Toronto Dominion Bank (The) (NYSE:TD) Position Increased by Rathbone Brothers plc

Rathbone Brothers plc increased its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 1.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,459 shares of the bank’s stock after purchasing an additional 800 shares during the period. Rathbone Brothers plc’s holdings in Toronto Dominion Bank (The) were worth $2,640,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Parallel Advisors LLC lifted its stake in Toronto Dominion Bank (The) by 10.0% in the 2nd quarter. Parallel Advisors LLC now owns 2,151 shares of the bank’s stock valued at $111,000 after acquiring an additional 196 shares in the last quarter. Meeder Asset Management Inc. lifted its stake in Toronto Dominion Bank (The) by 25.5% in the 1st quarter. Meeder Asset Management Inc. now owns 2,187 shares of the bank’s stock valued at $110,000 after acquiring an additional 444 shares in the last quarter. Cornerstone Advisors Inc. lifted its stake in Toronto Dominion Bank (The) by 5.2% in the 2nd quarter. Cornerstone Advisors Inc. now owns 2,319 shares of the bank’s stock valued at $117,000 after acquiring an additional 114 shares in the last quarter. Cribstone Capital Management LLC lifted its stake in Toronto Dominion Bank (The) by 47.3% in the 2nd quarter. Cribstone Capital Management LLC now owns 2,341 shares of the bank’s stock valued at $118,000 after acquiring an additional 752 shares in the last quarter. Finally, Baystate Wealth Management LLC bought a new stake in Toronto Dominion Bank (The) in the 2nd quarter valued at approximately $121,000. Institutional investors and hedge funds own 47.70% of the company’s stock.

Toronto Dominion Bank (NYSE:TD) opened at 56.06 on Friday. Toronto Dominion Bank has a 52-week low of $43.31 and a 52-week high of $56.35. The firm’s 50 day moving average price is $52.35 and its 200 day moving average price is $49.95. The firm has a market cap of $103.63 billion, a price-to-earnings ratio of 13.29 and a beta of 0.88.

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, August 31st. The bank reported $1.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.06. The company had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.05 billion. Toronto Dominion Bank (The) had a return on equity of 14.71% and a net margin of 22.85%. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the company earned $1.27 earnings per share. Equities research analysts anticipate that Toronto Dominion Bank will post $4.50 EPS for the current fiscal year.

The firm 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 is a positive change from Toronto Dominion Bank (The)’s previous quarterly dividend of $0.44. This represents a $1.90 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend is Thursday, October 5th. Toronto Dominion Bank (The)’s dividend payout ratio (DPR) is 46.37%.

Toronto Dominion Bank (The) announced that its Board of Directors has approved 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 repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

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Several equities research analysts have commented on TD shares. Royal Bank Of Canada boosted their target price on Toronto Dominion Bank (The) from $68.00 to $70.00 and gave the company a “sector perform” rating in a research note on Friday, May 26th. BidaskClub upgraded Toronto Dominion Bank (The) from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Bank of America Corporation restated a “buy” rating on shares of Toronto Dominion Bank (The) in a research note on Friday, September 1st. Scotiabank raised Toronto Dominion Bank (The) from a “sector perform” rating to an “outperform” rating in a research report on Monday, August 21st. Finally, Zacks Investment Research raised Toronto Dominion Bank (The) from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research report on Wednesday, August 9th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $64.75.

About Toronto Dominion Bank (The)

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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