Toronto Dominion Bank (The) (TD) Shares Bought by Coastline Trust Co
Coastline Trust Co grew its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 4.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 95,955 shares of the bank’s stock after purchasing an additional 4,445 shares during the period. Toronto Dominion Bank comprises about 0.9% of Coastline Trust Co’s holdings, making the stock its 16th largest holding. Coastline Trust Co’s holdings in Toronto Dominion Bank were worth $5,399,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of TD. Public Sector Pension investment Board lifted its stake in Toronto Dominion Bank 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 purchasing an additional 3,881,100 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Toronto Dominion Bank by 44.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 6,535,700 shares of the bank’s stock worth $329,248,000 after buying an additional 2,022,507 shares during the period. Vanguard Group Inc. increased its holdings in shares of Toronto Dominion Bank by 5.1% in the second quarter. Vanguard Group Inc. now owns 41,532,070 shares of the bank’s stock worth $2,092,385,000 after buying an additional 2,014,823 shares during the period. DSM Capital Partners LLC purchased a new position in shares of Toronto Dominion Bank in the third quarter worth about $103,030,000. Finally, Capital International Investors increased its holdings in shares of Toronto Dominion Bank by 45.9% in the second quarter. Capital International Investors now owns 5,258,400 shares of the bank’s stock worth $264,918,000 after buying an additional 1,654,000 shares during the period. 48.82% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently commented on TD. Bank of America reiterated a “buy” rating on shares of Toronto Dominion Bank in a report on Friday, September 1st. Zacks Investment Research downgraded Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday, December 2nd. National Bank Financial upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Friday, September 1st. Scotiabank upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Monday, August 21st. Finally, Howard Weil upgraded Toronto Dominion Bank to an “outperform” rating in a report on Monday, August 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. Toronto Dominion Bank currently has an average rating of “Buy” and a consensus target price of $72.50.
Toronto Dominion Bank declared that its Board of Directors has initiated a share repurchase plan on Thursday, August 31st that allows the company to buyback 20,000,000 outstanding shares. This buyback authorization allows the bank to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors 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 dividend on an annualized basis and a yield of 3.30%. Toronto Dominion Bank’s dividend payout ratio is presently 43.36%.
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Toronto Dominion Bank 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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