Toronto Dominion Bank (The) (NYSE:TD) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 3.8% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 17,914 shares of the bank’s stock after purchasing an additional 660 shares during the period. Geode Capital Management LLC’s holdings in Toronto Dominion Bank (The) were worth $897,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TD. Vanguard Group Inc. boosted its stake in shares of Toronto Dominion Bank (The) by 4.7% in the first quarter. Vanguard Group Inc. now owns 39,517,247 shares of the bank’s stock worth $1,979,418,000 after acquiring an additional 1,771,723 shares during the period. OMERS ADMINISTRATION Corp boosted its stake in shares of Toronto Dominion Bank (The) by 75.2% in the first quarter. OMERS ADMINISTRATION Corp now owns 3,150,300 shares of the bank’s stock worth $157,344,000 after acquiring an additional 1,352,300 shares during the period. Karp Capital Management Corp bought a new position in Toronto Dominion Bank (The) during the first quarter valued at approximately $34,065,000. M&T Bank Corp boosted its stake in Toronto Dominion Bank (The) by 1,450.2% during the first quarter. M&T Bank Corp now owns 639,629 shares of the bank’s stock valued at $32,031,000 after buying an additional 598,368 shares during the last quarter. Finally, TD Asset Management Inc. boosted its stake in Toronto Dominion Bank (The) by 1.1% during the first quarter. TD Asset Management Inc. now owns 51,677,338 shares of the bank’s stock valued at $2,581,058,000 after buying an additional 567,500 shares during the last quarter. 47.71% of the stock is owned by hedge funds and other institutional investors.

Shares of Toronto Dominion Bank (TD) traded down 0.05% during mid-day trading on Friday, reaching $55.20. The company’s stock had a trading volume of 1,068,011 shares. The stock has a market cap of $101.76 billion, a P/E ratio of 13.83 and a beta of 0.88. The stock has a 50 day moving average of $52.03 and a 200-day moving average of $49.92. Toronto Dominion Bank has a one year low of $43.09 and a one year high of $55.34.

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last posted its quarterly earnings data on Thursday, August 31st. The bank reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates 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 business 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 company earned $1.27 earnings per share. The company’s revenue was up 6.7% on a year-over-year basis. On average, equities research analysts expect that Toronto Dominion Bank will post $4.57 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, October 6th will be given a dividend of $0.475 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.44%. 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 currently 46.37%.

Toronto Dominion Bank (The) declared that its Board of Directors has approved a share repurchase program on Thursday, August 31st that permits the company to buyback 20,000,000 shares. This buyback authorization permits the bank to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

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A number of brokerages recently commented on TD. Bank of America Corporation reissued a “buy” rating on shares of Toronto Dominion Bank (The) in a research note on Friday, September 1st. National Bank Financial upgraded Toronto Dominion Bank (The) from a “sector perform” rating to an “outperform” rating in a research report on Friday, September 1st. BidaskClub upgraded Toronto Dominion Bank (The) from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Zacks Investment Research downgraded Toronto Dominion Bank (The) from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, Canaccord Genuity restated a “buy” rating and set a $72.00 price objective on shares of Toronto Dominion Bank (The) in a research report on Thursday, August 31st. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $64.75.

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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