Sky Investment Group LLC Has $458,000 Holdings in The Toronto-Dominion Bank (NYSE:TD)

Sky Investment Group LLC decreased its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 27.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,596 shares of the bank’s stock after selling 3,200 shares during the period. Sky Investment Group LLC’s holdings in Toronto-Dominion Bank were worth $458,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Mackenzie Financial Corp boosted its position in shares of Toronto-Dominion Bank by 0.8% during the 2nd quarter. Mackenzie Financial Corp now owns 25,997,122 shares of the bank’s stock valued at $1,429,186,000 after purchasing an additional 218,807 shares in the last quarter. CIBC Asset Management Inc lifted its stake in Toronto-Dominion Bank by 5.4% in the third quarter. CIBC Asset Management Inc now owns 16,515,643 shares of the bank’s stock valued at $1,046,825,000 after buying an additional 853,313 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Toronto-Dominion Bank by 9.6% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 13,814,269 shares of the bank’s stock worth $759,449,000 after buying an additional 1,206,574 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Toronto-Dominion Bank by 24.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 13,509,261 shares of the bank’s stock worth $854,815,000 after buying an additional 2,689,532 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Toronto-Dominion Bank by 2.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 12,186,545 shares of the bank’s stock valued at $770,921,000 after acquiring an additional 301,649 shares in the last quarter. Institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Up 3.9 %

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

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 issued a dividend of $0.7482 per share. This represents a $2.99 dividend on an annualized basis and a yield of 5.21%. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend is Friday, January 10th. Toronto-Dominion Bank’s payout ratio is currently 84.15%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on TD shares. BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. StockNews.com downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Friday, December 27th. Desjardins downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Scotiabank cut Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research note on Friday, December 6th. Finally, Royal Bank of Canada lowered their target price on 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 investment analysts have rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average 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.