Toronto Dominion Bank (The) (TD) Stake Lifted by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. grew its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 3.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,335,537 shares of the bank’s stock after buying an additional 244,703 shares during the period. Toronto Dominion Bank (The) accounts for 3.5% of Mawer Investment Management Ltd.’s investment portfolio, making the stock its 2nd largest position. Mawer Investment Management Ltd. owned about 0.40% of Toronto Dominion Bank (The) worth $413,220,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of TD. Parallel Advisors LLC raised its stake in shares of Toronto Dominion Bank (The) by 10.0% during the 2nd quarter. Parallel Advisors LLC now owns 2,151 shares of the bank’s stock valued at $111,000 after purchasing an additional 196 shares during the period. Cornerstone Advisors Inc. raised its stake in shares of Toronto Dominion Bank (The) by 5.2% during the 2nd quarter. Cornerstone Advisors Inc. now owns 2,319 shares of the bank’s stock valued at $117,000 after purchasing an additional 114 shares during the period. Advisory Services Network LLC raised its stake in shares of Toronto Dominion Bank (The) by 26.1% during the 2nd quarter. Advisory Services Network LLC now owns 2,353 shares of the bank’s stock valued at $119,000 after purchasing an additional 487 shares during the period. Ropes Wealth Advisors LLC raised its stake in shares of Toronto Dominion Bank (The) by 18.8% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 2,376 shares of the bank’s stock valued at $120,000 after purchasing an additional 376 shares during the period. Finally, Teachers Advisors LLC raised its stake in shares of Toronto Dominion Bank (The) by 3.7% during the 2nd quarter. Teachers Advisors LLC now owns 2,556 shares of the bank’s stock valued at $129,000 after purchasing an additional 92 shares during the period. 47.88% of the stock is currently owned by hedge funds and other institutional investors.

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TD has been the topic of a number of research analyst reports. Macquarie initiated coverage on Toronto Dominion Bank (The) in a research note on Tuesday, October 24th. They issued an “outperform” rating on the stock. Canaccord Genuity restated 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 Toronto Dominion Bank (The) from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. 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 research note on Wednesday, August 9th. Finally, Howard Weil upgraded Toronto Dominion Bank (The) to an “outperform” rating in a research note on Monday, August 21st. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $66.33.

Shares of Toronto Dominion Bank (NYSE TD) traded up $0.02 during midday trading on Tuesday, reaching $57.65. The company’s stock had a trading volume of 736,300 shares, compared to its average volume of 1,497,878. The company has a market cap of $106,610.00, a price-to-earnings ratio of 14.16, a P/E/G ratio of 1.48 and a beta of 0.91. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.96 and a quick ratio of 0.96. Toronto Dominion Bank has a fifty-two week low of $45.18 and a fifty-two week high of $57.80.

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, August 31st. The bank reported $1.14 EPS for the quarter, beating the consensus estimate of $1.08 by $0.06. The firm 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%. The company’s revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.27 EPS. sell-side analysts expect that Toronto Dominion Bank will post 4.44 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, October 6th were issued a dividend of $0.475 per share. The ex-dividend date of this dividend was Thursday, October 5th. This is a boost from Toronto Dominion Bank (The)’s previous quarterly dividend of $0.44. This represents a $1.90 annualized dividend and a yield of 3.30%. Toronto Dominion Bank (The)’s dividend payout ratio is currently 44.93%.

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

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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