Vanguard Group Inc. grew its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 5.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,532,070 shares of the bank’s stock after buying an additional 2,014,823 shares during the quarter. Vanguard Group Inc. owned 2.25% of Toronto Dominion Bank (The) worth $2,092,385,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Covenant Asset Management LLC grew its stake in shares of Toronto Dominion Bank (The) by 7.9% during the second quarter. Covenant Asset Management LLC now owns 16,627 shares of the bank’s stock valued at $838,000 after buying an additional 1,215 shares during the last quarter. Intact Investment Management Inc. grew its stake in shares of Toronto Dominion Bank (The) by 3.3% during the second quarter. Intact Investment Management Inc. now owns 2,086,105 shares of the bank’s stock valued at $136,264,000 after buying an additional 66,130 shares during the last quarter. Baystate Wealth Management LLC bought a new position in shares of Toronto Dominion Bank (The) during the second quarter valued at about $121,000. Intercontinental Wealth Advisors LLC bought a new position in shares of Toronto Dominion Bank (The) during the second quarter valued at about $2,903,000. Finally, Independent Advisor Alliance grew its stake in shares of Toronto Dominion Bank (The) by 34.5% during the first quarter. Independent Advisor Alliance now owns 12,170 shares of the bank’s stock valued at $606,000 after buying an additional 3,124 shares during the last quarter. 47.70% of the stock is currently owned by hedge funds and other institutional investors.

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A number of research analysts have recently issued reports on the company. Bank of America Corporation reaffirmed a “buy” rating on shares of Toronto Dominion Bank (The) in a research note on Friday, September 1st. National Bank Financial raised Toronto Dominion Bank (The) from a “sector perform” rating to an “outperform” rating in a research note on Friday, September 1st. BidaskClub raised Toronto Dominion Bank (The) from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Zacks Investment Research cut Toronto Dominion Bank (The) from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, Canaccord Genuity reissued 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. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Toronto Dominion Bank (The) has an average rating of “Buy” and a consensus price target of $64.75.

Toronto Dominion Bank (NYSE:TD) traded up 0.63% during mid-day trading on Friday, hitting $56.30. The company had a trading volume of 225,509 shares. Toronto Dominion Bank has a 1-year low of $43.31 and a 1-year high of $56.35. The stock has a 50 day moving average price of $52.35 and a 200-day moving average price of $49.95. The stock has a market capitalization of $104.08 billion, a PE ratio of 13.34 and a beta of 0.88.

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last issued its quarterly earnings results on Thursday, August 31st. The bank reported $1.14 EPS for the quarter, beating the consensus estimate of $1.08 by $0.06. The company had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.05 billion. Toronto Dominion Bank (The) had a net margin of 22.85% and a return on equity of 14.71%. The firm’s revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.27 EPS. On average, analysts forecast that Toronto Dominion Bank will post $4.50 earnings per share for the current year.

The company 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 3.40%. This is an increase from Toronto Dominion Bank (The)’s previous quarterly dividend of $0.44. The ex-dividend date is Thursday, October 5th. Toronto Dominion Bank (The)’s dividend payout ratio is presently 46.37%.

Toronto Dominion Bank (The) declared that its Board of Directors has approved a stock repurchase plan on Thursday, August 31st that permits the company to buyback 20,000,000 outstanding shares. This buyback authorization permits the bank to purchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Toronto Dominion Bank (The) 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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