Omnia Family Wealth LLC raised its stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 0.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,615 shares of the bank’s stock after purchasing an additional 24 shares during the period. Omnia Family Wealth LLC’s holdings in Toronto Dominion Bank (The) were worth $283,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Lowe Brockenbrough & Co. Inc. raised its stake in shares of Toronto Dominion Bank (The) by 0.3% in the 1st quarter. Lowe Brockenbrough & Co. Inc. now owns 8,910 shares of the bank’s stock valued at $446,000 after buying an additional 30 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in shares of Toronto Dominion Bank (The) by 0.8% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 6,181 shares of the bank’s stock valued at $319,000 after buying an additional 47 shares in the last quarter. Johanson Financial Advisors Inc. raised its stake in shares of Toronto Dominion Bank (The) by 0.8% in the 2nd quarter. Johanson Financial Advisors Inc. now owns 7,841 shares of the bank’s stock valued at $394,000 after buying an additional 66 shares in the last quarter. Cornerstone Advisors Inc. raised its stake in shares of Toronto Dominion Bank (The) by 5.2% in the 2nd quarter. Cornerstone Advisors Inc. now owns 2,319 shares of the bank’s stock valued at $117,000 after buying an additional 114 shares in the last quarter. Finally, Advisor Partners LLC raised its stake in shares of Toronto Dominion Bank (The) by 2.6% in the 2nd quarter. Advisor Partners LLC now owns 5,140 shares of the bank’s stock valued at $259,000 after buying an additional 130 shares in the last quarter. 47.85% of the stock is owned by hedge funds and other institutional investors.

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A number of equities analysts have recently issued reports on TD shares. Royal Bank Of Canada increased their price objective on shares of Toronto Dominion Bank (The) from $68.00 to $70.00 and gave the company a “sector perform” rating in a research note on Friday, May 26th. Canaccord Genuity began coverage on shares of Toronto Dominion Bank (The) in a research report on Tuesday, July 18th. They set a “buy” rating for the company. BidaskClub upgraded shares of Toronto Dominion Bank (The) from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Barclays PLC upgraded shares of Toronto Dominion Bank (The) from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, May 23rd. Finally, Zacks Investment Research cut shares of Toronto Dominion Bank (The) from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Toronto Dominion Bank (The) has an average rating of “Buy” and an average price target of $65.20.

Shares of Toronto Dominion Bank (NYSE TD) traded down 0.35% during midday trading on Friday, hitting $54.47. 1,407,959 shares of the company were exchanged. Toronto Dominion Bank has a one year low of $43.09 and a one year high of $54.90. The company has a market capitalization of $100.41 billion, a P/E ratio of 13.65 and a beta of 0.88. The company has a 50-day moving average of $51.69 and a 200 day moving average of $49.87.

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last posted its quarterly earnings results on Thursday, August 31st. The bank reported $1.14 EPS for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.06. The business had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.05 billion. Toronto Dominion Bank (The) had a return on equity of 14.71% and a net margin of 22.85%. Toronto Dominion Bank (The)’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.27 earnings per share. On average, equities research analysts expect that Toronto Dominion Bank will post $4.57 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 6th will be paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date of this dividend is Thursday, October 5th. This is an increase from Toronto Dominion Bank (The)’s previous quarterly dividend of $0.44. Toronto Dominion Bank (The)’s payout ratio is 46.37%.

Toronto Dominion Bank (The) declared that its Board of Directors has approved a stock buyback program on Thursday, August 31st that allows the company to buyback 20,000,000 shares. This buyback authorization allows the bank to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

About Toronto Dominion Bank (The)

Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.

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

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