Entropy Technologies LP Sells 12,454 Shares of The Toronto-Dominion Bank (NYSE:TD)

Entropy Technologies LP lowered its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 50.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 12,328 shares of the bank’s stock after selling 12,454 shares during the quarter. Entropy Technologies LP’s holdings in Toronto-Dominion Bank were worth $656,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of TD. Kingsview Wealth Management LLC bought a new position in shares of Toronto-Dominion Bank during the fourth quarter valued at approximately $203,000. Apollon Wealth Management LLC grew its position in Toronto-Dominion Bank by 19.1% in the 4th quarter. Apollon Wealth Management LLC now owns 9,086 shares of the bank’s stock valued at $484,000 after acquiring an additional 1,460 shares during the last quarter. Five Oceans Advisors increased its stake in Toronto-Dominion Bank by 7.0% in the fourth quarter. Five Oceans Advisors now owns 8,093 shares of the bank’s stock worth $431,000 after purchasing an additional 528 shares during the period. Chicago Partners Investment Group LLC lifted its position in shares of Toronto-Dominion Bank by 6.5% during the fourth quarter. Chicago Partners Investment Group LLC now owns 5,502 shares of the bank’s stock worth $298,000 after purchasing an additional 334 shares during the last quarter. Finally, Crews Bank & Trust purchased a new stake in shares of Toronto-Dominion Bank during the fourth quarter valued at $110,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Analyst Ratings Changes

TD has been the topic of several recent analyst reports. Scotiabank downgraded shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research note on Friday, December 6th. BMO Capital Markets raised shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 19th. Bank of America upgraded Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. Barclays downgraded Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. Finally, Desjardins downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Toronto-Dominion Bank has a consensus rating of “Hold” and an average target price of $80.50.

Toronto-Dominion Bank Stock Up 1.1 %

Shares of NYSE TD opened at $60.70 on Wednesday. The Toronto-Dominion Bank has a 12-month low of $51.25 and a 12-month high of $64.91. The stock’s fifty day simple moving average is $54.90 and its two-hundred day simple moving average is $57.39. The stock has a market capitalization of $106.24 billion, a PE ratio of 17.49, a price-to-earnings-growth ratio of 1.86 and a beta of 0.84. 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 Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were paid a $0.7482 dividend. This represents a $2.99 annualized dividend and a yield of 4.93%. The ex-dividend date was Friday, January 10th. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. Toronto-Dominion Bank’s payout ratio is 84.15%.

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.