Valmark Advisers Inc. Boosts Stock Holdings in Toronto-Dominion Bank (NYSE:TD)

Valmark Advisers Inc. grew its position in shares of Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 3.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,764 shares of the bank’s stock after buying an additional 197 shares during the quarter. Valmark Advisers Inc.’s holdings in Toronto-Dominion Bank were worth $336,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. Cornerstone Advisors Inc. boosted its holdings in Toronto-Dominion Bank by 5.4% in the second quarter. Cornerstone Advisors Inc. now owns 3,746 shares of the bank’s stock worth $219,000 after purchasing an additional 193 shares during the last quarter. Claro Advisors LLC boosted its holdings in Toronto-Dominion Bank by 0.6% in the third quarter. Claro Advisors LLC now owns 30,845 shares of the bank’s stock worth $1,797,000 after purchasing an additional 196 shares during the last quarter. Norway Savings Bank boosted its holdings in Toronto-Dominion Bank by 13.5% in the third quarter. Norway Savings Bank now owns 1,679 shares of the bank’s stock worth $98,000 after purchasing an additional 200 shares during the last quarter. Compagnie Lombard Odier SCmA boosted its holdings in Toronto-Dominion Bank by 8.6% in the second quarter. Compagnie Lombard Odier SCmA now owns 2,714 shares of the bank’s stock worth $158,000 after purchasing an additional 214 shares during the last quarter. Finally, First Financial Corp IN boosted its holdings in Toronto-Dominion Bank by 16.1% in the third quarter. First Financial Corp IN now owns 1,561 shares of the bank’s stock worth $91,000 after purchasing an additional 216 shares during the last quarter. Hedge funds and other institutional investors own 47.71% of the company’s stock.

Several equities research analysts recently issued reports on TD shares. Barclays set a $80.00 target price on shares of Toronto-Dominion Bank and gave the stock a “buy” rating in a report on Thursday, August 29th. ValuEngine cut shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Wednesday. Bank of America cut shares of Toronto-Dominion Bank from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $82.00 to $77.00 in a report on Thursday, August 15th. Scotiabank set a $80.00 target price on shares of Toronto-Dominion Bank and gave the stock a “buy” rating in a report on Friday, August 30th. Finally, National Bank Financial set a $84.00 target price on shares of Toronto-Dominion Bank and gave the stock a “buy” rating in a report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $78.36.

TD traded up $0.35 during trading on Friday, hitting $57.98. The company’s stock had a trading volume of 357,899 shares, compared to its average volume of 927,296. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.13. Toronto-Dominion Bank has a one year low of $47.73 and a one year high of $59.55. The firm has a market cap of $105.42 billion, a PE ratio of 11.53, a P/E/G ratio of 1.79 and a beta of 1.06. The business’s 50 day simple moving average is $56.84 and its 200-day simple moving average is $56.67.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, August 29th. The bank reported $1.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.45. Toronto-Dominion Bank had a net margin of 20.02% and a return on equity of 16.08%. The business had revenue of $10.50 billion for the quarter, compared to the consensus estimate of $9.80 billion. During the same period last year, the firm earned $1.66 earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis. Equities research analysts expect that Toronto-Dominion Bank will post 5.17 EPS for the current fiscal year.

The firm also recently declared a — dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were given a $0.556 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a yield of 4.1%. Toronto-Dominion Bank’s payout ratio is presently 44.53%.

About Toronto-Dominion Bank

The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.

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

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