UMB Bank n.a. Sells 1,890 Shares of The Toronto-Dominion Bank (NYSE:TD)

UMB Bank n.a. lessened its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 10.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,701 shares of the bank’s stock after selling 1,890 shares during the quarter. UMB Bank n.a.’s holdings in Toronto-Dominion Bank were worth $889,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of TD. Dunhill Financial LLC lifted its holdings in shares of Toronto-Dominion Bank by 164.9% during 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. Versant Capital Management Inc lifted its holdings 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 purchasing an additional 200 shares during the last quarter. Kimelman & Baird LLC acquired a new position in Toronto-Dominion Bank in the second quarter valued at about $49,000. Morse Asset Management Inc bought a new stake in Toronto-Dominion Bank during the third quarter worth about $63,000. Finally, Eastern Bank acquired a new stake in shares of Toronto-Dominion Bank during the third quarter worth approximately $66,000. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Down 0.5 %

Shares of NYSE TD opened at $57.25 on Wednesday. The Toronto-Dominion Bank has a 1 year low of $51.25 and a 1 year high of $64.91. The firm’s 50-day moving average is $54.49 and its 200-day moving average is $57.35. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $100.22 billion, a PE ratio of 16.50, a price-to-earnings-growth ratio of 1.84 and a beta of 0.83.

Toronto-Dominion Bank Increases Dividend

The firm 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 dividend of $0.7482 per share. This represents a $2.99 dividend on an annualized basis and a yield of 5.23%. The ex-dividend date is Friday, January 10th. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. Toronto-Dominion Bank’s payout ratio is currently 84.15%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TD. Scotiabank downgraded Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday, December 6th. Jefferies Financial Group upgraded Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a report on Thursday, December 12th. BMO Capital Markets raised Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. StockNews.com cut shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Friday, December 27th. Finally, Royal Bank of Canada reduced their target price on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating on the stock in a research report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.