Forsta AP Fonden trimmed its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 37.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 160,963 shares of the bank’s stock after selling 94,454 shares during the period. Forsta AP Fonden’s holdings in Toronto Dominion Bank (The) were worth $9,041,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of TD. Public Sector Pension investment Board lifted its stake in Toronto Dominion Bank (The) by 1,745.0% in the 2nd quarter. Public Sector Pension investment Board now owns 3,658,692 shares of the bank’s stock worth $184,104,000 after purchasing an additional 3,881,100 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in Toronto Dominion Bank (The) by 3,364.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 2,899,388 shares of the bank’s stock worth $145,896,000 after purchasing an additional 2,815,688 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Toronto Dominion Bank (The) by 44.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 6,535,700 shares of the bank’s stock worth $329,248,000 after purchasing an additional 2,022,507 shares in the last quarter. Vanguard Group Inc. lifted its stake in Toronto Dominion Bank (The) by 5.1% in the 2nd quarter. Vanguard Group Inc. now owns 41,532,070 shares of the bank’s stock worth $2,092,385,000 after purchasing an additional 2,014,823 shares in the last quarter. Finally, Capital International Investors lifted its stake in Toronto Dominion Bank (The) by 45.9% in the 2nd quarter. Capital International Investors now owns 5,258,400 shares of the bank’s stock worth $264,918,000 after purchasing an additional 1,654,000 shares in the last quarter. Institutional investors own 47.65% of the company’s stock.

Shares of Toronto Dominion Bank (NYSE TD) opened at $57.32 on Monday. The stock has a market cap of $106,146.21, a PE ratio of 14.11, a P/E/G ratio of 1.47 and a beta of 0.89. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.96 and a quick 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.06. The company had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.05 billion. Toronto Dominion Bank (The) had a return on equity of 14.71% and a net margin of 22.85%. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.27 earnings per share. analysts anticipate that Toronto Dominion Bank will post 4.46 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th were given a $0.475 dividend. This is a positive change from Toronto Dominion Bank (The)’s previous quarterly dividend of $0.44. The ex-dividend date was Thursday, October 5th. This represents a $1.90 dividend on an annualized basis and a yield of 3.31%. Toronto Dominion Bank (The)’s payout ratio is presently 46.62%.

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

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A number of research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Toronto Dominion Bank (The) from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Macquarie assumed coverage on shares of Toronto Dominion Bank (The) in a research note on Tuesday, October 24th. They issued an “outperform” rating on the stock. Bank of America Corporation reissued a “buy” rating on shares of Toronto Dominion Bank (The) in a research note on Friday, September 1st. National Bank Financial raised shares of Toronto Dominion Bank (The) from a “sector perform” rating to an “outperform” rating in a research note on Friday, September 1st. Finally, BidaskClub raised shares of Toronto Dominion Bank (The) from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $66.33.

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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