Toronto Dominion Bank (The) (TD) Shares Bought by IFP Advisors Inc

IFP Advisors Inc raised its holdings in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 15.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,895 shares of the bank’s stock after acquiring an additional 1,753 shares during the period. IFP Advisors Inc’s holdings in Toronto Dominion Bank (The) were worth $726,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. Parallel Advisors LLC boosted its position in shares of Toronto Dominion Bank (The) by 10.0% during the second quarter. Parallel Advisors LLC now owns 2,151 shares of the bank’s stock worth $111,000 after buying an additional 196 shares during the period. Cornerstone Advisors Inc. boosted its position in shares of Toronto Dominion Bank (The) by 5.2% during the second quarter. Cornerstone Advisors Inc. now owns 2,319 shares of the bank’s stock worth $117,000 after buying an additional 114 shares during the period. Cribstone Capital Management LLC boosted its position in shares of Toronto Dominion Bank (The) by 47.3% during the second quarter. Cribstone Capital Management LLC now owns 2,341 shares of the bank’s stock worth $118,000 after buying an additional 752 shares during the period. Advisory Services Network LLC boosted its position in shares of Toronto Dominion Bank (The) by 26.1% during the second quarter. Advisory Services Network LLC now owns 2,353 shares of the bank’s stock worth $119,000 after buying an additional 487 shares during the period. Finally, Ropes Wealth Advisors LLC boosted its position in shares of Toronto Dominion Bank (The) by 18.8% during the second quarter. Ropes Wealth Advisors LLC now owns 2,376 shares of the bank’s stock worth $120,000 after buying an additional 376 shares during the period. 47.74% of the stock is owned by hedge funds and other institutional investors.

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Several research firms have recently weighed in on TD. BidaskClub cut Toronto Dominion Bank (The) from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Zacks Investment Research upgraded Toronto Dominion Bank (The) from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Wednesday, July 19th. Howard Weil upgraded Toronto Dominion Bank (The) to an “outperform” rating in a report on Monday, August 21st. Canaccord Genuity began coverage on Toronto Dominion Bank (The) in a report on Tuesday, July 18th. They set a “buy” rating on the stock. Finally, National Bank Financial upgraded Toronto Dominion Bank (The) from a “sector perform” rating to an “outperform” rating in a report on Friday, September 1st. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Toronto Dominion Bank (The) presently has an average rating of “Buy” and a consensus target price of $66.33.

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

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, August 31st. The bank reported $1.14 EPS for the quarter, beating the 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 company had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.05 billion. During the same quarter in the prior year, the business earned $1.27 earnings per share. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. equities research analysts predict that Toronto Dominion Bank will post 4.46 earnings per share for the current fiscal year.

The business 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. The ex-dividend date was Thursday, October 5th. This represents a $1.90 dividend on an annualized basis and a yield of 3.31%. This is an increase from Toronto Dominion Bank (The)’s previous quarterly dividend of $0.44. Toronto Dominion Bank (The)’s dividend payout ratio is currently 46.62%.

Toronto Dominion Bank (The) announced that its Board of Directors has initiated a share buyback program on Thursday, August 31st that authorizes the company to buyback 20,000,000 outstanding shares. This buyback authorization authorizes the bank to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

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.

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

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