BB&T Securities LLC Lifted Holding in Toronto-Dominion Bank (TD)

BB&T Securities LLC Lifted Holding in Toronto-Dominion Bank (TD)

BB&T Securities LLC boosted its position in Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 22.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 145,161 shares of the bank’s stock after buying an additional 26,203 shares during the period. BB&T Securities LLC’s holdings in Toronto-Dominion Bank were worth $7,271,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. LPL Financial LLC increased its position in Toronto-Dominion Bank by 3.0% in the third quarter. LPL Financial LLC now owns 80,349 shares of the bank’s stock valued at $3,557,000 after buying an additional 2,372 shares in the last quarter. PCJ Investment Counsel Ltd. increased its position in Toronto-Dominion Bank by 3.1% in the third quarter. PCJ Investment Counsel Ltd. now owns 3,832,237 shares of the bank’s stock valued at $169,823,000 after buying an additional 115,753 shares in the last quarter. Candriam Luxembourg S.C.A. increased its position in Toronto-Dominion Bank by 2.1% in the third quarter. Candriam Luxembourg S.C.A. now owns 115,866 shares of the bank’s stock valued at $5,134,000 after buying an additional 2,359 shares in the last quarter. Lombard Odier Asset Management Europe Ltd bought a new position in Toronto-Dominion Bank during the third quarter valued at approximately $1,551,000. Finally, Cetera Advisor Networks LLC increased its position in Toronto-Dominion Bank by 16.8% in the third quarter. Cetera Advisor Networks LLC now owns 8,730 shares of the bank’s stock valued at $388,000 after buying an additional 1,254 shares in the last quarter. Institutional investors and hedge funds own 53.66% of the company’s stock.

Toronto-Dominion Bank (NYSE:TD) traded up 0.38% on Friday, hitting $48.06. 1,225,133 shares of the stock were exchanged. The company has a 50-day moving average price of $47.38 and a 200-day moving average price of $49.47. The firm has a market cap of $88.59 billion, a PE ratio of 12.92 and a beta of 0.97. Toronto-Dominion Bank has a 52-week low of $41.36 and a 52-week high of $54.44.

Toronto-Dominion Bank (NYSE:TD) last issued its quarterly earnings results on Thursday, May 25th. The bank reported $1.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.08. The firm had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $8.72 billion. Toronto-Dominion Bank had a return on equity of 18.23% and a net margin of 21.61%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the company posted $1.20 EPS. On average, equities research analysts anticipate that Toronto-Dominion Bank will post $3.96 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Monday, July 10th will be given a dividend of $0.444 per share. The ex-dividend date of this dividend is Thursday, July 6th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.70%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 46.07%.

Several research firms have commented on TD. Zacks Investment Research upgraded shares of Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a report on Thursday. Barclays PLC upgraded shares of Toronto-Dominion Bank from an “underweight” rating to an “equal weight” rating in a report on Tuesday, May 23rd. National Bank Financial reissued a “sector perform overweight” rating on shares of Toronto-Dominion Bank in a research report on Thursday, May 18th. Finally, Royal Bank of Canada boosted their target price on shares of Toronto-Dominion Bank from $68.00 to $70.00 and gave the company a “sector perform” rating in a research report on Friday, May 26th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $61.71.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TD”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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