Baldwin Wealth Partners LLC MA Has $2.49 Million Holdings in The Toronto-Dominion Bank (NYSE:TD)

Baldwin Wealth Partners LLC MA trimmed its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 11.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 46,775 shares of the bank’s stock after selling 5,800 shares during the period. Baldwin Wealth Partners LLC MA’s holdings in Toronto-Dominion Bank were worth $2,490,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Cerity Partners LLC boosted its position in shares of Toronto-Dominion Bank by 57.1% during the 3rd quarter. Cerity Partners LLC now owns 26,755 shares of the bank’s stock worth $1,693,000 after acquiring an additional 9,725 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Toronto-Dominion Bank by 1.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,761,308 shares of the bank’s stock valued at $617,166,000 after purchasing an additional 144,427 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Toronto-Dominion Bank by 61.1% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,011,579 shares of the bank’s stock valued at $380,118,000 after purchasing an additional 2,279,864 shares during the last quarter. Galibier Capital Management Ltd. raised its holdings in shares of Toronto-Dominion Bank by 24.6% during the 3rd quarter. Galibier Capital Management Ltd. now owns 608,613 shares of the bank’s stock worth $38,527,000 after buying an additional 119,978 shares in the last quarter. Finally, Forsta AP Fonden lifted its position in shares of Toronto-Dominion Bank by 3.2% during the 3rd quarter. Forsta AP Fonden now owns 466,500 shares of the bank’s stock worth $29,531,000 after buying an additional 14,500 shares during the last quarter. 52.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TD. Royal Bank of Canada lowered their target price on Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating for the company in a research note on Friday, December 6th. Jefferies Financial Group upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Bank of America upgraded shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research report on Friday, January 17th. Desjardins downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Finally, Scotiabank downgraded Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $80.50.

Toronto-Dominion Bank Stock Performance

NYSE TD opened at $57.37 on Monday. The company has a market capitalization of $100.43 billion, a price-to-earnings ratio of 16.54, a PEG ratio of 1.82 and a beta of 0.83. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11. The Toronto-Dominion Bank has a twelve month low of $51.25 and a twelve month high of $64.91. The stock has a fifty day simple moving average of $54.57 and a 200 day simple moving average of $57.40.

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

Toronto-Dominion Bank 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.