Arkadios Wealth Advisors Invests $268,000 in The Toronto-Dominion Bank (NYSE:TD)

Arkadios Wealth Advisors acquired a new stake in The Toronto-Dominion Bank (NYSE:TDFree Report) (TSE:TD) during the 4th quarter, Holdings Channel reports. The fund acquired 5,028 shares of the bank’s stock, valued at approximately $268,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Avanza Fonder AB acquired a new stake in shares of Toronto-Dominion Bank in the fourth quarter valued at about $6,416,000. Dixon Mitchell Investment Counsel Inc. increased its position in shares of Toronto-Dominion Bank by 1.2% during the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 1,469,207 shares of the bank’s stock worth $78,193,000 after purchasing an additional 16,714 shares during the last quarter. Godsey & Gibb Inc. raised its stake in shares of Toronto-Dominion Bank by 1.8% during the 4th quarter. Godsey & Gibb Inc. now owns 334,340 shares of the bank’s stock worth $17,800,000 after purchasing an additional 5,826 shares in the last quarter. Pines Wealth Management LLC acquired a new stake in shares of Toronto-Dominion Bank in the 4th quarter valued at approximately $274,000. Finally, Pacifica Partners Inc. grew its stake in shares of Toronto-Dominion Bank by 1.2% in the fourth quarter. Pacifica Partners Inc. now owns 65,777 shares of the bank’s stock valued at $3,489,000 after buying an additional 780 shares in the last quarter. 52.37% of the stock is owned by institutional investors and hedge funds.

Toronto-Dominion Bank Price Performance

Shares of NYSE TD opened at $57.17 on Friday. The firm has a market cap of $100.08 billion, a P/E ratio of 16.48, a price-to-earnings-growth ratio of 1.83 and a beta of 0.83. The business’s 50 day moving average is $54.53 and its 200-day moving average is $57.36. 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 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 disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 10th will be given a dividend of $0.7482 per share. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. The ex-dividend date is Friday, January 10th. This represents a $2.99 annualized dividend and a yield of 5.23%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 84.15%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 19th. Jefferies Financial Group raised Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Desjardins cut 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, January 17th. Finally, StockNews.com cut shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Friday, December 27th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Toronto-Dominion Bank presently has an average rating of “Hold” and an average price target of $80.50.

Check Out Our Latest Analysis on TD

Toronto-Dominion Bank Company Profile

(Free Report)

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.

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

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