Klingenstein Fields & Co. LLC Invests $218,000 in Toronto Dominion Bank (The) (TD)

Klingenstein Fields & Co. LLC acquired a new position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,880 shares of the bank’s stock, valued at approximately $218,000.

Other large investors have also modified their holdings of the company. Public Sector Pension investment Board grew its holdings in 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 worth $184,104,000 after purchasing an additional 3,881,100 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in 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 purchasing an additional 2,815,688 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in 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 purchasing an additional 2,022,507 shares during the last quarter. Vanguard Group Inc. boosted its holdings in 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 purchasing an additional 2,014,823 shares during the last quarter. Finally, Capital International Investors boosted its holdings in 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 purchasing an additional 1,654,000 shares during the last quarter. 47.65% of the stock is owned by institutional investors.

Several equities research analysts have commented on TD shares. BidaskClub raised shares of Toronto Dominion Bank (The) from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Canaccord Genuity started coverage on shares of Toronto Dominion Bank (The) in a research report on Tuesday, July 18th. They issued a “buy” rating for the company. Zacks Investment Research upgraded shares of Toronto Dominion Bank (The) from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research report on Wednesday, July 19th. Howard Weil upgraded shares of Toronto Dominion Bank (The) to an “outperform” rating in a research report on Monday, August 21st. Finally, Scotiabank upgraded shares of Toronto Dominion Bank (The) from a “sector perform” rating to an “outperform” rating in a research report on Monday, August 21st. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Toronto Dominion Bank (The) currently has a consensus rating of “Buy” and an average price target of $66.33.

Toronto Dominion Bank (TD) traded up $0.13 during trading hours on Monday, hitting $57.55. 264,798 shares of the company were exchanged, compared to its average volume of 1,120,037. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market cap of $106,146.21, a PE 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 posted its quarterly earnings data on Thursday, August 31st. The bank reported $1.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.06. The firm had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.05 billion. Toronto Dominion Bank (The) had a net margin of 22.85% and a return on equity of 14.71%. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the company posted $1.27 EPS. analysts forecast that Toronto Dominion Bank will post 4.46 EPS for the current year.

Toronto Dominion Bank (The) announced that its Board of Directors has authorized a share buyback plan on Thursday, August 31st that permits the company to repurchase 20,000,000 outstanding shares. This repurchase authorization permits the bank to repurchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th were issued a dividend of $0.475 per share. The ex-dividend date was Thursday, October 5th. 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 yield of 3.30%. Toronto Dominion Bank (The)’s dividend payout ratio is 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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