9,415 Shares in Toronto-Dominion Bank (TD) Purchased by Wedbush Securities Inc.

Wedbush Securities Inc. acquired a new stake in shares of Toronto-Dominion Bank (NYSE:TD) (TSE:TD) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 9,415 shares of the bank’s stock, valued at approximately $572,000.

Several other hedge funds and other institutional investors have also modified their holdings of TD. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its holdings in shares of Toronto-Dominion Bank by 60.0% during the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 10,773,218 shares of the bank’s stock valued at $819,734,000 after buying an additional 4,039,200 shares during the last quarter. Toronto Dominion Bank grew its holdings in shares of Toronto-Dominion Bank by 29.9% during the second quarter. Toronto Dominion Bank now owns 14,732,953 shares of the bank’s stock valued at $852,369,000 after buying an additional 3,391,735 shares during the last quarter. FIL Ltd grew its holdings in shares of Toronto-Dominion Bank by 8.6% during the third quarter. FIL Ltd now owns 36,739,701 shares of the bank’s stock valued at $2,232,570,000 after buying an additional 2,900,086 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Toronto-Dominion Bank by 64.5% during the third quarter. JPMorgan Chase & Co. now owns 4,568,938 shares of the bank’s stock valued at $277,791,000 after buying an additional 1,791,776 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Toronto-Dominion Bank by 48.5% during the third quarter. Renaissance Technologies LLC now owns 4,331,758 shares of the bank’s stock valued at $263,332,000 after buying an additional 1,415,378 shares during the last quarter. Hedge funds and other institutional investors own 47.92% of the company’s stock.

A number of research analysts have recently issued reports on the stock. TheStreet upgraded shares of Toronto-Dominion Bank from a “c+” rating to a “b” rating in a report on Tuesday, September 4th. Royal Bank of Canada reiterated a “hold” rating on shares of Toronto-Dominion Bank in a report on Monday, December 3rd. Barclays restated a “hold” rating on shares of Toronto-Dominion Bank in a report on Thursday, November 29th. Zacks Investment Research upgraded shares of Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a report on Friday, November 16th. Finally, Canaccord Genuity restated a “buy” rating on shares of Toronto-Dominion Bank in a report on Thursday, November 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. Toronto-Dominion Bank currently has a consensus rating of “Hold” and a consensus price target of $76.50.

Toronto-Dominion Bank stock opened at $52.49 on Friday. Toronto-Dominion Bank has a fifty-two week low of $51.96 and a fifty-two week high of $62.00. The stock has a market cap of $96.82 billion, a P/E ratio of 10.44, a PEG ratio of 1.31 and a beta of 1.02. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.91 and a current ratio of 0.91.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, November 29th. The bank reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.40. Toronto-Dominion Bank had a net margin of 21.27% and a return on equity of 16.78%. The business had revenue of $10.12 billion for the quarter, compared to analysts’ expectations of $9.31 billion. During the same period in the previous year, the company earned $1.36 earnings per share. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. As a group, research analysts anticipate that Toronto-Dominion Bank will post 5.25 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 31st. Investors of record on Thursday, January 10th will be issued a dividend of $0.509 per share. This represents a $2.04 annualized dividend and a yield of 3.88%. The ex-dividend date is Wednesday, January 9th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 41.35%.

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Toronto-Dominion Bank Company Profile

The Toronto-Dominion Bank engages in providing financial products and services. It operates through the following business segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The Canadian Retail segment offers various financial products and services, as well as telephone, Internet, and mobile banking services.

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

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