K.J. Harrison & Partners Inc increased its stake in shares of The Toronto-Dominion Bank (NYSE:TD) by 11.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 95,944 shares of the company’s stock after buying an additional 9,862 shares during the period. The Toronto-Dominion Bank accounts for about 2.2% of K.J. Harrison & Partners Inc’s holdings, making the stock its 5th largest position. K.J. Harrison & Partners Inc’s holdings in The Toronto-Dominion Bank were worth $4,092,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. First National Bank of Mount Dora Trust Investment Services boosted its position in The Toronto-Dominion Bank by 0.4% in the second quarter. First National Bank of Mount Dora Trust Investment Services now owns 20,966 shares of the company’s stock valued at $900,000 after buying an additional 86 shares during the last quarter. Stockman Asset Management raised its position in The Toronto-Dominion Bank by 3.9% in the first quarter. Stockman Asset Management now owns 5,350 shares of the company’s stock valued at $231,000 after buying an additional 200 shares during the period. Albert D Mason Inc. raised its position in The Toronto-Dominion Bank by 0.4% in the second quarter. Albert D Mason Inc. now owns 62,202 shares of the company’s stock valued at $2,670,000 after buying an additional 225 shares during the period. Eagle Ridge Investment Management raised its position in The Toronto-Dominion Bank by 0.4% in the second quarter. Eagle Ridge Investment Management now owns 77,130 shares of the company’s stock valued at $3,311,000 after buying an additional 270 shares during the period. Finally, M&T Bank Corp raised its position in The Toronto-Dominion Bank by 3.8% in the first quarter. M&T Bank Corp now owns 15,529 shares of the company’s stock valued at $669,000 after buying an additional 565 shares during the period. 51.77% of the stock is currently owned by hedge funds and other institutional investors.

The Toronto-Dominion Bank (NYSE:TD) traded up 1.24% during mid-day trading on Wednesday, hitting $44.15. 1,224,394 shares of the company traded hands. The company has a market capitalization of $81.89 billion, a price-to-earnings ratio of 13.12 and a beta of 0.98. The Toronto-Dominion Bank has a one year low of $33.49 and a one year high of $45.98. The company’s 50-day moving average price is $44.14 and its 200 day moving average price is $43.44.

The Toronto-Dominion Bank (NYSE:TD) last issued its quarterly earnings results on Thursday, August 25th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.06. The business had revenue of $8.70 billion for the quarter. The Toronto-Dominion Bank had a net margin of 21.02% and a return on equity of 13.56%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the company earned $1.20 EPS. On average, analysts anticipate that The Toronto-Dominion Bank will post $3.68 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Friday, October 7th will be issued a dividend of $0.4249 per share. This is a boost from The Toronto-Dominion Bank’s previous quarterly dividend of $0.42. This represents a $1.70 annualized dividend and a yield of 3.85%. The ex-dividend date is Wednesday, October 5th. The Toronto-Dominion Bank’s payout ratio is currently 50.45%.

Several research firms have recently weighed in on TD. Dundee Securities began coverage on shares of The Toronto-Dominion Bank in a research report on Wednesday. They set a “buy” rating for the company. Citigroup Inc. raised their price objective on shares of The Toronto-Dominion Bank from $65.00 to $67.00 and gave the company a “buy” rating in a research report on Wednesday, September 14th. Zacks Investment Research upgraded shares of The Toronto-Dominion Bank from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Tuesday, August 30th. TD Securities restated a “buy” rating and set a $64.00 price objective (up previously from $61.00) on shares of The Toronto-Dominion Bank in a research report on Monday, August 29th. Finally, CIBC lowered shares of The Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, August 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $56.88.

About The Toronto-Dominion Bank

The Toronto-Dominion Bank (the Bank) operates as a bank in North America. The Bank conducts its business through segments, such as Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. Canadian Retail provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses, including credit cards, auto finance, wealth and insurance businesses.

5 Day Chart for NYSE:TD

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