Tdam USA Inc. reduced its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 1.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 240,766 shares of the bank’s stock after selling 3,895 shares during the period. Tdam USA Inc.’s holdings in Toronto Dominion Bank (The) were worth $12,120,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pinnacle Bank acquired a new position in shares of Toronto Dominion Bank (The) during the first quarter valued at $110,000. Meeder Asset Management Inc. increased its position in shares of Toronto Dominion Bank (The) by 25.5% in the first quarter. Meeder Asset Management Inc. now owns 2,187 shares of the bank’s stock valued at $110,000 after buying an additional 444 shares during the period. Cornerstone Advisors Inc. increased its position in shares of Toronto Dominion Bank (The) by 5.2% in the second quarter. Cornerstone Advisors Inc. now owns 2,319 shares of the bank’s stock valued at $117,000 after buying an additional 114 shares during the period. Cribstone Capital Management LLC increased its position in shares of Toronto Dominion Bank (The) by 47.3% in the second quarter. Cribstone Capital Management LLC now owns 2,341 shares of the bank’s stock valued at $118,000 after buying an additional 752 shares during the period. Finally, Baystate Wealth Management LLC acquired a new position in shares of Toronto Dominion Bank (The) during the second quarter valued at $121,000. Institutional investors and hedge funds own 52.41% of the company’s stock.

Shares of Toronto Dominion Bank (TD) opened at 50.76 on Monday. The firm has a market cap of $93.57 billion, a PE ratio of 12.64 and a beta of 0.89. The firm’s 50-day moving average price is $50.57 and its 200-day moving average price is $49.83. Toronto Dominion Bank has a 12 month low of $42.75 and a 12 month high of $54.44.

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last issued its quarterly earnings data on Thursday, May 25th. The bank reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.08. The company had revenue of $8.47 billion for the quarter, compared to analyst estimates of $8.72 billion. Toronto Dominion Bank (The) had a return on equity of 14.09% and a net margin of 22.56%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.20 earnings per share. Analysts expect that Toronto Dominion Bank will post $4.23 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Monday, July 10th were issued a dividend of $0.444 per share. This represents a $1.78 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend was Thursday, July 6th. Toronto Dominion Bank (The)’s payout ratio is 48.18%.

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Several research analysts recently weighed in on TD shares. Zacks Investment Research downgraded Toronto Dominion Bank (The) from a “hold” rating to a “sell” rating in a research note on Thursday, May 4th. National Bank Financial restated a “sector perform overweight” rating on shares of Toronto Dominion Bank (The) in a research note on Thursday, May 18th. Barclays PLC upgraded Toronto Dominion Bank (The) from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, May 23rd. Royal Bank Of Canada boosted their target price on Toronto Dominion Bank (The) from $68.00 to $70.00 and gave the stock a “sector perform” rating in a research note on Friday, May 26th. Finally, BidaskClub upgraded Toronto Dominion Bank (The) from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $61.71.

Toronto Dominion Bank (The) Company Profile

Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.

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

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