Fiera Capital Corp decreased its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 3.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,706,732 shares of the bank’s stock after selling 278,139 shares during the quarter. Toronto Dominion Bank (The) accounts for approximately 1.9% of Fiera Capital Corp’s holdings, making the stock its 11th largest position. Fiera Capital Corp owned 0.42% of Toronto Dominion Bank (The) worth $386,493,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of TD. Meeder Asset Management Inc. grew its position in shares of Toronto Dominion Bank (The) by 25.5% in the 1st quarter. Meeder Asset Management Inc. now owns 2,187 shares of the bank’s stock worth $110,000 after acquiring an additional 444 shares in the last quarter. Parallel Advisors LLC grew its position in shares of Toronto Dominion Bank (The) by 10.0% in the 2nd quarter. Parallel Advisors LLC now owns 2,151 shares of the bank’s stock worth $111,000 after acquiring an additional 196 shares in the last quarter. Cornerstone Advisors Inc. grew its position 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 worth $117,000 after acquiring an additional 114 shares in the last quarter. Cribstone Capital Management LLC grew its position in shares of Toronto Dominion Bank (The) by 47.3% in the 2nd quarter. Cribstone Capital Management LLC now owns 2,341 shares of the bank’s stock worth $118,000 after acquiring an additional 752 shares in the last quarter. Finally, Baystate Wealth Management LLC acquired a new position in shares of Toronto Dominion Bank (The) in the 2nd quarter worth approximately $121,000. Institutional investors own 47.71% of the company’s stock.

Several research analysts have recently commented on the company. BidaskClub lowered Toronto Dominion Bank (The) from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Zacks Investment Research upgraded Toronto Dominion Bank (The) from a “sell” rating to a “hold” rating in a research report on Thursday, June 1st. Barclays PLC upgraded Toronto Dominion Bank (The) from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, May 23rd. Howard Weil upgraded Toronto Dominion Bank (The) to an “outperform” rating in a research report on Monday, August 21st. Finally, Canaccord Genuity assumed coverage on Toronto Dominion Bank (The) in a research report on Tuesday, July 18th. They issued a “buy” rating for the company. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $65.20.

Toronto Dominion Bank (TD) traded up 0.04% on Tuesday, reaching $54.83. The company had a trading volume of 378,786 shares. The company has a 50-day moving average of $51.68 and a 200 day moving average of $49.79. The stock has a market cap of $101.07 billion, a price-to-earnings ratio of 13.74 and a beta of 0.88. Toronto Dominion Bank has a one year low of $43.09 and a one year high of $55.03.

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 Zacks’ consensus estimate of $1.08 by $0.06. Toronto Dominion Bank (The) had a return on equity of 14.71% and a net margin of 22.85%. The business had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.05 billion. During the same period in the prior year, the firm posted $1.27 EPS. Toronto Dominion Bank (The)’s quarterly revenue was up 6.7% compared to the same quarter last year. On average, equities research analysts predict that Toronto Dominion Bank will post $4.57 EPS for the current year.

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

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, October 6th will be issued a $0.475 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This is a boost from Toronto Dominion Bank (The)’s previous quarterly dividend of $0.44. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.47%. Toronto Dominion Bank (The)’s dividend payout ratio is presently 46.37%.

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Toronto Dominion Bank (The) 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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