Guardian Capital Advisors LP Has $46.18 Million Stake in Toronto Dominion Bank (The) (TD)

Guardian Capital Advisors LP trimmed its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 0.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 646,577 shares of the bank’s stock after selling 2,331 shares during the period. Toronto Dominion Bank accounts for approximately 6.3% of Guardian Capital Advisors LP’s investment portfolio, making the stock its biggest position. Guardian Capital Advisors LP’s holdings in Toronto Dominion Bank were worth $46,180,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Parallel Advisors LLC raised its position in Toronto Dominion Bank by 10.0% during the 2nd quarter. Parallel Advisors LLC now owns 2,151 shares of the bank’s stock worth $111,000 after purchasing an additional 196 shares during the last quarter. Advisory Services Network LLC raised its position in Toronto Dominion Bank by 26.1% during the 2nd quarter. Advisory Services Network LLC now owns 2,353 shares of the bank’s stock worth $119,000 after purchasing an additional 487 shares during the last quarter. Ropes Wealth Advisors LLC raised its position in Toronto Dominion Bank by 18.8% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 2,376 shares of the bank’s stock worth $120,000 after purchasing an additional 376 shares during the last quarter. Teachers Advisors LLC raised its position in Toronto Dominion Bank by 3.7% during the 2nd quarter. Teachers Advisors LLC now owns 2,556 shares of the bank’s stock worth $129,000 after purchasing an additional 92 shares during the last quarter. Finally, Proficio Capital Partners LLC raised its position in Toronto Dominion Bank by 31.8% during the 2nd quarter. Proficio Capital Partners LLC now owns 2,752 shares of the bank’s stock worth $141,000 after purchasing an additional 664 shares during the last quarter. 48.82% of the stock is owned by institutional investors and hedge funds.

Shares of Toronto Dominion Bank (TD) traded down $0.08 during trading on Tuesday, reaching $56.55. The company’s stock had a trading volume of 627,900 shares, compared to its average volume of 1,475,242. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.93 and a current ratio of 0.93. Toronto Dominion Bank has a 52-week low of $45.18 and a 52-week high of $58.76. The firm has a market cap of $104,339.08, a P/E ratio of 13.39, a P/E/G ratio of 1.54 and a beta of 0.88.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 10th will be issued a dividend of $0.466 per share. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.86 dividend on an annualized basis and a yield of 3.30%. Toronto Dominion Bank’s payout ratio is currently 44.18%.

Toronto Dominion Bank announced that its Board of Directors has approved a stock buyback plan on Thursday, August 31st that permits the company to repurchase 20,000,000 shares. This repurchase authorization permits the bank to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

A number of analysts have weighed in on the company. Scotiabank reiterated a “buy” rating and set a $83.00 price target on shares of Toronto Dominion Bank in a report on Wednesday, November 22nd. Zacks Investment Research downgraded Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday, December 2nd. Canaccord Genuity reiterated a “buy” rating and set a $80.00 price target on shares of Toronto Dominion Bank in a report on Thursday, November 30th. Macquarie assumed coverage on Toronto Dominion Bank in a report on Tuesday, October 24th. They set an “outperform” rating for the company. Finally, Bank of America reiterated a “buy” rating on shares of Toronto Dominion Bank in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $72.50.

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About Toronto Dominion Bank

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 (NYSE:TD)

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