during the 2nd quarter. Rathbones Group PLC now owns 32,255 shares of the bank’s stock worth $1,773,000 after acquiring an additional 13,771 shares during the last quarter. Brown Brothers Harriman & Co. raised its stake in Toronto-Dominion Bank by 8.8% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 2,610 shares of the bank’s stock valued at $143,000 after acquiring an additional 210 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Toronto-Dominion Bank by 3.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 11,884,896 shares of the bank’s stock valued at $653,194,000 after purchasing an additional 358,283 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Toronto-Dominion Bank by 61.7% during the second quarter. Dimensional Fund Advisors LP now owns 5,806,974 shares of the bank’s stock worth $319,151,000 after purchasing an additional 2,215,185 shares during the period. 52.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TD has been the topic of several research analyst reports. StockNews.com lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Friday, December 27th. Desjardins cut shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Scotiabank downgraded Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, December 6th. Barclays cut Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. Finally, Jefferies Financial Group raised Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a report on Thursday, December 12th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $80.50.

Toronto-Dominion Bank Stock Up 0.4 %

NYSE TD opened at $54.38 on Tuesday. The company has a market cap of $95.18 billion, a price-to-earnings ratio of 15.67, a PEG ratio of 1.69 and a beta of 0.83. The Toronto-Dominion Bank has a 1-year low of $51.25 and a 1-year high of $64.91. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.11. The company has a 50 day moving average of $54.54 and a 200-day moving average of $57.32.

Toronto-Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be issued a dividend of $0.7482 per share. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. This represents a $2.99 annualized dividend and a dividend yield of 5.50%. The ex-dividend date is Friday, January 10th. Toronto-Dominion Bank’s dividend payout ratio is 83.86%.

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.