Godsey & Gibb Inc. Has $17.80 Million Stake in The Toronto-Dominion Bank (NYSE:TD)

Godsey & Gibb Inc. lifted its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 1.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 334,340 shares of the bank’s stock after acquiring an additional 5,826 shares during the period. Godsey & Gibb Inc.’s holdings in Toronto-Dominion Bank were worth $17,800,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Pines Wealth Management LLC bought a new stake in Toronto-Dominion Bank in the fourth quarter valued at $274,000. Pacifica Partners Inc. grew its stake in shares of Toronto-Dominion Bank by 1.2% in the 4th quarter. Pacifica Partners Inc. now owns 65,777 shares of the bank’s stock valued at $3,489,000 after buying an additional 780 shares during the period. Keystone Financial Planning Inc. increased its position 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 buying an additional 4,534 shares in the last quarter. JCIC Asset Management Inc. increased its position 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 in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Toronto-Dominion Bank by 44.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,977 shares of the bank’s stock worth $531,000 after buying an additional 3,082 shares during the period. 52.37% of the stock is owned by institutional investors.

Toronto-Dominion Bank Price Performance

TD opened at $55.41 on Thursday. The Toronto-Dominion Bank has a 1 year low of $51.25 and a 1 year high of $64.91. 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 company has a market capitalization of $96.98 billion, a price-to-earnings ratio of 15.97, a P/E/G ratio of 1.72 and a beta of 0.83. The firm’s fifty day moving average price is $54.52 and its two-hundred day moving average price is $57.32.

Toronto-Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 10th will be issued a dividend of $0.7482 per share. The ex-dividend date of this dividend is Friday, January 10th. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. This represents a $2.99 annualized dividend and a yield of 5.40%. Toronto-Dominion Bank’s payout ratio is 87.03%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Scotiabank cut Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research note 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. BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. 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 research note on Friday, December 6th. Finally, Jefferies Financial Group raised shares of 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 assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company 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.