CAPROCK Group Inc. reduced its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 20.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 14,053 shares of the bank’s stock after selling 3,691 shares during the quarter. CAPROCK Group Inc.’s holdings in Toronto Dominion Bank were worth $827,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of TD. Advisory Services Network LLC lifted its position in Toronto Dominion Bank by 26.1% in the second quarter. Advisory Services Network LLC now owns 2,353 shares of the bank’s stock worth $119,000 after purchasing an additional 487 shares during the period. Ropes Wealth Advisors LLC lifted its position in Toronto Dominion Bank by 18.8% in the second quarter. Ropes Wealth Advisors LLC now owns 2,376 shares of the bank’s stock worth $120,000 after purchasing an additional 376 shares during the period. Teachers Advisors LLC lifted its position in Toronto Dominion Bank by 3.7% in the second quarter. Teachers Advisors LLC now owns 2,556 shares of the bank’s stock worth $129,000 after purchasing an additional 92 shares during the period. Beacon Investment Advisory Services Inc. bought a new position in Toronto Dominion Bank in the third quarter worth $203,000. Finally, ARGI Investment Services LLC bought a new position in Toronto Dominion Bank in the third quarter worth $205,000. 48.76% of the stock is owned by hedge funds and other institutional investors.

Toronto Dominion Bank (TD) traded up $0.16 during trading on Wednesday, reaching $59.16. The company’s stock had a trading volume of 1,240,631 shares, compared to its average volume of 1,107,720. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.18. Toronto Dominion Bank has a 1 year low of $45.18 and a 1 year high of $60.54. The firm has a market capitalization of $108,950.00, a price-to-earnings ratio of 13.38, a P/E/G ratio of 1.60 and a beta of 0.90.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings data on Thursday, November 30th. The bank reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.02). Toronto Dominion Bank had a return on equity of 15.17% and a net margin of 23.09%. sell-side analysts forecast that Toronto Dominion Bank will post 4.61 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 10th will be paid a dividend of $0.466 per share. The ex-dividend date is Tuesday, January 9th. This represents a $1.86 annualized dividend and a yield of 3.15%. Toronto Dominion Bank’s dividend payout ratio is currently 42.31%.

TD has been the subject of several research reports. Macquarie initiated coverage on Toronto Dominion Bank in a research report on Tuesday, October 24th. They issued an “outperform” rating for the company. Zacks Investment Research cut Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Scotiabank reaffirmed a “buy” rating and issued a $83.00 target price on shares of Toronto Dominion Bank in a research report on Wednesday, November 22nd. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $80.00 target price on shares of Toronto Dominion Bank in a research report on Thursday, November 30th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $72.50.

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Toronto Dominion Bank Profile

Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.

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Institutional Ownership by Quarter for Toronto Dominion Bank (NYSE:TD)

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