Toronto Dominion Bank (The) (NYSE:TD) Holdings Lifted by Baskin Financial Services Inc.

Baskin Financial Services Inc. raised its stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 1.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 281,510 shares of the bank’s stock after acquiring an additional 2,677 shares during the period. Toronto Dominion Bank (The) makes up 3.1% of Baskin Financial Services Inc.’s portfolio, making the stock its 11th largest holding. Baskin Financial Services Inc.’s holdings in Toronto Dominion Bank (The) were worth $15,807,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TD. Parallel Advisors LLC increased its holdings in Toronto Dominion Bank (The) by 10.0% in the 2nd quarter. Parallel Advisors LLC now owns 2,151 shares of the bank’s stock valued at $111,000 after acquiring an additional 196 shares during the last quarter. Cornerstone Advisors Inc. increased its holdings in shares of Toronto Dominion Bank (The) by 5.2% in the 2nd quarter. Cornerstone Advisors Inc. now owns 2,319 shares of the bank’s stock worth $117,000 after buying an additional 114 shares during the last quarter. Cribstone Capital Management LLC increased its holdings in shares of Toronto Dominion Bank (The) by 47.3% in the 2nd quarter. Cribstone Capital Management LLC now owns 2,341 shares of the bank’s stock worth $118,000 after buying an additional 752 shares during the last quarter. Advisory Services Network LLC increased its holdings in shares of Toronto Dominion Bank (The) by 26.1% in the 2nd quarter. Advisory Services Network LLC now owns 2,353 shares of the bank’s stock worth $119,000 after buying an additional 487 shares during the last quarter. Finally, Ropes Wealth Advisors LLC increased its holdings in shares of Toronto Dominion Bank (The) by 18.8% in the 2nd quarter. Ropes Wealth Advisors LLC now owns 2,376 shares of the bank’s stock worth $120,000 after buying an additional 376 shares during the last quarter. Institutional investors own 47.31% of the company’s stock.

TD has been the subject of a number of recent analyst reports. BidaskClub cut shares of Toronto Dominion Bank (The) from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. 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 research note on Wednesday, July 19th. Howard Weil raised shares of Toronto Dominion Bank (The) to an “outperform” rating in a research note on Monday, August 21st. Canaccord Genuity started coverage on shares of Toronto Dominion Bank (The) in a research report on Tuesday, July 18th. They issued a “buy” rating for the company. Finally, National Bank Financial raised shares of Toronto Dominion Bank (The) from a “sector perform” rating to an “outperform” rating in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $66.33.

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Shares of Toronto Dominion Bank (NYSE TD) opened at $57.23 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market cap of $105,860.00, a P/E ratio of 14.09, a PEG ratio of 1.47 and a beta of 0.91. Toronto Dominion Bank has a 52-week low of $45.18 and a 52-week high of $57.79.

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last posted its quarterly earnings data on Thursday, August 31st. The bank reported $1.14 EPS for the quarter, topping the consensus estimate of $1.08 by $0.06. The firm had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.05 billion. Toronto Dominion Bank (The) had a net margin of 22.85% and a return on equity of 14.71%. Toronto Dominion Bank (The)’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.27 EPS. research analysts expect that Toronto Dominion Bank will post 4.44 earnings per share for the current fiscal year.

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

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th were paid a dividend of $0.475 per share. This is a positive change from Toronto Dominion Bank (The)’s previous quarterly dividend of $0.44. 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 3.32%. Toronto Dominion Bank (The)’s dividend payout ratio is presently 44.82%.

About Toronto Dominion Bank (The)

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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