37,838 Shares in Toronto Dominion Bank (The) (TD) Acquired by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. purchased a new position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 37,838 shares of the bank’s stock, valued at approximately $2,129,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. DekaBank Deutsche Girozentrale grew its stake in Toronto Dominion Bank (The) by 1.0% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 757,075 shares of the bank’s stock valued at $38,450,000 after buying an additional 7,413 shares during the last quarter. Adell Harriman & Carpenter Inc. grew its stake in Toronto Dominion Bank (The) by 1.4% in the 3rd quarter. Adell Harriman & Carpenter Inc. now owns 79,032 shares of the bank’s stock valued at $4,447,000 after buying an additional 1,100 shares during the last quarter. Advisor Group Inc. grew its stake in Toronto Dominion Bank (The) by 7.8% in the 3rd quarter. Advisor Group Inc. now owns 51,174 shares of the bank’s stock valued at $2,881,000 after buying an additional 3,714 shares during the last quarter. CIBC Asset Management Inc grew its stake in Toronto Dominion Bank (The) by 0.6% in the 3rd quarter. CIBC Asset Management Inc now owns 11,510,442 shares of the bank’s stock valued at $646,340,000 after buying an additional 69,805 shares during the last quarter. Finally, Jarislowsky Fraser Ltd grew its stake in Toronto Dominion Bank (The) by 0.6% in the 3rd quarter. Jarislowsky Fraser Ltd now owns 25,541,085 shares of the bank’s stock valued at $1,434,663,000 after buying an additional 142,815 shares during the last quarter. Institutional investors own 47.31% of the company’s stock.

TD has been the topic of a number of research analyst reports. Macquarie initiated coverage on shares of Toronto Dominion Bank (The) in a research note on Tuesday, October 24th. They issued an “outperform” rating on the stock. Canaccord Genuity reiterated a “buy” rating and issued a $72.00 target price on shares of Toronto Dominion Bank (The) in a research note on Thursday, August 31st. BidaskClub upgraded shares of Toronto Dominion Bank (The) from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Zacks Investment Research lowered shares of Toronto Dominion Bank (The) from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, Howard Weil upgraded shares of Toronto Dominion Bank (The) to an “outperform” rating in a research note on Monday, August 21st. One investment 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. Toronto Dominion Bank (The) presently has an average rating of “Buy” and a consensus price target of $66.33.

Shares of Toronto Dominion Bank (TD) traded down $0.13 during trading on Thursday, reaching $57.10. 689,800 shares of the company’s stock were exchanged, compared to its average volume of 1,508,825. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.14. Toronto Dominion Bank has a 12-month low of $45.18 and a 12-month high of $57.79. The company has a market cap of $105,794.98, a P/E ratio of 14.06, a PEG ratio of 1.47 and a beta of 0.89.

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last issued 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 firm had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.05 billion. During the same period in the prior year, the firm earned $1.27 EPS. The business’s revenue was up 6.7% on a year-over-year basis. analysts forecast that Toronto Dominion Bank will post 4.44 earnings per share for the current year.

Toronto Dominion Bank (The) announced that its Board of Directors has authorized a share repurchase plan on Thursday, August 31st that authorizes the company to repurchase 20,000,000 shares. This repurchase authorization authorizes the bank to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th were issued a $0.475 dividend. The ex-dividend date was Thursday, October 5th. This is an increase 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 3.33%. Toronto Dominion Bank (The)’s dividend payout ratio is 46.62%.

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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.

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

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