Csenge Advisory Group Acquires Shares of 4,914 Toronto Dominion Bank (The) (TD)

Csenge Advisory Group acquired a new stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,914 shares of the bank’s stock, valued at approximately $277,000.

Several other institutional investors have also added to or reduced their stakes in TD. Public Sector Pension investment Board lifted its stake in shares of Toronto Dominion Bank (The) by 1,745.0% in the second quarter. Public Sector Pension investment Board now owns 3,658,692 shares of the bank’s stock valued at $184,104,000 after buying an additional 3,881,100 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of Toronto Dominion Bank (The) by 3,364.0% in the second quarter. Canada Pension Plan Investment Board now owns 2,899,388 shares of the bank’s stock valued at $145,896,000 after buying an additional 2,815,688 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Toronto Dominion Bank (The) by 44.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 6,535,700 shares of the bank’s stock valued at $329,248,000 after buying an additional 2,022,507 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Toronto Dominion Bank (The) by 5.1% in the second quarter. Vanguard Group Inc. now owns 41,532,070 shares of the bank’s stock valued at $2,092,385,000 after buying an additional 2,014,823 shares in the last quarter. Finally, Capital International Investors lifted its stake in shares of Toronto Dominion Bank (The) by 45.9% in the second quarter. Capital International Investors now owns 5,258,400 shares of the bank’s stock valued at $264,918,000 after buying an additional 1,654,000 shares in the last quarter. 47.74% of the stock is currently owned by hedge funds and other institutional investors.

Toronto Dominion Bank (TD) opened at $57.42 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.14. The stock has a market cap of $106,146.21, a price-to-earnings ratio of 14.11, a PEG ratio of 1.47 and a beta of 0.89.

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, August 31st. The bank reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $9.05 billion. During the same period last year, the firm earned $1.27 earnings per share. The firm’s revenue was up 6.7% on a year-over-year basis. equities analysts anticipate that Toronto Dominion Bank will post 4.46 EPS for the current fiscal year.

Toronto Dominion Bank (The) declared that its board has authorized a share repurchase plan on Thursday, August 31st that permits the company to buyback 20,000,000 outstanding shares. This buyback authorization permits the bank to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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

A number of research analysts have weighed in on TD shares. Bank of America Corporation reaffirmed a “buy” rating on shares of Toronto Dominion Bank (The) in a research note on Friday, September 1st. BidaskClub raised shares of Toronto Dominion Bank (The) from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Scotiabank raised shares of Toronto Dominion Bank (The) from a “sector perform” rating to an “outperform” rating in a research note on Monday, August 21st. Zacks Investment Research raised shares of Toronto Dominion Bank (The) from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a research note on Wednesday, August 9th. Finally, Macquarie started coverage on shares of Toronto Dominion Bank (The) in a research note on Tuesday, October 24th. They issued an “outperform” rating on the stock. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $66.33.

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Toronto Dominion Bank (The) 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.

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

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