Cumberland Partners Ltd boosted its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 0.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 623,689 shares of the bank’s stock after buying an additional 800 shares during the period. Toronto Dominion Bank (The) accounts for about 4.4% of Cumberland Partners Ltd’s investment portfolio, making the stock its 5th largest position. Cumberland Partners Ltd’s holdings in Toronto Dominion Bank (The) were worth $31,394,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes 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 valued at $2,937,432,000 after buying an additional 534,356 shares during the last quarter. TD Asset Management Inc. increased its position in Toronto Dominion Bank (The) by 2.3% in the second quarter. TD Asset Management Inc. now owns 52,854,789 shares of the bank’s stock valued at $2,659,630,000 after buying an additional 1,177,451 shares during the last quarter. 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 valued at $1,979,418,000 after buying an additional 1,771,723 shares during the last quarter. 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 valued at $620,288,000 after buying an additional 125,448 shares during the last quarter. 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 valued at $333,462,000 after buying an additional 2,106,791 shares during the last quarter. 52.41% of the stock is owned by hedge funds and other institutional investors.

Shares of Toronto Dominion Bank (NYSE:TD) opened at 50.06 on Friday. The firm has a market cap of $92.28 billion, a PE ratio of 12.41 and a beta of 0.89. The stock’s 50 day moving average price is $50.90 and its 200 day moving average price is $49.86. 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 earnings results on Thursday, May 25th. The bank reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.08. Toronto Dominion Bank (The) had a net margin of 22.56% and a return on equity of 14.09%. The company had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $8.72 billion. During the same period in the previous year, the business earned $1.20 EPS. The company’s revenue was up 2.6% on a year-over-year basis. On average, equities research analysts predict that Toronto Dominion Bank will post $4.19 EPS for the current fiscal year.

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

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TD has been the subject of several recent research reports. Zacks Investment Research downgraded Toronto Dominion Bank (The) from a “hold” rating to a “sell” rating in a research report on Thursday, May 4th. National Bank Financial reissued a “sector perform overweight” rating on shares of Toronto Dominion Bank (The) in a research report on Thursday, May 18th. Barclays PLC raised Toronto Dominion Bank (The) from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, May 23rd. Royal Bank Of Canada raised their price target on Toronto Dominion Bank (The) from $68.00 to $70.00 and gave the stock a “sector perform” rating in a research report on Friday, May 26th. Finally, BidaskClub raised Toronto Dominion Bank (The) from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company 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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