Toronto Dominion Bank (The) $TD Shares Acquired by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR boosted its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 4.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 202,880 shares of the bank’s stock after buying an additional 9,101 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Toronto Dominion Bank were worth $23,844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the stock. John Boyer Inc. bought a new stake in shares of Toronto Dominion Bank in the third quarter valued at about $118,000. Brucke Financial Inc. grew its position in Toronto Dominion Bank by 9.2% during the third quarter. Brucke Financial Inc. now owns 3,881 shares of the bank’s stock worth $456,000 after buying an additional 326 shares in the last quarter. Signaturefd LLC increased its stake in Toronto Dominion Bank by 1.1% during the third quarter. Signaturefd LLC now owns 31,645 shares of the bank’s stock valued at $3,719,000 after acquiring an additional 334 shares during the period. Simplicity Wealth LLC increased its stake in Toronto Dominion Bank by 2.7% during the third quarter. Simplicity Wealth LLC now owns 4,236 shares of the bank’s stock valued at $498,000 after acquiring an additional 112 shares during the period. Finally, XXI Wealth LLC increased its stake in Toronto Dominion Bank by 10.1% during the third quarter. XXI Wealth LLC now owns 2,204 shares of the bank’s stock valued at $259,000 after acquiring an additional 202 shares during the period. 52.37% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TD has been the subject of a number of research reports. Wall Street Zen upgraded Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. Weiss Ratings upgraded Toronto Dominion Bank from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, October 21st. Finally, Keefe, Bruyette & Woods assumed coverage on Toronto Dominion Bank in a research report on Friday, August 21st. They issued a “market perform” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $148.00.

Toronto Dominion Bank Trading Up 0.3%

Shares of TD opened at $125.74 on Wednesday. The stock has a market cap of $206.01 billion, a PE ratio of 18.68 and a beta of 0.75. Toronto Dominion Bank has a 1 year low of $79.52 and a 1 year high of $126.05. The stock has a 50 day simple moving average of $120.07 and a 200-day simple moving average of $109.98.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings data on Thursday, August 27th. The bank reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.24. The company had revenue of $12.07 billion for the quarter, compared to the consensus estimate of $10.70 billion. During the same period in the previous year, the business posted $2.20 earnings per share. The firm’s revenue was up 6.9% compared to the same quarter last year. On average, sell-side analysts forecast that Toronto Dominion Bank will post 7.04 EPS for the current fiscal year.

Toronto Dominion Bank Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Friday, October 9th will be given a C$1.12 dividend. The ex-dividend date is Friday, October 9th. This represents a $4.48 dividend on an annualized basis and a yield of 3.6%. Toronto Dominion Bank’s payout ratio is 46.66%.

Toronto Dominion Bank announced that its board has authorized a stock buyback program on Wednesday, September 30th that permits the company to repurchase $7.14 billion in outstanding shares. This buyback authorization permits the bank to buy up to 3.5% of its shares through open market purchases. Share buyback programs are often an indication that the company’s management believes its stock is undervalued.

About Toronto Dominion Bank

Toronto-Dominion Bank, operating as TD Bank Group, is a Canadian financial services company headquartered in Toronto, Ontario. The institution traces its history to the Bank of Toronto, founded in 1855, and the Dominion Bank, founded in 1869; the two banks merged in 1955 to form Toronto-Dominion Bank.

TD provides a broad range of banking and financial services through its Canadian and U.S. operations. Its offerings include personal and business deposit accounts, mortgages, consumer and commercial lending, credit cards, investment products, insurance, wealth management and financial advice.