Mn Services Vermogensbeheer B.V. Reduces Position in Toronto Dominion Bank (The) (TD)

Mn Services Vermogensbeheer B.V. trimmed its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 0.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 304,041 shares of the bank’s stock after selling 900 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Toronto Dominion Bank (The) were worth $17,078,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Geode Capital Management LLC grew its holdings in Toronto Dominion Bank (The) by 3.8% in the 1st quarter. Geode Capital Management LLC now owns 17,914 shares of the bank’s stock valued at $897,000 after buying an additional 660 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Toronto Dominion Bank (The) by 33.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 658,368 shares of the bank’s stock valued at $32,978,000 after buying an additional 165,292 shares in the last quarter. Gotham Asset Management LLC purchased a new stake in Toronto Dominion Bank (The) in the 1st quarter valued at $265,000. Neville Rodie & Shaw Inc. grew its holdings in shares of Toronto Dominion Bank (The) by 4.5% during the 2nd quarter. Neville Rodie & Shaw Inc. now owns 23,082 shares of the bank’s stock worth $1,163,000 after purchasing an additional 992 shares during the period. Finally, Fox Run Management L.L.C. purchased a new position in shares of Toronto Dominion Bank (The) during the 2nd quarter worth $267,000. Hedge funds and other institutional investors own 47.65% of the company’s stock.

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Toronto Dominion Bank (TD) traded up $0.04 on Monday, reaching $57.46. The company had a trading volume of 104,007 shares, 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 price-to-earnings ratio of 14.11, a price-to-earnings-growth ratio of 1.47 and a beta of 0.89.

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last posted its quarterly 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%. Toronto Dominion Bank (The)’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.27 EPS. research analysts anticipate that Toronto Dominion Bank will post 4.46 EPS for the current year.

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

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

TD has been the subject of a number of research analyst reports. Macquarie initiated coverage on Toronto Dominion Bank (The) in a report on Tuesday, October 24th. They set an “outperform” rating for the company. BidaskClub upgraded Toronto Dominion Bank (The) from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Canaccord Genuity reiterated a “buy” rating and set a $72.00 price target on shares of Toronto Dominion Bank (The) in a report on Thursday, August 31st. Zacks Investment Research cut Toronto Dominion Bank (The) from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Finally, Howard Weil upgraded Toronto Dominion Bank (The) to an “outperform” rating in a report on Monday, August 21st. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Toronto Dominion Bank (The) presently has a consensus 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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