Epoch Investment Partners Inc. Trims Stake in The Toronto-Dominion Bank (NYSE:TD)

Epoch Investment Partners Inc. cut its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 1.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,127 shares of the bank’s stock after selling 941 shares during the period. Epoch Investment Partners Inc.’s holdings in Toronto-Dominion Bank were worth $3,689,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TD. TD Asset Management Inc raised its holdings in Toronto-Dominion Bank by 28.9% in the 4th quarter. TD Asset Management Inc now owns 46,469,553 shares of the bank’s stock worth $3,017,384,000 after purchasing an additional 10,415,591 shares during the period. Bank of Nova Scotia increased its position in Toronto-Dominion Bank by 0.3% in the fourth quarter. Bank of Nova Scotia now owns 33,335,463 shares of the bank’s stock worth $2,154,141,000 after buying an additional 105,772 shares in the last quarter. National Bank of Canada FI increased its position in Toronto-Dominion Bank by 6.2% in the first quarter. National Bank of Canada FI now owns 29,655,117 shares of the bank’s stock worth $1,677,917,000 after buying an additional 1,736,931 shares in the last quarter. 1832 Asset Management L.P. raised its stake in shares of Toronto-Dominion Bank by 6.0% in the second quarter. 1832 Asset Management L.P. now owns 25,803,480 shares of the bank’s stock worth $1,418,159,000 after buying an additional 1,462,794 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Toronto-Dominion Bank by 3.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 11,884,896 shares of the bank’s stock valued at $653,194,000 after buying an additional 358,283 shares in the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Trading Down 1.1 %

Toronto-Dominion Bank stock opened at $63.87 on Tuesday. The Toronto-Dominion Bank has a 1 year low of $53.52 and a 1 year high of $65.12. The firm’s 50 day moving average price is $59.36 and its 200-day moving average price is $57.90. 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 stock has a market cap of $111.60 billion, a P/E ratio of 14.52, a PEG ratio of 1.84 and a beta of 0.81.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings results on Thursday, August 22nd. The bank reported $2.05 earnings per share (EPS) for the quarter, beating 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 company had revenue of $14.18 billion for the quarter, compared to the consensus estimate of $9.40 billion. During the same period in the previous year, the firm posted $1.48 EPS. Toronto-Dominion Bank’s revenue for the quarter was up 9.8% compared to the same quarter last year. On average, equities analysts predict that The Toronto-Dominion Bank will post 5.84 earnings per share for the current fiscal year.

Toronto-Dominion Bank Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be given 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 dividend yield of 4.63%. Toronto-Dominion Bank’s dividend payout ratio is currently 68.64%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. National Bank Financial upgraded shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research note on Thursday, August 22nd. UBS Group assumed coverage on shares of Toronto-Dominion Bank in a research note on Tuesday, July 2nd. They issued a “neutral” rating for the company. 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 analyst has rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $84.00.

About Toronto-Dominion Bank

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.