Seaward Management Limited Partnership cut its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 3.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,634 shares of the bank’s stock after selling 1,200 shares during the quarter. Seaward Management Limited Partnership’s holdings in Toronto Dominion Bank (The) were worth $1,780,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Intact Investment Management Inc. increased its stake in 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 acquiring an additional 66,130 shares during the last quarter. Public Sector Pension investment Board increased its stake in Toronto Dominion Bank (The) by 1,745.0% during the second quarter. Public Sector Pension investment Board now owns 3,658,692 shares of the bank’s stock worth $184,104,000 after acquiring an additional 3,881,100 shares during the last quarter. Cardinal Capital Management increased its stake in Toronto Dominion Bank (The) by 10.9% during the third quarter. Cardinal Capital Management now owns 36,623 shares of the bank’s stock worth $2,060,000 after acquiring an additional 3,594 shares during the last quarter. Voya Investment Management LLC increased its stake in Toronto Dominion Bank (The) by 26.7% during the second quarter. Voya Investment Management LLC now owns 96,513 shares of the bank’s stock worth $4,856,000 after acquiring an additional 20,346 shares during the last quarter. Finally, FineMark National Bank & Trust increased its stake in Toronto Dominion Bank (The) by 23.7% during the third quarter. FineMark National Bank & Trust now owns 13,224 shares of the bank’s stock worth $744,000 after acquiring an additional 2,535 shares during the last quarter. Hedge funds and other institutional investors own 47.31% of the company’s stock.

Several brokerages have commented on TD. Zacks Investment Research upgraded Toronto Dominion Bank (The) from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research note on Wednesday, August 9th. BidaskClub lowered Toronto Dominion Bank (The) from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Scotiabank upgraded Toronto Dominion Bank (The) from a “sector perform” rating to an “outperform” rating in a research note on Monday, August 21st. Howard Weil upgraded Toronto Dominion Bank (The) to an “outperform” rating in a research note on Monday, August 21st. Finally, Canaccord Genuity restated a “buy” rating and set a $72.00 price target on shares of Toronto Dominion Bank (The) in a research note on Thursday, August 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. Toronto Dominion Bank (The) presently has a consensus rating of “Buy” and a consensus target price of $66.33.

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Toronto Dominion Bank (NYSE TD) traded up $0.29 during mid-day trading on Friday, hitting $57.39. The stock had a trading volume of 562,200 shares, compared to its average volume of 1,504,561. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.14. Toronto Dominion Bank has a fifty-two week low of $45.18 and a fifty-two week high of $57.79. The firm has a market capitalization of $106,660.00, a price-to-earnings ratio of 14.03, a P/E/G ratio of 1.47 and a beta of 0.91.

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, August 31st. The bank reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $9.05 billion. During the same quarter last year, the firm earned $1.27 earnings per share. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. research analysts expect that Toronto Dominion Bank will post 4.44 EPS for the current fiscal year.

Toronto Dominion Bank (The) announced that its board has initiated a share repurchase plan on Thursday, August 31st that authorizes the company to repurchase 20,000,000 shares. This repurchase authorization authorizes the bank to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, October 6th were paid a $0.475 dividend. The ex-dividend date was Thursday, October 5th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.31%. 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 (DPR) is 44.93%.

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.

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

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