Forsta AP Fonden Has $22.18 Million Stake in The Toronto-Dominion Bank (NYSE:TD)

Forsta AP Fonden cut its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 10.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 416,900 shares of the bank’s stock after selling 49,600 shares during the quarter. Forsta AP Fonden’s holdings in Toronto-Dominion Bank were worth $22,184,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dunhill Financial LLC raised its position in shares of Toronto-Dominion Bank by 164.9% during the third quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock worth $25,000 after acquiring an additional 249 shares during the last quarter. Versant Capital Management Inc raised its holdings in Toronto-Dominion Bank by 40.0% during the 4th quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock worth $37,000 after purchasing an additional 200 shares during the last quarter. Kimelman & Baird LLC bought a new position in Toronto-Dominion Bank during the 2nd quarter worth approximately $49,000. Union Bancaire Privee UBP SA acquired a new position in shares of Toronto-Dominion Bank in the 4th quarter worth approximately $58,000. Finally, Morse Asset Management Inc acquired a new stake in shares of Toronto-Dominion Bank during the third quarter worth $63,000. 52.37% of the stock is owned by institutional investors and hedge funds.

Toronto-Dominion Bank Trading Down 0.3 %

Shares of Toronto-Dominion Bank stock opened at $57.35 on Wednesday. The stock has a market capitalization of $100.38 billion, a PE ratio of 16.53, a price-to-earnings-growth ratio of 1.82 and a beta of 0.83. The Toronto-Dominion Bank has a 52 week low of $51.25 and a 52 week high of $64.91. The stock has a 50 day moving average price of $54.62 and a two-hundred day moving average price of $57.41. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.03 and a current ratio of 1.03.

Toronto-Dominion Bank Increases Dividend

The firm 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 $0.7482 dividend. The ex-dividend date is Friday, January 10th. This represents a $2.99 annualized dividend and a yield of 5.22%. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 84.15%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Barclays lowered shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. Desjardins lowered Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. BMO Capital Markets raised Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 19th. Scotiabank lowered Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating 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 investment analysts have rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Toronto-Dominion Bank currently has a consensus rating of “Hold” and a consensus price target of $80.50.

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.