McIlrath & Eck LLC Has $128,000 Stock Holdings in The Toronto-Dominion Bank (NYSE:TD)

McIlrath & Eck LLC lessened its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 57.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,395 shares of the bank’s stock after selling 3,249 shares during the period. McIlrath & Eck LLC’s holdings in Toronto-Dominion Bank were worth $128,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Toronto-Dominion Bank in the 4th quarter worth approximately $992,204,000. FIL Ltd raised its stake in shares of Toronto-Dominion Bank by 17.3% in the fourth quarter. FIL Ltd now owns 38,989,749 shares of the bank’s stock valued at $2,075,819,000 after buying an additional 5,756,584 shares during the period. Geode Capital Management LLC raised its stake in shares of Toronto-Dominion Bank by 32.2% in the fourth quarter. Geode Capital Management LLC now owns 10,526,821 shares of the bank’s stock valued at $569,878,000 after buying an additional 2,564,648 shares during the period. Vanguard Group Inc. lifted its position in shares of Toronto-Dominion Bank by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 74,118,551 shares of the bank’s stock valued at $3,946,072,000 after buying an additional 1,415,934 shares during the last quarter. Finally, Toronto Dominion Bank grew its stake in shares of Toronto-Dominion Bank by 9.7% during the 4th quarter. Toronto Dominion Bank now owns 10,305,222 shares of the bank’s stock worth $547,992,000 after acquiring an additional 912,401 shares during the period. Institutional investors own 52.37% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on TD. StockNews.com upgraded shares of Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, May 14th. Scotiabank assumed coverage on Toronto-Dominion Bank in a report on Thursday, May 15th. They issued a “sector perform” rating on the stock. Finally, Jefferies Financial Group downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $80.50.

Toronto-Dominion Bank Price Performance

Shares of TD stock opened at $64.70 on Wednesday. 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 business’s fifty day moving average is $60.96 and its 200 day moving average is $57.92. The stock has a market cap of $112.31 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 1.95 and a beta of 0.81. The Toronto-Dominion Bank has a twelve month low of $51.25 and a twelve month high of $65.02.

Toronto-Dominion Bank Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th were paid a dividend of $0.7278 per share. This represents a $2.91 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date of this dividend was Thursday, April 10th. Toronto-Dominion Bank’s payout ratio is 85.59%.

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.