Toronto Dominion Bank Increases Stock Position in The Toronto-Dominion Bank (NYSE:TD)

Toronto Dominion Bank boosted its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 6.3% in the 2nd quarter, Holdings Channel reports. The firm owned 10,349,040 shares of the bank’s stock after purchasing an additional 611,902 shares during the period. Toronto-Dominion Bank accounts for about 0.9% of Toronto Dominion Bank’s investment portfolio, making the stock its 22nd biggest holding. Toronto Dominion Bank’s holdings in Toronto-Dominion Bank were worth $568,783,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Toronto-Dominion Bank by 9.6% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 13,814,269 shares of the bank’s stock valued at $759,449,000 after buying an additional 1,206,574 shares during the last quarter. Marshall Wace LLP increased its position in Toronto-Dominion Bank by 411.3% in the 2nd quarter. Marshall Wace LLP now owns 1,468,199 shares of the bank’s stock valued at $80,692,000 after acquiring an additional 1,181,021 shares during the period. Lombard Odier Asset Management Europe Ltd increased its position in Toronto-Dominion Bank by 23.9% in the 2nd quarter. Lombard Odier Asset Management Europe Ltd now owns 98,446 shares of the bank’s stock valued at $5,412,000 after acquiring an additional 18,991 shares during the period. 1832 Asset Management L.P. raised its stake in Toronto-Dominion Bank by 6.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 25,803,480 shares of the bank’s stock valued at $1,418,159,000 after acquiring an additional 1,462,794 shares during the last quarter. Finally, Frank Rimerman Advisors LLC acquired a new stake in Toronto-Dominion Bank during the 2nd quarter worth approximately $290,000. Institutional investors and hedge funds own 52.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TD. National Bank Financial upgraded Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research note on Thursday, August 22nd. UBS Group initiated coverage on shares of Toronto-Dominion Bank in a research note on Tuesday, July 2nd. They issued a “neutral” rating on the stock. Finally, StockNews.com cut shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $84.00.

Toronto-Dominion Bank Trading Down 0.1 %

Shares of TD stock opened at $63.79 on Wednesday. The business’s fifty day moving average price is $59.46 and its 200 day moving average price is $57.92. The firm has a market capitalization of $111.52 billion, a PE ratio of 14.50, a P/E/G ratio of 1.86 and a beta of 0.81. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.02 and a quick ratio of 1.02. The Toronto-Dominion Bank has a 1-year low of $53.52 and a 1-year high of $65.12.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings results on Thursday, August 22nd. The bank reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.56. Toronto-Dominion Bank had a net margin of 6.94% and a return on equity of 14.34%. The business had revenue of $14.18 billion for the quarter, compared to analysts’ expectations of $9.40 billion. During the same period in the prior year, the company posted $1.48 EPS. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. As a group, sell-side analysts forecast that The Toronto-Dominion Bank will post 5.84 EPS for the current fiscal year.

Toronto-Dominion Bank Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be issued a $0.739 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $2.96 dividend on an annualized basis and a yield of 4.63%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 67.73%.

Toronto-Dominion Bank Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.