Toronto Dominion Bank (The) (TD) Shares Bought by Private Advisor Group LLC

Private Advisor Group LLC lifted its stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 11.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,282 shares of the bank’s stock after acquiring an additional 2,522 shares during the period. Private Advisor Group LLC’s holdings in Toronto Dominion Bank were worth $1,415,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in TD. Public Sector Pension investment Board grew its stake in shares of Toronto Dominion Bank by 1,745.0% in 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. Canada Pension Plan Investment Board grew its stake in shares of Toronto Dominion Bank by 3,364.0% in the second quarter. Canada Pension Plan Investment Board now owns 2,899,388 shares of the bank’s stock worth $145,896,000 after acquiring an additional 2,815,688 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake 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 acquiring an additional 2,022,507 shares during the last quarter. Vanguard Group Inc. grew its stake 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 acquiring an additional 2,014,823 shares during the last quarter. Finally, DSM Capital Partners LLC acquired a new stake in shares of Toronto Dominion Bank in the third quarter worth $103,030,000. Institutional investors and hedge funds own 48.66% of the company’s stock.

Toronto Dominion Bank (TD) traded down $0.08 on Friday, reaching $56.52. 920,200 shares of the company’s stock were exchanged, compared to its average volume of 1,481,896. Toronto Dominion Bank has a 1 year low of $45.18 and a 1 year high of $58.76. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market capitalization of $104,283.80, a P/E ratio of 13.38, a P/E/G ratio of 1.54 and a beta of 0.88.

Toronto Dominion Bank announced that its board has authorized a share buyback program 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 programs are usually a sign 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. Shareholders of record on Wednesday, January 10th will be paid a dividend of $0.466 per share. The ex-dividend date 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 currently 44.18%.

Several equities research analysts have recently issued reports on TD shares. BidaskClub downgraded shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Howard Weil upgraded shares of Toronto Dominion Bank to an “outperform” rating in a research note on Monday, August 21st. Scotiabank upgraded shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Monday, August 21st. Canaccord Genuity reiterated a “buy” rating and set a $72.00 price target on shares of Toronto Dominion Bank in a research note on Thursday, August 31st. Finally, National Bank Financial upgraded shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $72.50.

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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.

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

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