Alpha Paradigm Partners LLC Sells 4,672 Shares of The Toronto-Dominion Bank (NYSE:TD)

Posted by Defense World Staff on Mar 15th, 2023

Alpha Paradigm Partners LLC trimmed its position in shares of The Toronto-Dominion Bank (NYSE:TD – Get Rating) (TSE:TD) by 46.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,302 shares of the bank’s stock after selling 4,672 shares during the period. Alpha Paradigm Partners LLC’s holdings in Toronto-Dominion Bank were worth $325,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of TD. Financial Management Professionals Inc. boosted its holdings in Toronto-Dominion Bank by 75.1% during the third quarter. Financial Management Professionals Inc. now owns 408 shares of the bank’s stock valued at $25,000 after acquiring an additional 175 shares during the period. Fairfield Bush & CO. bought a new stake in Toronto-Dominion Bank during the first quarter valued at about $26,000. Massmutual Trust Co. FSB ADV boosted its holdings in Toronto-Dominion Bank by 130.6% during the third quarter. Massmutual Trust Co. FSB ADV now owns 747 shares of the bank’s stock valued at $46,000 after acquiring an additional 423 shares during the period. Capital Analysts LLC boosted its holdings in Toronto-Dominion Bank by 30.5% during the second quarter. Capital Analysts LLC now owns 783 shares of the bank’s stock valued at $51,000 after acquiring an additional 183 shares during the period. Finally, Hexagon Capital Partners LLC boosted its holdings in Toronto-Dominion Bank by 149.3% during the third quarter. Hexagon Capital Partners LLC now owns 875 shares of the bank’s stock valued at $54,000 after acquiring an additional 524 shares during the period. 49.22% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. StockNews.com cut shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Monday, March 6th. Credit Suisse Group increased their target price on shares of Toronto-Dominion Bank from C$96.00 to C$98.00 in a research note on Friday, December 2nd. Canaccord Genuity Group upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating and increased their target price for the company from C$95.00 to C$103.00 in a research note on Monday, December 5th. Desjardins increased their target price on shares of Toronto-Dominion Bank from C$105.00 to C$106.00 in a research note on Tuesday, February 7th. Finally, Canaccord Genuity Group upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research note on Friday, December 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $100.57.

Toronto-Dominion Bank Stock Up 0.5 %

Shares of TD opened at $59.25 on Wednesday. The stock has a market cap of $108.43 billion, a price-to-earnings ratio of 9.36, a P/E/G ratio of 1.14 and a beta of 0.90. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.11. The Toronto-Dominion Bank has a 12 month low of $57.27 and a 12 month high of $82.64. The company has a 50-day moving average price of $66.52 and a two-hundred day moving average price of $65.32.

Toronto-Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, April 30th. Shareholders of record on Thursday, April 6th will be paid a dividend of $0.721 per share. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Wednesday, April 5th. This represents a $2.88 dividend on an annualized basis and a yield of 4.87%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 44.71%.

Toronto-Dominion Bank Profile

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The Toronto-Dominion Bank engages in the provision of financial products and services. It operates through the following segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The Canadian Retail segment offers various financial products and services, as well as telephone, Internet, and mobile banking services.