Lindbrook Capital LLC Trims Holdings in The Toronto-Dominion Bank (NYSE:TD)

Lindbrook Capital LLC decreased its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 7.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,716 shares of the bank’s stock after selling 208 shares during the quarter. Lindbrook Capital LLC’s holdings in Toronto-Dominion Bank were worth $145,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Dunhill Financial LLC lifted its position in 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 buying an additional 249 shares in the last quarter. Bank of Jackson Hole Trust purchased a new position in Toronto-Dominion Bank during the fourth quarter worth approximately $32,000. Versant Capital Management Inc increased its stake in Toronto-Dominion Bank by 40.0% during the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock worth $37,000 after acquiring an additional 200 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Toronto-Dominion Bank during the fourth quarter worth $51,000. Finally, Morse Asset Management Inc acquired a new stake in Toronto-Dominion Bank during the third quarter worth $63,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on TD. Royal Bank of Canada cut 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. Barclays cut Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. Desjardins cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Jefferies Financial Group cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Finally, Scotiabank cut Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research note on Friday, December 6th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. 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 Trading Up 0.6 %

Shares of NYSE TD opened at $59.58 on Friday. The Toronto-Dominion Bank has a twelve month low of $51.25 and a twelve month high of $64.91. 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 stock has a fifty day simple moving average of $57.41 and a 200-day simple moving average of $57.67. The stock has a market capitalization of $104.40 billion, a PE ratio of 17.17, a PEG ratio of 1.95 and a beta of 0.83.

Toronto-Dominion Bank Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be paid a $0.7278 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.91 dividend on an annualized basis and a dividend yield of 4.89%. Toronto-Dominion Bank’s payout ratio is presently 85.29%.

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.