GSB Wealth Management LLC Lowers Stock Position in The Toronto-Dominion Bank (NYSE:TD)

GSB Wealth Management LLC lessened its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 28.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,974 shares of the bank’s stock after selling 2,767 shares during the period. GSB Wealth Management LLC’s holdings in Toronto-Dominion Bank were worth $371,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Linden Thomas Advisory Services LLC lifted its position in shares of Toronto-Dominion Bank by 24.3% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 6,914 shares of the bank’s stock worth $368,000 after purchasing an additional 1,351 shares during the period. Bennett Selby Investments LP raised its stake in shares of Toronto-Dominion Bank by 27.3% during the 4th quarter. Bennett Selby Investments LP now owns 5,309 shares of the bank’s stock worth $283,000 after acquiring an additional 1,140 shares in the last quarter. MFA Wealth Services bought a new position in shares of Toronto-Dominion Bank during the 4th quarter worth approximately $213,000. Avior Wealth Management LLC raised its stake in shares of Toronto-Dominion Bank by 30.2% during the 4th quarter. Avior Wealth Management LLC now owns 3,007 shares of the bank’s stock worth $160,000 after acquiring an additional 697 shares in the last quarter. Finally, Mutual Advisors LLC raised its stake in shares of Toronto-Dominion Bank by 467.0% during the 4th quarter. Mutual Advisors LLC now owns 24,779 shares of the bank’s stock worth $1,371,000 after acquiring an additional 20,409 shares in the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on TD shares. Jefferies Financial Group upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Bank of America upgraded shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. Scotiabank lowered shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research note on Friday, December 6th. Desjardins lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Finally, Royal Bank of Canada cut their price target 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. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $80.50.

Toronto-Dominion Bank Trading Up 0.2 %

Shares of Toronto-Dominion Bank stock opened at $57.27 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11. The Toronto-Dominion Bank has a 12-month low of $51.25 and a 12-month high of $64.91. The firm has a market capitalization of $100.25 billion, a price-to-earnings ratio of 16.50, a PEG ratio of 1.82 and a beta of 0.83. The firm’s 50 day simple moving average is $54.57 and its two-hundred day simple moving average is $57.37.

Toronto-Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be paid a $0.7482 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $2.99 dividend on an annualized basis and a dividend yield of 5.23%. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. Toronto-Dominion Bank’s dividend payout ratio is presently 84.15%.

Toronto-Dominion Bank Company 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.