Toronto Dominion Bank (The) (TD) Holdings Cut by M&R Capital Management Inc.

M&R Capital Management Inc. decreased its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 5.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 144,485 shares of the bank’s stock after selling 8,179 shares during the period. Toronto Dominion Bank (The) makes up about 1.8% of M&R Capital Management Inc.’s holdings, making the stock its 15th biggest position. M&R Capital Management Inc.’s holdings in Toronto Dominion Bank (The) were worth $7,242,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC increased its position in Toronto Dominion Bank (The) by 10.0% during the 2nd quarter. Parallel Advisors LLC now owns 2,151 shares of the bank’s stock worth $111,000 after purchasing an additional 196 shares during the period. Meeder Asset Management Inc. increased its position in Toronto Dominion Bank (The) by 25.5% during the 1st quarter. Meeder Asset Management Inc. now owns 2,187 shares of the bank’s stock worth $110,000 after purchasing an additional 444 shares during the period. Cornerstone Advisors Inc. increased its position in Toronto Dominion Bank (The) by 5.2% during the 2nd quarter. Cornerstone Advisors Inc. now owns 2,319 shares of the bank’s stock worth $117,000 after purchasing an additional 114 shares during the period. Cribstone Capital Management LLC increased its position in Toronto Dominion Bank (The) by 47.3% during the 2nd quarter. Cribstone Capital Management LLC now owns 2,341 shares of the bank’s stock worth $118,000 after purchasing an additional 752 shares during the period. Finally, Baystate Wealth Management LLC acquired a new position in Toronto Dominion Bank (The) during the 2nd quarter worth approximately $121,000. Institutional investors own 47.70% of the company’s stock.

Several research firms have issued reports on TD. Bank of America Corporation reiterated a “buy” rating on shares of Toronto Dominion Bank (The) in a research report on Friday, September 1st. National Bank Financial upgraded Toronto Dominion Bank (The) from a “sector perform” rating to an “outperform” rating in a research report on Friday, September 1st. BidaskClub upgraded Toronto Dominion Bank (The) from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Zacks Investment Research cut Toronto Dominion Bank (The) from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Finally, Canaccord Genuity restated a “buy” rating and issued a $72.00 price target on shares of Toronto Dominion Bank (The) in a report on Thursday, August 31st. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $64.75.

TRADEMARK VIOLATION WARNING: “Toronto Dominion Bank (The) (TD) Holdings Cut by M&R Capital Management Inc.” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright law. The correct version of this piece of content can be accessed at https://ledgergazette.com/2017/10/09/toronto-dominion-bank-the-td-holdings-cut-by-mr-capital-management-inc.html.

Toronto Dominion Bank (NYSE TD) traded down 0.14% during midday trading on Monday, hitting $56.08. The company had a trading volume of 255,571 shares. The company’s 50 day moving average is $54.49 and its 200 day moving average is $50.52. Toronto Dominion Bank has a 12-month low of $43.31 and a 12-month high of $57.59. The stock has a market cap of $103.67 billion, a price-to-earnings ratio of 12.91 and a beta of 0.89.

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, beating 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 last year, the business earned $1.27 earnings per share. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. On average, equities analysts anticipate that Toronto Dominion Bank will post $4.42 EPS for the current fiscal year.

Toronto Dominion Bank (The) declared that its board has approved 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 typically a sign that the company’s board of directors believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 6th will be p

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC increased its position in Toronto Dominion Bank (The) by 10.0% during the 2nd quarter. Parallel Advisors LLC now owns 2,151 shares of the bank’s stock worth $111,000 after purchasing an additional 196 shares during the period. Meeder Asset Management Inc. increased its position in Toronto Dominion Bank (The) by 25.5% during the 1st quarter. Meeder Asset Management Inc. now owns 2,187 shares of the bank’s stock worth $110,000 after purchasing an additional 444 shares during the period. Cornerstone Advisors Inc. increased its position in Toronto Dominion Bank (The) by 5.2% during the 2nd quarter. Cornerstone Advisors Inc. now owns 2,319 shares of the bank’s stock worth $117,000 after purchasing an additional 114 shares during the period. Cribstone Capital Management LLC increased its position in Toronto Dominion Bank (The) by 47.3% during the 2nd quarter. Cribstone Capital Management LLC now owns 2,341 shares of the bank’s stock worth $118,000 after purchasing an additional 752 shares during the period. Finally, Baystate Wealth Management LLC acquired a new position in Toronto Dominion Bank (The) during the 2nd quarter worth approximately $121,000. Institutional investors own 47.70% of the company’s stock.

Several research firms have issued reports on TD. Bank of America Corporation reiterated a “buy” rating on shares of Toronto Dominion Bank (The) in a research report on Friday, September 1st. National Bank Financial upgraded Toronto Dominion Bank (The) from a “sector perform” rating to an “outperform” rating in a research report on Friday, September 1st. BidaskClub upgraded Toronto Dominion Bank (The) from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Zacks Investment Research cut Toronto Dominion Bank (The) from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Finally, Canaccord Genuity restated a “buy” rating and issued a $72.00 price target on shares of Toronto Dominion Bank (The) in a report on Thursday, August 31st. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $64.75.

TRADEMARK VIOLATION WARNING: “Toronto Dominion Bank (The) (TD) Holdings Cut by M&R Capital Management Inc.” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright law. The correct version of this piece of content can be accessed at https://ledgergazette.com/2017/10/09/toronto-dominion-bank-the-td-holdings-cut-by-mr-capital-management-inc.html.

Toronto Dominion Bank (NYSE TD) traded down 0.14% during midday trading on Monday, hitting $56.08. The company had a trading volume of 255,571 shares. The company’s 50 day moving average is $54.49 and its 200 day moving average is $50.52. Toronto Dominion Bank has a 12-month low of $43.31 and a 12-month high of $57.59. The stock has a market cap of $103.67 billion, a price-to-earnings ratio of 12.91 and a beta of 0.89.

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, beating 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 last year, the business earned $1.27 earnings per share. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. On average, equities analysts anticipate that Toronto Dominion Bank will post $4.42 EPS for the current fiscal year.

Toronto Dominion Bank (The) declared that its board has approved 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 typically a sign that the company’s board of directors believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 6th will be paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.38%. 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. Toronto Dominion Bank (The)’s dividend payout ratio (DPR) is currently 47.62%.

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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