Bluestein R H & Co. Has $1.13 Million Position in Toronto Dominion Bank (The) (TD)

Bluestein R H & Co. increased its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 33.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,000 shares of the bank’s stock after purchasing an additional 5,000 shares during the period. Bluestein R H & Co.’s holdings in Toronto Dominion Bank were worth $1,125,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Private Advisor Group LLC boosted its stake in Toronto Dominion Bank by 11.1% in the third quarter. Private Advisor Group LLC now owns 25,282 shares of the bank’s stock valued at $1,415,000 after acquiring an additional 2,522 shares in the last quarter. Stifel Financial Corp boosted its stake in Toronto Dominion Bank by 49.1% in the third quarter. Stifel Financial Corp now owns 68,567 shares of the bank’s stock valued at $3,871,000 after acquiring an additional 22,586 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its stake in Toronto Dominion Bank by 215.4% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 462,128 shares of the bank’s stock valued at $26,004,000 after acquiring an additional 315,600 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Toronto Dominion Bank by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 860,592 shares of the bank’s stock valued at $48,426,000 after acquiring an additional 3,215 shares in the last quarter. Finally, Brown Advisory Inc. boosted its stake in Toronto Dominion Bank by 18.5% in the third quarter. Brown Advisory Inc. now owns 7,166 shares of the bank’s stock valued at $403,000 after acquiring an additional 1,119 shares in the last quarter. Hedge funds and other institutional investors own 48.66% of the company’s stock.

Several equities research analysts have recently weighed in on TD shares. Bank of America reiterated a “buy” rating on shares of Toronto Dominion Bank in a research note on Friday, September 1st. Canaccord Genuity reiterated a “buy” rating and set a $72.00 target price on shares of Toronto Dominion Bank in a research note on Thursday, August 31st. Zacks Investment Research upgraded shares of Toronto Dominion Bank from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Wednesday, August 9th. Scotiabank reiterated a “buy” rating and set a $83.00 target price on shares of Toronto Dominion Bank in a research note on Wednesday, November 22nd. Finally, BidaskClub upgraded shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $72.50.

Toronto Dominion Bank (TD) traded up $0.02 during midday trading on Tuesday, reaching $57.81. 868,900 shares of the company traded hands, compared to its average volume of 1,485,133. The stock has a market capitalization of $106,476.34, a PE ratio of 13.66, a P/E/G ratio of 1.27 and a beta of 0.88. Toronto Dominion Bank has a 52-week low of $45.18 and a 52-week high of $58.76. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.18.

The company 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 annualized dividend and a yield of 3.22%. Toronto Dominion Bank’s dividend payout ratio is currently 44.18%.

Toronto Dominion Bank declared that its board has initiated a stock repurchase program on Thursday, August 31st that permits the company to buyback 20,000,000 shares. This buyback authorization permits the bank to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its stock is 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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