Sunbelt Securities Inc. bought a new position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,624 shares of the bank’s stock, valued at approximately $373,000. Sunbelt Securities Inc. owned about 358.33% of Toronto Dominion Bank (The) as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the business. TD Asset Management Inc. raised its stake in Toronto Dominion Bank (The) by 2.3% during 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 purchasing an additional 1,177,451 shares during the period. Vanguard Group Inc. raised its stake in Toronto Dominion Bank (The) by 5.1% during the 2nd quarter. Vanguard Group Inc. now owns 41,532,070 shares of the bank’s stock valued at $2,092,385,000 after purchasing an additional 2,014,823 shares during the period. Mawer Investment Management Ltd. increased its stake in 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 worth $356,401,000 after acquiring an additional 98,539 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Toronto Dominion Bank (The) by 44.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 6,535,700 shares of the bank’s stock worth $329,248,000 after acquiring an additional 2,022,507 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in 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 worth $276,339,000 after acquiring an additional 156,158 shares during the last quarter. 47.65% of the stock is currently owned by institutional investors and hedge funds.

Toronto Dominion Bank (NYSE:TD) traded down $0.08 during mid-day trading on Thursday, reaching $57.52. The company’s stock had a trading volume of 111,048 shares, compared to its average volume of 1,098,946. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market capitalization of $106,266.37, a PE ratio of 14.12, a price-to-earnings-growth ratio of 1.48 and a beta of 0.89. Toronto Dominion Bank has a one year low of $44.62 and a one year high of $57.79.

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last released its earnings results on Thursday, August 31st. The bank reported $1.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.06. The firm had revenue of $9.29 billion during 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 was up 6.7% compared to the same quarter last year. During the same period last year, the business posted $1.27 earnings per share. analysts predict that Toronto Dominion Bank will post 4.44 EPS for the current fiscal year.

Toronto Dominion Bank (The) announced that its board has approved a share buyback program on Thursday, August 31st that permits the company to buyback 20,000,000 outstanding shares. This buyback authorization permits the bank to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, October 6th were given a dividend of $0.475 per share. The ex-dividend date was Thursday, October 5th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.30%. This is a boost from Toronto Dominion Bank (The)’s previous quarterly dividend of $0.44. Toronto Dominion Bank (The)’s payout ratio is 46.62%.

A number of research firms have issued reports on TD. Zacks Investment Research downgraded Toronto Dominion Bank (The) from a “hold” rating to a “sell” rating in a research note on Thursday. Macquarie began coverage on Toronto Dominion Bank (The) in a report on Tuesday, October 24th. They issued an “outperform” rating for the company. 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 raised Toronto Dominion Bank (The) from a “sector perform” rating to an “outperform” rating in a research report on Friday, September 1st. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $72.00 target price on shares of Toronto Dominion Bank (The) in a research report on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $66.33.

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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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