LSV Asset Management grew its holdings in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 13.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 85,900 shares of the bank’s stock after purchasing an additional 10,400 shares during the period. LSV Asset Management’s holdings in Toronto Dominion Bank (The) were worth $4,327,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Meeder Asset Management Inc. lifted its stake 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 valued at $110,000 after purchasing an additional 444 shares during the last quarter. Parallel Advisors LLC lifted its stake 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 valued at $111,000 after purchasing an additional 196 shares during the last quarter. Cornerstone Advisors Inc. lifted 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 purchasing an additional 114 shares during the last quarter. Cribstone Capital Management LLC raised its holdings 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 valued at $118,000 after buying an additional 752 shares during the period. Finally, Baystate Wealth Management LLC purchased a new stake in shares of Toronto Dominion Bank (The) in the 2nd quarter valued at $121,000. 47.70% of the stock is currently owned by institutional investors and hedge funds.

Shares of Toronto Dominion Bank (NYSE TD) opened at 55.36 on Monday. The company has a 50 day moving average price of $52.15 and a 200 day moving average price of $49.93. Toronto Dominion Bank has a 12-month low of $43.09 and a 12-month high of $55.40. The stock has a market cap of $102.05 billion, a P/E ratio of 13.87 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 for the quarter, beating 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 firm had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $9.05 billion. During the same quarter last year, the firm earned $1.27 earnings per share. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. Analysts anticipate that Toronto Dominion Bank will post $4.55 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th will be paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.43%. 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. Toronto Dominion Bank (The)’s payout ratio is currently 46.37%.

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

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Several equities research analysts recently issued reports on TD shares. Royal Bank Of Canada boosted their price objective on Toronto Dominion Bank (The) from $68.00 to $70.00 and gave the company a “sector perform” rating in a report on Friday, May 26th. Canaccord Genuity started coverage on Toronto Dominion Bank (The) in a report on Tuesday, July 18th. They issued a “buy” rating on the stock. BidaskClub upgraded Toronto Dominion Bank (The) from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Barclays PLC upgraded Toronto Dominion Bank (The) from an “underweight” rating to an “equal weight” rating in a report on Tuesday, May 23rd. Finally, National Bank Financial upgraded Toronto Dominion Bank (The) from a “sector perform” rating to an “outperform” rating in a report on Friday, September 1st. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $64.75.

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.

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

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