Prudential PLC grew its stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 20.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,191,440 shares of the bank’s stock after acquiring an additional 198,716 shares during the quarter. Prudential PLC owned 0.06% of Toronto Dominion Bank (The) worth $60,025,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in TD. Omnia Family Wealth LLC raised its position in shares of Toronto Dominion Bank (The) by 0.4% in the 2nd quarter. Omnia Family Wealth LLC now owns 5,615 shares of the bank’s stock valued at $283,000 after acquiring an additional 24 shares during the period. Lowe Brockenbrough & Co. Inc. grew its holdings in Toronto Dominion Bank (The) by 0.3% during the first quarter. Lowe Brockenbrough & Co. Inc. now owns 8,910 shares of the bank’s stock valued at $446,000 after purchasing an additional 30 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in Toronto Dominion Bank (The) by 0.8% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 6,181 shares of the bank’s stock valued at $319,000 after purchasing an additional 47 shares during the period. Johanson Financial Advisors Inc. grew its holdings in Toronto Dominion Bank (The) by 0.8% during the second quarter. Johanson Financial Advisors Inc. now owns 7,841 shares of the bank’s stock valued at $394,000 after purchasing an additional 66 shares during the period. Finally, Teachers Advisors LLC grew its holdings in Toronto Dominion Bank (The) by 3.7% during the second 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. 47.70% of the stock is owned by institutional investors.

Shares of Toronto Dominion Bank (NYSE:TD) traded down 0.30% on Wednesday, reaching $57.24. 494,030 shares of the company’s stock were exchanged. The stock has a market cap of $105.81 billion, a P/E ratio of 13.18 and a beta of 0.89. The company’s 50 day moving average price is $53.96 and its 200-day moving average price is $50.37. Toronto Dominion Bank has a 52-week low of $43.31 and a 52-week high of $57.59.

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, topping the Zacks’ consensus estimate of $1.08 by $0.06. Toronto Dominion Bank (The) had a return on equity of 14.71% and a net margin of 22.85%. The firm had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.05 billion. During the same period last year, the business posted $1.27 EPS. The business’s revenue was up 6.7% compared to the same quarter last year. Equities analysts forecast that Toronto Dominion Bank will post $4.50 EPS for the current fiscal year.

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

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th will be paid a $0.475 dividend. The ex-dividend date is 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 annualized dividend and a yield of 3.31%. Toronto Dominion Bank (The)’s payout ratio is 46.37%.

TD has been the subject of several recent analyst reports. Bank of America Corporation reiterated a “buy” rating on shares of Toronto Dominion Bank (The) in a report on Friday, September 1st. BidaskClub raised shares of Toronto Dominion Bank (The) from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Scotiabank raised shares of Toronto Dominion Bank (The) from a “sector perform” rating to an “outperform” rating in a report on Monday, August 21st. Zacks Investment Research raised shares of Toronto Dominion Bank (The) from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a report on Wednesday, August 9th. Finally, Canaccord Genuity restated a “buy” rating and issued a $72.00 price objective on shares of Toronto Dominion Bank (The) in a research report on Thursday, August 31st. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Toronto Dominion Bank (The) currently has a consensus rating of “Buy” and an average target price of $64.75.

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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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