Wellington Management Group LLP Reduces Position in The Toronto-Dominion Bank (NYSE:TD)

Wellington Management Group LLP lessened its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 27.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 281,427 shares of the bank’s stock after selling 105,999 shares during the period. Wellington Management Group LLP’s holdings in Toronto-Dominion Bank were worth $17,815,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. CWM LLC grew its stake in Toronto-Dominion Bank by 2.4% during the 3rd quarter. CWM LLC now owns 7,208 shares of the bank’s stock valued at $456,000 after acquiring an additional 170 shares in the last quarter. Pathstone Holdings LLC grew its stake in Toronto-Dominion Bank by 0.8% during the 3rd quarter. Pathstone Holdings LLC now owns 22,309 shares of the bank’s stock valued at $1,411,000 after acquiring an additional 184 shares in the last quarter. Balanced Rock Investment Advisors LLC grew its stake in Toronto-Dominion Bank by 1.4% during the 2nd quarter. Balanced Rock Investment Advisors LLC now owns 14,959 shares of the bank’s stock valued at $822,000 after acquiring an additional 203 shares in the last quarter. Hexagon Capital Partners LLC grew its stake in Toronto-Dominion Bank by 18.5% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,337 shares of the bank’s stock valued at $85,000 after acquiring an additional 209 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its stake in Toronto-Dominion Bank by 8.8% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 2,610 shares of the bank’s stock valued at $143,000 after acquiring an additional 210 shares in the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Performance

Shares of TD stock opened at $53.29 on Friday. The firm’s 50 day moving average price is $56.29 and its 200-day moving average price is $57.53. 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 Toronto-Dominion Bank has a one year low of $51.74 and a one year high of $65.12. The firm has a market cap of $93.27 billion, a P/E ratio of 15.36, a P/E/G ratio of 1.70 and a beta of 0.82.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be issued a $0.7482 dividend. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. This represents a $2.99 annualized dividend and a dividend yield of 5.62%. The ex-dividend date of this dividend is Friday, January 10th. Toronto-Dominion Bank’s dividend payout ratio is currently 89.34%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Scotiabank lowered shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday, December 6th. Desjardins lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Barclays lowered shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. Jefferies Financial Group upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a report on Thursday. Finally, StockNews.com upgraded shares of Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock 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.