The Toronto-Dominion Bank (NYSE:TD) is Aviso Financial Inc.’s 4th Largest Position

Aviso Financial Inc. decreased its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 26.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,662,445 shares of the bank’s stock after selling 584,572 shares during the period. Toronto-Dominion Bank accounts for about 4.5% of Aviso Financial Inc.’s holdings, making the stock its 4th biggest position. Aviso Financial Inc. owned 0.09% of Toronto-Dominion Bank worth $88,487,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Pathstone Holdings LLC boosted its position in shares of Toronto-Dominion Bank by 0.8% in the third 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 during the period. Passumpsic Savings Bank boosted its position in shares of Toronto-Dominion Bank by 2.6% in the third quarter. Passumpsic Savings Bank now owns 7,530 shares of the bank’s stock valued at $476,000 after acquiring an additional 194 shares during the period. Versant Capital Management Inc boosted its position in shares of Toronto-Dominion Bank by 40.0% in the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock valued at $37,000 after acquiring an additional 200 shares during the period. Cardinal Capital Management boosted its position in shares of Toronto-Dominion Bank by 0.5% in the fourth quarter. Cardinal Capital Management now owns 44,685 shares of the bank’s stock valued at $2,379,000 after acquiring an additional 205 shares during the period. Finally, Dunhill Financial LLC boosted its position in shares of Toronto-Dominion Bank by 164.9% in the third quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock valued at $25,000 after acquiring an additional 249 shares during the period. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TD. 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. Royal Bank of Canada cut their price objective on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating for the company in a research report on Friday, December 6th. Scotiabank lowered shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, December 6th. StockNews.com lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Monday, February 24th. Finally, Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, two 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 Down 1.1 %

Shares of Toronto-Dominion Bank stock opened at $57.71 on Friday. The firm has a market cap of $101.13 billion, a PE ratio of 16.63, a PEG ratio of 1.95 and a beta of 0.83. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03. The Toronto-Dominion Bank has a 1 year low of $51.25 and a 1 year high of $64.91. The company has a 50 day simple moving average of $57.81 and a two-hundred day simple moving average of $57.64.

Toronto-Dominion Bank Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be issued 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 5.04%. Toronto-Dominion Bank’s payout ratio is 85.29%.

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.