Toronto Dominion Bank (The) (TD) Stake Lessened by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board lowered its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 3.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,809,388 shares of the bank’s stock after selling 90,000 shares during the period. Canada Pension Plan Investment Board owned 0.15% of Toronto Dominion Bank (The) worth $157,806,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its holdings in shares of Toronto Dominion Bank (The) by 10.0% during the second quarter. Parallel Advisors LLC now owns 2,151 shares of the bank’s stock valued at $111,000 after acquiring an additional 196 shares in the last quarter. Cornerstone Advisors Inc. increased its holdings in 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 period. Cribstone Capital Management LLC increased its holdings in 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 period. Advisory Services Network LLC increased its holdings in 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 period. Finally, Baystate Wealth Management LLC acquired a new position in Toronto Dominion Bank (The) in the 2nd quarter worth approximately $121,000. Hedge funds and other institutional investors own 47.74% of the company’s stock.

WARNING: This piece was first published by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this piece on another domain, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this piece can be viewed at https://sportsperspectives.com/2017/11/02/toronto-dominion-bank-the-td-stake-lessened-by-canada-pension-plan-investment-board.html.

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last posted its 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 net margin of 22.85% and a return on equity of 14.71%. The business had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.05 billion. During the same quarter in the prior year, the firm posted $1.27 EPS. Toronto Dominion Bank (The)’s revenue was up 6.7% on a year-over-year basis.

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 $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.34%. This is a boost from Toronto Dominion Bank (The)’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Thursday, October 5th. Toronto Dominion Bank (The)’s payout ratio is presently 46.62%.

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

A number of research analysts have recently issued reports on the company. BidaskClub upgraded Toronto Dominion Bank (The) from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Canaccord Genuity assumed coverage on Toronto Dominion Bank (The) in a research report on Tuesday, July 18th. They set a “buy” rating on the stock. 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 report on Wednesday, July 19th. Howard Weil upgraded Toronto Dominion Bank (The) to an “outperform” rating in a research report on Monday, August 21st. Finally, Scotiabank upgraded Toronto Dominion Bank (The) from a “sector perform” rating to an “outperform” rating in a research report on Monday, August 21st. Four equities research 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 an average rating of “Buy” and an average price target of $66.33.

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.

Want to see what other hedge funds are holding TD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD).

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

Receive News & Ratings for Toronto Dominion Bank (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toronto Dominion Bank (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply