Van Hulzen Asset Management LLC lessened its stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 8.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,990 shares of the bank’s stock after selling 3,799 shares during the period. Van Hulzen Asset Management LLC’s holdings in Toronto Dominion Bank (The) were worth $2,194,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in TD. Geode Capital Management LLC boosted its position in shares of Toronto Dominion Bank (The) by 3.8% during the 1st quarter. Geode Capital Management LLC now owns 17,914 shares of the bank’s stock valued at $897,000 after purchasing an additional 660 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Toronto Dominion Bank (The) by 33.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 658,368 shares of the bank’s stock valued at $32,978,000 after purchasing an additional 165,292 shares in the last quarter. US Bancorp DE boosted its position in shares of Toronto Dominion Bank (The) by 4.4% during the 2nd quarter. US Bancorp DE now owns 36,737 shares of the bank’s stock valued at $1,851,000 after purchasing an additional 1,561 shares in the last quarter. Raub Brock Capital Management LP boosted its position in shares of Toronto Dominion Bank (The) by 3.1% during the 2nd quarter. Raub Brock Capital Management LP now owns 295,334 shares of the bank’s stock valued at $14,879,000 after purchasing an additional 8,782 shares in the last quarter. Finally, Moloney Securities Asset Management LLC boosted its position in shares of Toronto Dominion Bank (The) by 6.5% during the 2nd quarter. Moloney Securities Asset Management LLC now owns 9,651 shares of the bank’s stock valued at $486,000 after purchasing an additional 589 shares in the last quarter. Hedge funds and other institutional investors own 47.88% of the company’s stock.

Several equities analysts have recently weighed in on the stock. Scotiabank restated a “buy” rating and set a $83.00 price objective on shares of Toronto Dominion Bank (The) in a research report on Wednesday. Zacks Investment Research upgraded shares of Toronto Dominion Bank (The) from a “sell” rating to a “hold” rating in a research report on Saturday, November 18th. Macquarie started coverage on shares of Toronto Dominion Bank (The) in a research report on Tuesday, October 24th. They set an “outperform” rating for the company. Bank of America Corporation reiterated a “buy” rating on shares of Toronto Dominion Bank (The) in a report on Friday, September 1st. Finally, National Bank Financial upgraded shares of Toronto Dominion Bank (The) from a “sector perform” rating to an “outperform” rating in a report on Friday, September 1st. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $70.50.

Shares of Toronto Dominion Bank (NYSE TD) traded up $0.59 on Friday, hitting $58.67. 1,123,400 shares of the company’s stock traded hands, compared to its average volume of 1,493,907. Toronto Dominion Bank has a one year low of $45.18 and a one year high of $58.76. The firm has a market capitalization of $108,456.95, a PE ratio of 14.41, a price-to-earnings-growth ratio of 1.28 and a beta of 0.89. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.96.

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last announced its earnings results on Thursday, August 31st. The bank reported $1.14 EPS for the quarter, topping the consensus estimate of $1.08 by $0.06. Toronto Dominion Bank (The) had a net margin of 22.85% and a return on equity of 14.71%. The company had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.05 billion. During the same period last year, the company posted $1.27 earnings per share. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. sell-side analysts forecast that Toronto Dominion Bank will post 4.39 EPS for the current year.

Toronto Dominion Bank (The) declared that its Board of Directors has approved a stock repurchase program on Thursday, August 31st that permits the company to repurchase 20,000,000 shares. This repurchase authorization permits the bank to purchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th were issued a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 3.24%. This is a boost from Toronto Dominion Bank (The)’s previous quarterly dividend of $0.44. The ex-dividend date was Thursday, October 5th. Toronto Dominion Bank (The)’s dividend payout ratio (DPR) is presently 46.62%.

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Toronto Dominion Bank (The) Company 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 (The) (NYSE:TD)

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