DekaBank Deutsche Girozentrale Acquires 7,413 Shares of Toronto Dominion Bank (The) (TD)

DekaBank Deutsche Girozentrale boosted its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 1.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 757,075 shares of the bank’s stock after buying an additional 7,413 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Toronto Dominion Bank (The) were worth $38,450,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TD. Parallel Advisors LLC lifted its holdings in Toronto Dominion Bank (The) by 10.0% in the second quarter. Parallel Advisors LLC now owns 2,151 shares of the bank’s stock valued at $111,000 after buying an additional 196 shares during the period. Cornerstone Advisors Inc. lifted its holdings in Toronto Dominion Bank (The) by 5.2% in the second quarter. Cornerstone Advisors Inc. now owns 2,319 shares of the bank’s stock valued at $117,000 after buying an additional 114 shares during the period. Cribstone Capital Management LLC lifted its holdings in Toronto Dominion Bank (The) by 47.3% in the second quarter. Cribstone Capital Management LLC now owns 2,341 shares of the bank’s stock valued at $118,000 after buying an additional 752 shares during the period. Advisory Services Network LLC lifted its holdings in Toronto Dominion Bank (The) by 26.1% in the second quarter. Advisory Services Network LLC now owns 2,353 shares of the bank’s stock valued at $119,000 after buying an additional 487 shares during the period. Finally, Ropes Wealth Advisors LLC lifted its holdings in Toronto Dominion Bank (The) by 18.8% in the second quarter. Ropes Wealth Advisors LLC now owns 2,376 shares of the bank’s stock valued at $120,000 after buying an additional 376 shares during the period. Institutional investors and hedge funds own 47.31% of the company’s stock.

Toronto Dominion Bank (NYSE:TD) traded down $0.16 on Tuesday, reaching $57.17. 666,900 shares of the company’s stock traded hands, compared to its average volume of 1,516,251. Toronto Dominion Bank has a 12-month low of $45.18 and a 12-month high of $57.79. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $105,210.00, a P/E ratio of 14.09, 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 quarterly earnings results on Thursday, August 31st. The bank reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.06. Toronto Dominion Bank (The) had a net margin of 22.85% and a return on equity of 14.71%. The firm had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.05 billion. During the same period in the previous year, the firm posted $1.27 earnings per share. The business’s revenue was up 6.7% compared to the same quarter last year. analysts forecast that Toronto Dominion Bank will post 4.44 earnings per share for the current fiscal year.

The firm 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 of this dividend was Thursday, October 5th. This is an increase from Toronto Dominion Bank (The)’s previous quarterly dividend of $0.44. This represents a $1.90 annualized dividend and a dividend yield of 3.32%. Toronto Dominion Bank (The)’s payout ratio is presently 44.82%.

Toronto Dominion Bank (The) announced that its board has approved a stock repurchase program on Thursday, August 31st that allows the company to buyback 20,000,000 shares. This buyback authorization allows the bank to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

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TD has been the topic of several recent analyst reports. Bank of America Corporation restated a “buy” rating on shares of Toronto Dominion Bank (The) in a report on Friday, September 1st. Canaccord Genuity restated a “buy” rating and issued a $72.00 target price on shares of Toronto Dominion Bank (The) in a report on Thursday, August 31st. Zacks Investment Research upgraded shares of Toronto Dominion Bank (The) from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Wednesday, July 19th. BidaskClub downgraded shares of Toronto Dominion Bank (The) from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Finally, Macquarie began coverage on shares of Toronto Dominion Bank (The) in a research note on Tuesday, October 24th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $66.33.

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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