Bank of Nova Scotia Trust Co. reduced its stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 1.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,119,954 shares of the bank’s stock after selling 13,355 shares during the period. Toronto Dominion Bank makes up approximately 6.7% of Bank of Nova Scotia Trust Co.’s investment portfolio, making the stock its 2nd biggest position. Bank of Nova Scotia Trust Co. owned about 0.06% of Toronto Dominion Bank worth $63,020,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Parallel Advisors LLC raised its position in Toronto Dominion Bank by 10.0% during the second quarter. Parallel Advisors LLC now owns 2,151 shares of the bank’s stock valued at $111,000 after purchasing an additional 196 shares in the last quarter. Advisory Services Network LLC raised its position in Toronto Dominion Bank by 26.1% during the second quarter. Advisory Services Network LLC now owns 2,353 shares of the bank’s stock valued at $119,000 after purchasing an additional 487 shares in the last quarter. Ropes Wealth Advisors LLC raised its position in Toronto Dominion Bank by 18.8% during the second quarter. Ropes Wealth Advisors LLC now owns 2,376 shares of the bank’s stock valued at $120,000 after purchasing an additional 376 shares in the last quarter. Teachers Advisors LLC raised its position in Toronto Dominion Bank by 3.7% during the second quarter. Teachers Advisors LLC now owns 2,556 shares of the bank’s stock valued at $129,000 after purchasing an additional 92 shares in the last quarter. Finally, Proficio Capital Partners LLC raised its position in Toronto Dominion Bank by 31.8% during the second quarter. Proficio Capital Partners LLC now owns 2,752 shares of the bank’s stock valued at $141,000 after purchasing an additional 664 shares in the last quarter. Institutional investors and hedge funds own 48.66% of the company’s stock.

Several brokerages have commented on TD. Bank of America restated a “buy” rating on shares of Toronto Dominion Bank in a research report on Friday, September 1st. Zacks Investment Research downgraded shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Saturday, December 2nd. National Bank Financial upgraded shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Friday, September 1st. Scotiabank upgraded shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Monday, August 21st. Finally, Howard Weil upgraded shares of Toronto Dominion Bank to an “outperform” rating in a research report on Monday, August 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $72.50.

Shares of Toronto Dominion Bank (TD) traded up $0.11 during trading hours on Friday, hitting $56.63. 752,340 shares of the stock traded hands, compared to its average volume of 945,050. The firm has a market capitalization of $104,339.08, a P/E ratio of 13.39, a PEG ratio of 1.54 and a beta of 0.88. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.18. Toronto Dominion Bank has a 52 week low of $45.18 and a 52 week high of $58.76.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 10th will be issued a dividend of $0.466 per share. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.86 annualized dividend and a dividend yield of 3.29%. Toronto Dominion Bank’s dividend payout ratio (DPR) is presently 44.18%.

Toronto Dominion Bank declared that its Board of Directors has initiated a stock repurchase program on Thursday, August 31st that authorizes the company to buyback 20,000,000 shares. This buyback authorization authorizes the bank to purchase 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.

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Toronto Dominion Bank 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 (NYSE:TD)

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