Lenox Wealth Management Inc. lifted its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 35.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,083 shares of the bank’s stock after acquiring an additional 3,910 shares during the quarter. Lenox Wealth Management Inc.’s holdings in Toronto Dominion Bank were worth $848,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. 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. Advisory Services Network LLC increased its holdings in Toronto Dominion Bank by 26.1% in the second quarter. Advisory Services Network LLC now owns 2,353 shares of the bank’s stock valued at $119,000 after purchasing an additional 487 shares during the last quarter. Ropes Wealth Advisors LLC increased its holdings in Toronto Dominion Bank by 18.8% in the second quarter. Ropes Wealth Advisors LLC now owns 2,376 shares of the bank’s stock valued at $120,000 after purchasing an additional 376 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. Finally, Proficio Capital Partners LLC increased its holdings in Toronto Dominion Bank by 31.8% in the second quarter. Proficio Capital Partners LLC now owns 2,752 shares of the bank’s stock valued at $141,000 after purchasing an additional 664 shares during the last quarter. Institutional investors own 48.66% of the company’s stock.

Toronto Dominion Bank (NYSE:TD) traded down $0.44 during trading hours on Thursday, reaching $56.60. The company’s stock had a trading volume of 1,464,100 shares, compared to its average volume of 1,484,286. Toronto Dominion Bank has a 1 year low of $45.18 and a 1 year high of $58.76. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $105,094.49, a PE ratio of 13.48, a price-to-earnings-growth ratio of 1.55 and a beta of 0.88.

Toronto Dominion Bank declared that its board has initiated a share repurchase plan on Thursday, August 31st that allows the company to repurchase 20,000,000 shares. This repurchase authorization allows the bank to purchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 10th will be paid a $0.466 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $1.86 dividend on an annualized basis and a yield of 3.29%. Toronto Dominion Bank’s payout ratio is 44.18%.

A number of research firms recently commented on TD. Bank of America reiterated a “buy” rating on shares of Toronto Dominion Bank in a report on Friday, September 1st. Zacks Investment Research downgraded Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday, December 2nd. National Bank Financial upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Friday, September 1st. Scotiabank raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Monday, August 21st. Finally, Howard Weil raised Toronto Dominion Bank to an “outperform” rating in a research note on Monday, August 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. Toronto Dominion Bank currently has an average rating of “Buy” and an average target price of $72.50.

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About Toronto Dominion Bank

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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