Jefferies Group LLC Acquires 62,630 Shares of Toronto-Dominion Bank (NYSE:TD)

Jefferies Group LLC grew its holdings in Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 137.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 108,293 shares of the bank’s stock after purchasing an additional 62,630 shares during the quarter. Jefferies Group LLC’s holdings in Toronto-Dominion Bank were worth $6,326,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Security National Bank of SO Dak lifted its stake in shares of Toronto-Dominion Bank by 6.0% in the second quarter. Security National Bank of SO Dak now owns 18,913 shares of the bank’s stock worth $1,104,000 after buying an additional 1,065 shares during the last quarter. Marshall Wace North America L.P. lifted its stake in shares of Toronto-Dominion Bank by 34.7% in the second quarter. Marshall Wace North America L.P. now owns 101,000 shares of the bank’s stock worth $5,915,000 after buying an additional 26,000 shares during the last quarter. Compagnie Lombard Odier SCmA lifted its stake in shares of 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 buying an additional 214 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Toronto-Dominion Bank by 2.5% in the second quarter. Vanguard Group Inc. now owns 52,502,160 shares of the bank’s stock worth $3,064,025,000 after buying an additional 1,293,179 shares during the last quarter. Finally, Private Advisor Group LLC lifted its stake in shares of Toronto-Dominion Bank by 0.8% in the second quarter. Private Advisor Group LLC now owns 28,916 shares of the bank’s stock worth $1,584,000 after buying an additional 220 shares during the last quarter. 50.29% of the stock is owned by institutional investors.

A number of brokerages have recently weighed in on TD. CIBC set a $83.00 price objective on shares of Toronto-Dominion Bank and gave the stock a “buy” rating in a research note on Friday, August 30th. Canaccord Genuity set a $81.00 price objective on shares of Toronto-Dominion Bank and gave the stock a “buy” rating in a research note on Friday, August 30th. Royal Bank of Canada set a $82.00 target price on shares of Toronto-Dominion Bank and gave the company a “hold” rating in a research note on Friday, August 30th. National Bank Financial set a $84.00 target price on shares of Toronto-Dominion Bank and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, Zacks Investment Research upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research note on Tuesday, September 10th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $78.56.



NYSE:TD traded up $0.16 during trading hours on Friday, hitting $57.71. 10,089 shares of the company traded hands, compared to its average volume of 1,271,276. The stock has a market capitalization of $104.86 billion, a price-to-earnings ratio of 11.47, a P/E/G ratio of 2.20 and a beta of 1.07. Toronto-Dominion Bank has a twelve month low of $47.73 and a twelve month high of $62.00. The firm has a 50-day moving average of $55.47 and a 200 day moving average of $56.38. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its earnings results on Thursday, August 29th. The bank reported $1.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.45. The firm had revenue of $10.50 billion during the quarter, compared to analysts’ expectations of $9.80 billion. Toronto-Dominion Bank had a net margin of 20.02% and a return on equity of 16.08%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.66 EPS. Equities research analysts predict that Toronto-Dominion Bank will post 5.14 earnings per share for the current fiscal year.

The firm also recently declared a — dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be issued a $0.556 dividend. This represents a yield of 4.1%. The ex-dividend date of this dividend is Wednesday, October 9th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 44.93%.

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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Want to see what other hedge funds are holding TD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Toronto-Dominion Bank (NYSE:TD) (TSE:TD).

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

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