Neuberger Berman Group LLC grew its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 3.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,326 shares of the bank’s stock after acquiring an additional 1,449 shares during the quarter. Neuberger Berman Group LLC’s holdings in Toronto Dominion Bank (The) were worth $1,981,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Meeder Asset Management Inc. raised its stake in shares of Toronto Dominion Bank (The) by 25.5% during the first quarter. Meeder Asset Management Inc. now owns 2,187 shares of the bank’s stock worth $110,000 after acquiring an additional 444 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Toronto Dominion Bank (The) by 10.0% during the second quarter. Parallel Advisors LLC now owns 2,151 shares of the bank’s stock worth $111,000 after acquiring an additional 196 shares in the last quarter. Cornerstone Advisors Inc. raised its stake in shares of Toronto Dominion Bank (The) by 5.2% during the second quarter. Cornerstone Advisors Inc. now owns 2,319 shares of the bank’s stock worth $117,000 after acquiring an additional 114 shares in the last quarter. Cribstone Capital Management LLC raised its stake in shares of Toronto Dominion Bank (The) by 47.3% during the second quarter. Cribstone Capital Management LLC now owns 2,341 shares of the bank’s stock worth $118,000 after acquiring an additional 752 shares in the last quarter. Finally, Baystate Wealth Management LLC purchased a new position in shares of Toronto Dominion Bank (The) during the second quarter worth approximately $121,000. 47.71% of the stock is currently owned by hedge funds and other institutional investors.

Toronto Dominion Bank (TD) opened at 55.36 on Friday. The stock has a market capitalization of $102.05 billion, a P/E ratio of 13.87 and a beta of 0.88. The company has a 50 day moving average of $52.15 and a 200 day moving average of $49.93. Toronto Dominion Bank has a 52 week low of $43.21 and a 52 week high of $55.40.

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, August 31st. The bank reported $1.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.06. Toronto Dominion Bank (The) had a return on equity of 14.71% and a net margin of 22.85%. The company had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.05 billion. During the same quarter in the prior year, the firm posted $1.27 EPS. Toronto Dominion Bank (The)’s quarterly revenue was up 6.7% compared to the same quarter last year. Equities analysts expect that Toronto Dominion Bank will post $4.57 EPS for the current fiscal year.

Toronto Dominion Bank (The) announced that its board has authorized a stock buyback plan on Thursday, August 31st that authorizes the company to buyback 20,000,000 outstanding shares. This buyback authorization authorizes the bank to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 6th will be issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend is Thursday, October 5th. This is a positive change from Toronto Dominion Bank (The)’s previous quarterly dividend of $0.44. Toronto Dominion Bank (The)’s dividend payout ratio is presently 46.37%.

Several research analysts have commented on TD shares. Barclays PLC raised shares of Toronto Dominion Bank (The) from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, May 23rd. BidaskClub raised shares of Toronto Dominion Bank (The) from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Canaccord Genuity reaffirmed a “buy” rating and issued a $72.00 target price on shares of Toronto Dominion Bank (The) in a research note on Thursday, August 31st. Zacks Investment Research raised 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 research note on Wednesday, August 9th. Finally, Howard Weil raised shares of Toronto Dominion Bank (The) to an “outperform” rating in a research note on Monday, August 21st. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $64.75.

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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.

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

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