Capital World Investors reduced its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 4.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,798,000 shares of the bank’s stock after selling 700,000 shares during the quarter. Capital World Investors owned 0.75% of Toronto Dominion Bank (The) worth $695,326,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Omnia Family Wealth LLC increased its holdings in shares of Toronto Dominion Bank (The) by 0.4% in the second quarter. Omnia Family Wealth LLC now owns 5,615 shares of the bank’s stock worth $283,000 after buying an additional 24 shares during the period. Lowe Brockenbrough & Co. Inc. lifted its stake in shares of Toronto Dominion Bank (The) by 0.3% in the 1st quarter. Lowe Brockenbrough & Co. Inc. now owns 8,910 shares of the bank’s stock valued at $446,000 after acquiring an additional 30 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in shares of Toronto Dominion Bank (The) by 0.8% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 6,181 shares of the bank’s stock valued at $319,000 after acquiring an additional 47 shares during the last quarter. Johanson Financial Advisors Inc. lifted its stake in shares of Toronto Dominion Bank (The) by 0.8% in the 2nd quarter. Johanson Financial Advisors Inc. now owns 7,841 shares of the bank’s stock valued at $394,000 after acquiring an additional 66 shares during the last quarter. Finally, Teachers Advisors LLC lifted its stake in shares of Toronto Dominion Bank (The) by 3.7% in the 2nd quarter. Teachers Advisors LLC now owns 2,556 shares of the bank’s stock valued at $129,000 after acquiring an additional 92 shares during the last quarter. 47.70% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently weighed in on TD shares. 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. Canaccord Genuity started coverage on shares of Toronto Dominion Bank (The) in a research note on Tuesday, July 18th. They issued a “buy” rating on the stock. BidaskClub raised shares of Toronto Dominion Bank (The) from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Zacks Investment Research cut shares of Toronto Dominion Bank (The) from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, Bank of America Corporation reaffirmed a “buy” rating on shares of Toronto Dominion Bank (The) in a research note on Friday, September 1st. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Toronto Dominion Bank (The) currently has a consensus rating of “Buy” and a consensus price target of $64.75.

Shares of Toronto Dominion Bank (NYSE:TD) traded up 0.70% on Tuesday, reaching $57.35. 387,051 shares of the company were exchanged. The company’s 50-day moving average is $53.76 and its 200-day moving average is $50.32. Toronto Dominion Bank has a 52 week low of $43.31 and a 52 week high of $57.42. The company has a market capitalization of $106.02 billion, a price-to-earnings ratio of 13.20 and a beta of 0.89.

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, August 31st. The bank reported $1.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $9.05 billion. During the same period in the prior year, the business earned $1.27 EPS. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. On average, equities analysts expect that Toronto Dominion Bank will post $4.50 EPS for the current fiscal year.

Toronto Dominion Bank (The) announced that its board has authorized a share buyback program on Thursday, August 31st that allows the company to repurchase 20,000,000 shares. This repurchase authorization allows the bank to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, October 6th will be paid a dividend of $0.475 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $1.90 annualized dividend and a dividend yield of 3.34%. 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 currently 46.37%.

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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.

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Institutional Ownership by Quarter for Toronto Dominion Bank (The) (NYSE:TD)

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