Rothschild Asset Management Inc. increased its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 2.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 44,231 shares of the bank’s stock after buying an additional 1,058 shares during the period. Rothschild Asset Management Inc.’s holdings in Toronto Dominion Bank (The) were worth $2,882,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TD. Candriam Luxembourg S.C.A. boosted its stake in Toronto Dominion Bank (The) by 11.5% in the first quarter. Candriam Luxembourg S.C.A. now owns 140,352 shares of the bank’s stock worth $7,010,000 after buying an additional 14,430 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV boosted its stake in Toronto Dominion Bank (The) by 2.3% in the first quarter. Hudson Valley Investment Advisors Inc. ADV now owns 24,521 shares of the bank’s stock worth $1,228,000 after buying an additional 550 shares in the last quarter. Raub Brock Capital Management LP boosted its stake in Toronto Dominion Bank (The) by 2.6% in the first quarter. Raub Brock Capital Management LP now owns 286,552 shares of the bank’s stock worth $14,353,000 after buying an additional 7,202 shares in the last quarter. Johanson Financial Advisors Inc. acquired a new stake in Toronto Dominion Bank (The) during the first quarter worth $391,000. Finally, Coastline Trust Co boosted its stake in Toronto Dominion Bank (The) by 2.8% in the first quarter. Coastline Trust Co now owns 88,610 shares of the bank’s stock worth $4,438,000 after buying an additional 2,400 shares in the last quarter. 52.41% of the stock is owned by institutional investors and hedge funds.

Toronto Dominion Bank (NYSE TD) opened at 50.91 on Wednesday. The firm has a 50-day moving average price of $50.74 and a 200-day moving average price of $49.85. The company has a market capitalization of $93.85 billion, a price-to-earnings ratio of 12.67 and a beta of 0.89. Toronto Dominion Bank has a 12 month low of $43.09 and a 12 month high of $54.44.

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $8.72 billion. Toronto Dominion Bank (The) had a net margin of 22.56% and a return on equity of 14.09%. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.20 earnings per share. On average, equities analysts anticipate that Toronto Dominion Bank will post $4.23 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Monday, July 10th were issued a dividend of $0.444 per share. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $1.78 annualized dividend and a dividend yield of 3.49%. Toronto Dominion Bank (The)’s dividend payout ratio (DPR) is presently 48.18%.

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A number of equities research analysts recently weighed in on the company. BidaskClub raised Toronto Dominion Bank (The) from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Barclays PLC raised Toronto Dominion Bank (The) from an “underweight” rating to an “equal weight” rating in a report on Tuesday, May 23rd. Zacks Investment Research raised Toronto Dominion Bank (The) from a “sell” rating to a “hold” rating in a report on Thursday, June 1st. Canaccord Genuity assumed coverage on Toronto Dominion Bank (The) in a report on Tuesday, July 18th. They set a “buy” rating for the company. Finally, National Bank Financial reaffirmed a “sector perform overweight” rating on shares of Toronto Dominion Bank (The) in a report on Thursday, May 18th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Toronto Dominion Bank (The) has a consensus rating of “Buy” and an average price target 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.

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

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