Janney Montgomery Scott LLC boosted its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 9.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,176 shares of the bank’s stock after buying an additional 2,247 shares during the period. Janney Montgomery Scott LLC’s holdings in Toronto Dominion Bank (The) were worth $1,319,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the stock. FMR LLC increased its position in Toronto Dominion Bank (The) by 0.9% in the first quarter. FMR LLC now owns 58,644,995 shares of the bank’s stock worth $2,937,432,000 after buying an additional 534,356 shares during the period. TD Asset Management Inc. increased its position in Toronto Dominion Bank (The) by 1.1% in the first quarter. TD Asset Management Inc. now owns 51,677,338 shares of the bank’s stock worth $2,581,058,000 after buying an additional 567,500 shares during the period. Vanguard Group Inc. increased its position in Toronto Dominion Bank (The) by 4.7% in the first quarter. Vanguard Group Inc. now owns 39,517,247 shares of the bank’s stock worth $1,979,418,000 after buying an additional 1,771,723 shares during the period. Mawer Investment Management Ltd. increased its position in Toronto Dominion Bank (The) by 1.8% in the first quarter. Mawer Investment Management Ltd. now owns 7,175,238 shares of the bank’s stock worth $620,288,000 after buying an additional 125,448 shares during the period. Finally, Acadian Asset Management LLC increased its position in Toronto Dominion Bank (The) by 46.1% in the first quarter. Acadian Asset Management LLC now owns 6,676,336 shares of the bank’s stock worth $333,462,000 after buying an additional 2,106,791 shares during the period. 52.41% of the stock is currently owned by institutional investors.

Toronto Dominion Bank (NYSE TD) opened at 50.06 on Friday. Toronto Dominion Bank has a 52-week low of $43.09 and a 52-week high of $54.44. The firm has a market capitalization of $92.28 billion, a P/E ratio of 12.41 and a beta of 0.89. The firm’s 50-day moving average is $50.90 and its 200 day moving average is $49.86.

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last posted its quarterly earnings data on Thursday, May 25th. The bank reported $1.00 EPS for the quarter, beating the consensus estimate of $0.92 by $0.08. The business had revenue of $8.47 billion for the quarter, compared to analysts’ expectations of $8.72 billion. Toronto Dominion Bank (The) had a net margin of 22.56% and a return on equity of 14.09%. The firm’s revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.20 EPS. Equities analysts anticipate that Toronto Dominion Bank will post $4.19 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Monday, July 10th were given a $0.444 dividend. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $1.78 annualized dividend and a yield of 3.55%. Toronto Dominion Bank (The)’s dividend payout ratio is currently 48.18%.

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A number of equities analysts have recently weighed in on TD shares. Barclays PLC raised shares of Toronto Dominion Bank (The) from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, May 23rd. BidaskClub raised shares of Toronto Dominion Bank (The) from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Canaccord Genuity started coverage on shares of Toronto Dominion Bank (The) in a research note on Tuesday, July 18th. They issued a “buy” rating on the stock. Zacks Investment Research downgraded shares of Toronto Dominion Bank (The) from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, National Bank Financial reaffirmed a “sector perform overweight” rating on shares of Toronto Dominion Bank (The) in a research note on Thursday, May 18th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average 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.

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

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