Biondo Investment Advisors LLC increased its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 3.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 67,051 shares of the bank’s stock after acquiring an additional 1,995 shares during the quarter. Biondo Investment Advisors LLC’s holdings in Toronto Dominion Bank (The) were worth $3,773,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Parallel Advisors LLC boosted its position 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 during the last quarter. Cornerstone Advisors Inc. boosted its position 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 during the last quarter. Advisory Services Network LLC boosted its position in shares of Toronto Dominion Bank (The) by 26.1% during the second quarter. Advisory Services Network LLC now owns 2,353 shares of the bank’s stock worth $119,000 after acquiring an additional 487 shares during the last quarter. Ropes Wealth Advisors LLC boosted its position in shares of Toronto Dominion Bank (The) by 18.8% during the second quarter. Ropes Wealth Advisors LLC now owns 2,376 shares of the bank’s stock worth $120,000 after acquiring an additional 376 shares during the last quarter. Finally, Teachers Advisors LLC boosted its position in shares of Toronto Dominion Bank (The) by 3.7% during the second quarter. Teachers Advisors LLC now owns 2,556 shares of the bank’s stock worth $129,000 after acquiring an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 47.88% of the company’s stock.

Toronto Dominion Bank (TD) traded down $0.10 during trading on Monday, hitting $57.54. 186,715 shares of the stock traded hands, compared to its average volume of 1,501,293. The company has a market cap of $106,560.00, a price-to-earnings ratio of 14.16, a PEG ratio of 1.48 and a beta of 0.91. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.14. Toronto Dominion Bank has a 12-month low of $45.18 and a 12-month high of $57.79.

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last released its earnings results on Thursday, August 31st. The bank reported $1.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.06. The firm had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.05 billion. Toronto Dominion Bank (The) had a net margin of 22.85% and a return on equity of 14.71%. The business’s revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the business earned $1.27 EPS. equities analysts forecast that Toronto Dominion Bank will post 4.44 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, October 6th were issued a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend was 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 (DPR) is 44.93%.

Toronto Dominion Bank (The) announced that its board has initiated a stock buyback program on Thursday, August 31st that permits the company to repurchase 20,000,000 shares. This repurchase authorization permits the bank to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

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TD has been the subject of several research reports. Bank of America Corporation reiterated a “buy” rating on shares of Toronto Dominion Bank (The) in a research report on Friday, September 1st. Zacks Investment Research upgraded shares of Toronto Dominion Bank (The) from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research report on Wednesday, August 9th. Canaccord Genuity reiterated 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. BidaskClub upgraded shares of Toronto Dominion Bank (The) from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Finally, National Bank Financial upgraded shares of Toronto Dominion Bank (The) from a “sector perform” rating to an “outperform” rating in a research report on Friday, September 1st. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Toronto Dominion Bank (The) presently has a consensus rating of “Buy” and an average target price of $66.33.

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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