Crossmark Global Holdings Inc. Sells 3,209 Shares of The Toronto-Dominion Bank (NYSE:TD)

Crossmark Global Holdings Inc. reduced its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 217,390 shares of the bank’s stock after selling 3,209 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Toronto-Dominion Bank were worth $11,574,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. CWM LLC increased its position in shares of Toronto-Dominion Bank by 2.4% during the third quarter. CWM LLC now owns 7,208 shares of the bank’s stock valued at $456,000 after buying an additional 170 shares during the period. Pathstone Holdings LLC lifted its stake in shares of Toronto-Dominion Bank by 0.8% in the 3rd quarter. Pathstone Holdings LLC now owns 22,309 shares of the bank’s stock valued at $1,411,000 after purchasing an additional 184 shares during the period. Passumpsic Savings Bank raised its holdings in Toronto-Dominion Bank by 2.6% in the third quarter. Passumpsic Savings Bank now owns 7,530 shares of the bank’s stock worth $476,000 after purchasing an additional 194 shares in the last quarter. Versant Capital Management Inc lifted its position in Toronto-Dominion Bank by 40.0% during the 4th 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. Finally, Hexagon Capital Partners LLC grew its stake in shares of Toronto-Dominion Bank by 18.5% in the 3rd quarter. Hexagon Capital Partners LLC now owns 1,337 shares of the bank’s stock worth $85,000 after buying an additional 209 shares during the last quarter. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Stock Up 3.9 %

TD stock opened at $57.49 on Tuesday. The firm has a market cap of $100.64 billion, a PE ratio of 16.57, a PEG ratio of 1.84 and a beta of 0.83. The Toronto-Dominion Bank has a one year low of $51.25 and a one year high of $64.91. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.03 and a current ratio of 1.03. The firm’s 50 day moving average price is $54.48 and its 200-day moving average price is $57.34.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 10th will be issued a $0.7482 dividend. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. This represents a $2.99 annualized dividend and a yield of 5.21%. The ex-dividend date is Friday, January 10th. Toronto-Dominion Bank’s payout ratio is 84.15%.

Analyst Upgrades and Downgrades

A number of analysts have commented on TD shares. StockNews.com lowered Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Friday, December 27th. Royal Bank of Canada reduced their price target on shares of 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. Desjardins lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Bank of America raised Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a report on Friday. Finally, Jefferies Financial Group upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $80.50.

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.