LVM Capital Management Ltd. MI Cuts Holdings in The Toronto-Dominion Bank (NYSE:TD)

LVM Capital Management Ltd. MI reduced its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 29.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,181 shares of the bank’s stock after selling 11,610 shares during the quarter. LVM Capital Management Ltd. MI’s holdings in Toronto-Dominion Bank were worth $1,447,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Dunhill Financial LLC increased its holdings in Toronto-Dominion Bank by 164.9% in the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock worth $25,000 after acquiring an additional 249 shares in the last quarter. Versant Capital Management Inc grew 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 purchasing an additional 200 shares during the period. Kimelman & Baird LLC purchased a new stake in shares of Toronto-Dominion Bank during the second quarter worth about $49,000. Morse Asset Management Inc acquired a new position in shares of Toronto-Dominion Bank during the 3rd quarter worth about $63,000. Finally, Eastern Bank purchased a new position in Toronto-Dominion Bank in the 3rd quarter valued at about $66,000. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto-Dominion Bank Trading Up 0.4 %

Shares of TD traded up $0.24 during midday trading on Friday, reaching $53.69. The company had a trading volume of 1,415,128 shares, compared to its average volume of 3,647,394. The firm has a 50 day simple moving average of $54.57 and a 200-day simple moving average of $57.30. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.11. The stock has a market cap of $93.97 billion, a PE ratio of 15.47, a price-to-earnings-growth ratio of 1.69 and a beta of 0.83. The Toronto-Dominion Bank has a 1-year low of $51.25 and a 1-year high of $64.91.

Toronto-Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 10th will be issued a $0.7482 dividend. This represents a $2.99 annualized dividend and a yield of 5.57%. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. The ex-dividend date is Friday, January 10th. Toronto-Dominion Bank’s payout ratio is presently 83.86%.

Analyst Ratings Changes

Several research firms have commented on TD. BMO Capital Markets upgraded Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 19th. Desjardins cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. StockNews.com lowered Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Friday, December 27th. Scotiabank lowered shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday, December 6th. Finally, 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. Two analysts have rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $80.50.

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.