Guardian Capital Advisors LP cut its stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 648,908 shares of the bank’s stock after selling 3,852 shares during the quarter. Toronto Dominion Bank (The) comprises about 6.1% of Guardian Capital Advisors LP’s portfolio, making the stock its biggest position. Guardian Capital Advisors LP’s holdings in Toronto Dominion Bank (The) were worth $42,210,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. FMR LLC increased its holdings in shares of Toronto Dominion Bank (The) by 0.9% in the 1st quarter. FMR LLC now owns 58,644,995 shares of the bank’s stock valued at $2,937,432,000 after acquiring an additional 534,356 shares during the period. TD Asset Management Inc. increased its holdings in shares of Toronto Dominion Bank (The) by 2.3% in the 2nd quarter. TD Asset Management Inc. now owns 52,854,789 shares of the bank’s stock valued at $2,659,630,000 after acquiring an additional 1,177,451 shares during the period. Vanguard Group Inc. increased its holdings in shares of Toronto Dominion Bank (The) by 5.1% in the 2nd quarter. Vanguard Group Inc. now owns 41,532,070 shares of the bank’s stock valued at $2,092,385,000 after acquiring an additional 2,014,823 shares during the period. Mawer Investment Management Ltd. increased its holdings in shares of Toronto Dominion Bank (The) by 1.4% in the 2nd quarter. Mawer Investment Management Ltd. now owns 7,090,834 shares of the bank’s stock valued at $356,401,000 after acquiring an additional 98,539 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Toronto Dominion Bank (The) by 2.9% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,510,246 shares of the bank’s stock valued at $276,339,000 after acquiring an additional 156,158 shares during the period. Institutional investors and hedge funds own 47.70% of the company’s stock.

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Shares of Toronto Dominion Bank (TD) traded down 0.34% on Friday, reaching $56.27. The company had a trading volume of 1,068,741 shares. The firm has a market capitalization of $104.02 billion, a PE ratio of 12.95 and a beta of 0.88. Toronto Dominion Bank has a 12 month low of $43.31 and a 12 month high of $56.61. The firm’s 50 day moving average is $52.35 and its 200 day moving average is $49.95.

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, August 31st. The bank reported $1.14 EPS for the quarter, beating the consensus estimate of $1.08 by $0.06. The firm had revenue of $9.29 billion for the quarter, compared to analyst estimates 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 prior year, the company posted $1.27 earnings per share. On average, equities research analysts expect that Toronto Dominion Bank will post $4.50 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 6th will be issued a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 3.38%. 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. Toronto Dominion Bank (The)’s dividend payout ratio is 46.37%.

Toronto Dominion Bank (The) declared that its board has approved a stock repurchase plan on Thursday, August 31st that allows the company to repurchase 20,000,000 outstanding shares. This repurchase authorization allows the bank to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

A number of brokerages have recently issued reports on TD. Bank of America Corporation reiterated a “buy” rating on shares of Toronto Dominion Bank (The) in a report on Friday, September 1st. National Bank Financial upgraded Toronto Dominion Bank (The) from a “sector perform” rating to an “outperform” rating in a report on Friday, September 1st. BidaskClub upgraded Toronto Dominion Bank (The) from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Zacks Investment Research downgraded Toronto Dominion Bank (The) from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $72.00 price target on shares of Toronto Dominion Bank (The) in a report on Thursday, August 31st. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target 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.

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

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