Capital International Investors increased its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 8.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,708,400 shares of the bank’s stock after acquiring an additional 450,000 shares during the quarter. Capital International Investors owned about 0.31% of Toronto Dominion Bank worth $321,212,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Omnia Family Wealth LLC increased its holdings in Toronto Dominion Bank by 0.4% in the second quarter. Omnia Family Wealth LLC now owns 5,615 shares of the bank’s stock valued at $283,000 after purchasing an additional 24 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in Toronto Dominion Bank by 0.8% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 6,181 shares of the bank’s stock valued at $319,000 after purchasing an additional 47 shares during the last quarter. Teachers Advisors LLC increased its holdings in Toronto Dominion Bank by 3.7% in the second quarter. Teachers Advisors LLC now owns 2,556 shares of the bank’s stock valued at $129,000 after purchasing an additional 92 shares during the last quarter. Parallel Advisors LLC increased its holdings in Toronto Dominion Bank by 10.0% in the second quarter. Parallel Advisors LLC now owns 2,151 shares of the bank’s stock valued at $111,000 after purchasing an additional 196 shares during the last quarter. Finally, Security National Bank of SO Dak increased its holdings in Toronto Dominion Bank by 1.5% in the second quarter. Security National Bank of SO Dak now owns 17,587 shares of the bank’s stock valued at $886,000 after purchasing an additional 260 shares during the last quarter. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Shares of Toronto Dominion Bank (TD) traded up $0.11 during trading on Monday, hitting $56.63. The company’s stock had a trading volume of 752,300 shares, compared to its average volume of 1,478,818. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $104,510.00, a P/E ratio of 13.39, a P/E/G ratio of 1.54 and a beta of 0.90. Toronto Dominion Bank has a 12 month low of $45.18 and a 12 month high of $58.76.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 10th will be given a dividend of $0.466 per share. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.86 annualized dividend and a dividend yield of 3.29%. Toronto Dominion Bank’s dividend payout ratio is currently 43.46%.

Toronto Dominion Bank declared that its board has authorized a stock repurchase program on Thursday, August 31st that permits the company to buyback 20,000,000 shares. This buyback authorization permits the bank to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Several equities research analysts have issued reports on the company. BidaskClub downgraded Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Howard Weil upgraded Toronto Dominion Bank to an “outperform” rating in a report on Monday, August 21st. Scotiabank upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Monday, August 21st. Canaccord Genuity restated a “buy” rating and issued a $72.00 price target on shares of Toronto Dominion Bank in a report on Thursday, August 31st. Finally, National Bank Financial upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. Toronto Dominion Bank currently has a consensus rating of “Buy” and an average target price of $72.50.

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Toronto Dominion Bank 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 (NYSE:TD)

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