Crescent Sterling Ltd. Reduces Position in The Toronto-Dominion Bank (NYSE:TD)

Crescent Sterling Ltd. trimmed its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 31.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,584 shares of the bank’s stock after selling 6,600 shares during the quarter. Crescent Sterling Ltd.’s holdings in Toronto-Dominion Bank were worth $776,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dunhill Financial LLC boosted its stake in shares of Toronto-Dominion Bank by 164.9% during the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock valued at $25,000 after purchasing an additional 249 shares in the last quarter. Versant Capital Management Inc lifted its holdings in Toronto-Dominion Bank by 40.0% in the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock worth $37,000 after buying an additional 200 shares during the period. Kimelman & Baird LLC bought a new stake in Toronto-Dominion Bank during the 2nd quarter valued at approximately $49,000. Morse Asset Management Inc purchased a new position in shares of Toronto-Dominion Bank during the 3rd quarter worth approximately $63,000. Finally, Eastern Bank bought a new position in shares of Toronto-Dominion Bank in the 3rd quarter worth approximately $66,000. 52.37% of the stock is currently owned by institutional investors.

Toronto-Dominion Bank Stock Performance

Shares of TD stock opened at $54.23 on Monday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.02 and a current ratio of 1.03. The company has a market capitalization of $94.92 billion, a price-to-earnings ratio of 15.63, a price-to-earnings-growth ratio of 1.69 and a beta of 0.83. The Toronto-Dominion Bank has a one year low of $51.25 and a one year high of $64.91. The company’s 50-day moving average is $54.55 and its 200 day moving average is $57.33.

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 given a dividend of $0.7482 per share. The ex-dividend date is Friday, January 10th. This represents a $2.99 annualized dividend and a dividend yield of 5.52%. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 83.86%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Jefferies Financial Group upgraded Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Scotiabank cut shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday, December 6th. Desjardins downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Barclays cut shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research report on Thursday, November 21st. Finally, StockNews.com cut shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Friday, December 27th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Toronto-Dominion Bank presently has a consensus rating of “Hold” and a consensus target price of $80.50.

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.