Fieldpoint Private Securities LLC Takes Position in Toronto Dominion Bank (The) (TD)

Fieldpoint Private Securities LLC bought a new stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 24,455 shares of the bank’s stock, valued at approximately $1,376,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in Toronto Dominion Bank by 5.1% in the 2nd quarter. Vanguard Group Inc. now owns 41,532,070 shares of the bank’s stock valued at $2,092,385,000 after purchasing an additional 2,014,823 shares in the last quarter. Jarislowsky Fraser Ltd raised its position in Toronto Dominion Bank by 0.6% in the 3rd quarter. Jarislowsky Fraser Ltd now owns 25,541,085 shares of the bank’s stock valued at $1,434,663,000 after purchasing an additional 142,815 shares in the last quarter. Great West Life Assurance Co. Can raised its position in Toronto Dominion Bank by 9.0% in the 3rd quarter. Great West Life Assurance Co. Can now owns 18,089,766 shares of the bank’s stock valued at $1,016,362,000 after purchasing an additional 1,496,114 shares in the last quarter. CIBC Asset Management Inc raised its position in Toronto Dominion Bank by 0.6% in the 3rd quarter. CIBC Asset Management Inc now owns 11,510,442 shares of the bank’s stock valued at $646,340,000 after purchasing an additional 69,805 shares in the last quarter. Finally, Schroder Investment Management Group raised its position in Toronto Dominion Bank by 18.9% in the 3rd quarter. Schroder Investment Management Group now owns 7,909,119 shares of the bank’s stock valued at $555,292,000 after purchasing an additional 1,256,500 shares in the last quarter. Institutional investors own 48.82% of the company’s stock.

Shares of Toronto Dominion Bank (NYSE TD) traded up $0.02 during midday trading on Wednesday, hitting $56.57. The stock had a trading volume of 865,500 shares, compared to its average volume of 1,472,691. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.18. Toronto Dominion Bank has a 1-year low of $45.18 and a 1-year high of $58.76. The firm has a market cap of $104,191.67, a price-to-earnings ratio of 13.37, a PEG ratio of 1.53 and a beta of 0.88.

Toronto Dominion Bank announced that its Board of Directors has authorized a stock repurchase program on Thursday, August 31st that allows the company to buyback 20,000,000 outstanding shares. This buyback authorization allows the bank to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 10th will be given a dividend of $0.466 per share. This represents a $1.86 annualized dividend and a dividend yield of 3.30%. The ex-dividend date is Tuesday, January 9th. Toronto Dominion Bank’s dividend payout ratio (DPR) is presently 44.18%.

A number of equities research analysts have issued reports on the company. Bank of America reaffirmed a “buy” rating on shares of Toronto Dominion Bank in a research report on Friday, September 1st. Zacks Investment Research lowered Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Saturday, December 2nd. National Bank Financial raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Friday, September 1st. Scotiabank raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Monday, August 21st. Finally, Howard Weil raised Toronto Dominion Bank to an “outperform” rating in a research report on Monday, August 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $72.50.

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Toronto Dominion Bank 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.

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

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