Private Advisor Group LLC trimmed its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 16.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,760 shares of the bank’s stock after selling 4,499 shares during the quarter. Private Advisor Group LLC’s holdings in Toronto Dominion Bank (The) were worth $1,153,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Covenant Asset Management LLC boosted its position in shares of Toronto Dominion Bank (The) by 7.9% during the second quarter. Covenant Asset Management LLC now owns 16,627 shares of the bank’s stock worth $838,000 after purchasing an additional 1,215 shares in the last quarter. TD Asset Management Inc. boosted its position in shares of Toronto Dominion Bank (The) by 1.1% during the first quarter. TD Asset Management Inc. now owns 51,677,338 shares of the bank’s stock worth $2,581,058,000 after purchasing an additional 567,500 shares in the last quarter. Haverford Trust Co. boosted its position in shares of Toronto Dominion Bank (The) by 5.6% during the first quarter. Haverford Trust Co. now owns 9,107 shares of the bank’s stock worth $456,000 after purchasing an additional 480 shares in the last quarter. Baystate Wealth Management LLC bought a new position in shares of Toronto Dominion Bank (The) during the second quarter worth $121,000. Finally, Intact Investment Management Inc. boosted its position in shares of Toronto Dominion Bank (The) by 3.3% during the second quarter. Intact Investment Management Inc. now owns 2,086,105 shares of the bank’s stock worth $136,264,000 after purchasing an additional 66,130 shares in the last quarter. 47.71% of the stock is currently owned by institutional investors.

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Several research firms recently commented on TD. Zacks Investment Research raised shares of Toronto Dominion Bank (The) from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a research report on Wednesday, August 9th. BidaskClub cut shares of Toronto Dominion Bank (The) from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Canaccord Genuity reaffirmed a “buy” rating and issued a $72.00 price objective on shares of Toronto Dominion Bank (The) in a research report on Thursday, August 31st. Bank of America Corporation reaffirmed a “buy” rating on shares of Toronto Dominion Bank (The) in a research report on Friday, September 1st. Finally, Scotiabank raised shares of Toronto Dominion Bank (The) from a “sector perform” rating to an “outperform” rating in a research report on Monday, August 21st. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $65.20.

Shares of Toronto Dominion Bank (NYSE TD) opened at 54.47 on Monday. The company has a 50-day moving average of $51.69 and a 200 day moving average of $49.87. Toronto Dominion Bank has a 52-week low of $43.09 and a 52-week high of $54.90. The company has a market capitalization of $100.41 billion, a PE ratio of 13.65 and a beta of 0.88.

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, August 31st. The bank reported $1.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.06. The business had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.05 billion. Toronto Dominion Bank (The) had a net margin of 22.85% and a return on equity of 14.71%. Toronto Dominion Bank (The)’s revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.27 earnings per share. Analysts predict that Toronto Dominion Bank will post $4.57 earnings per share for the current year.

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

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

Toronto Dominion Bank (The) Company Profile

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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