Kestra Advisory Services LLC Buys 4,287 Shares of The Toronto-Dominion Bank (NYSE:TD)

Kestra Advisory Services LLC increased its stake in shares of The Toronto-Dominion Bank (NYSE:TDGet Rating) (TSE:TD) by 17.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,750 shares of the bank’s stock after acquiring an additional 4,287 shares during the period. Kestra Advisory Services LLC’s holdings in Toronto-Dominion Bank were worth $1,763,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Legal & General Group Plc raised its holdings in Toronto-Dominion Bank by 7.2% during the second quarter. Legal & General Group Plc now owns 11,288,200 shares of the bank’s stock worth $738,624,000 after acquiring an additional 760,101 shares in the last quarter. Scotia Capital Inc. raised its stake in Toronto-Dominion Bank by 0.8% in the second quarter. Scotia Capital Inc. now owns 9,769,983 shares of the bank’s stock valued at $640,507,000 after buying an additional 81,152 shares during the period. Toronto Dominion Bank raised its stake in Toronto-Dominion Bank by 39.9% in the second quarter. Toronto Dominion Bank now owns 7,589,856 shares of the bank’s stock valued at $497,682,000 after buying an additional 2,163,713 shares during the period. National Bank of Canada FI raised its stake in Toronto-Dominion Bank by 3.2% in the third quarter. National Bank of Canada FI now owns 5,295,196 shares of the bank’s stock valued at $324,625,000 after buying an additional 163,015 shares during the period. Finally, Franklin Resources Inc. raised its stake in Toronto-Dominion Bank by 10.5% in the second quarter. Franklin Resources Inc. now owns 4,956,134 shares of the bank’s stock valued at $324,987,000 after buying an additional 472,044 shares during the period. Institutional investors own 49.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TD. Credit Suisse Group upped their price objective on Toronto-Dominion Bank from C$96.00 to C$98.00 in a research note on Friday, December 2nd. Canaccord Genuity Group upgraded Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research note on Friday, December 2nd. StockNews.com initiated coverage on Toronto-Dominion Bank in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Scotiabank decreased their target price on Toronto-Dominion Bank from C$103.00 to C$100.00 in a research report on Tuesday, December 20th. Finally, National Bank Financial decreased their target price on Toronto-Dominion Bank from C$106.00 to C$103.00 in a research report on Friday, November 18th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Toronto-Dominion Bank presently has a consensus rating of “Hold” and a consensus target price of $101.00.

Toronto-Dominion Bank Trading Up 1.4 %

Shares of NYSE:TD opened at $66.65 on Monday. The company has a market capitalization of $121.43 billion, a P/E ratio of 9.11, a P/E/G ratio of 1.28 and a beta of 0.89. The Toronto-Dominion Bank has a 1 year low of $57.27 and a 1 year high of $86.01. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.97 and a quick ratio of 0.97. The business’s 50 day simple moving average is $65.76 and its 200 day simple moving average is $64.76.

Toronto-Dominion Bank (NYSE:TDGet Rating) (TSE:TD) last issued its quarterly earnings results on Thursday, December 1st. The bank reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.14. The business had revenue of $11.69 billion for the quarter. Toronto-Dominion Bank had a return on equity of 15.91% and a net margin of 23.48%. On average, research analysts anticipate that The Toronto-Dominion Bank will post 6.65 EPS for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 6th will be given a dividend of $0.7081 per share. The ex-dividend date is Thursday, January 5th. This represents a $2.83 dividend on an annualized basis and a yield of 4.25%. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.70. Toronto-Dominion Bank’s dividend payout ratio is currently 38.66%.

About Toronto-Dominion Bank

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The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking segments. The company offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; and financing options to customers at point of sale for automotive and recreational vehicle purchases.

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

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