Tetrem Capital Management Ltd. lessened its stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 0.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,029,093 shares of the bank’s stock after selling 9,525 shares during the quarter. Toronto Dominion Bank (The) makes up about 4.4% of Tetrem Capital Management Ltd.’s portfolio, making the stock its 3rd biggest holding. Tetrem Capital Management Ltd. owned 0.11% of Toronto Dominion Bank (The) worth $101,870,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of TD. Canada Pension Plan Investment Board grew its holdings in shares of Toronto Dominion Bank (The) by 3,364.0% during the second quarter. Canada Pension Plan Investment Board now owns 2,899,388 shares of the bank’s stock worth $145,896,000 after buying an additional 2,815,688 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Toronto Dominion Bank (The) by 4.7% during 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 in the last quarter. APG Asset Management N.V. grew its holdings in shares of Toronto Dominion Bank (The) by 49.0% during the second quarter. APG Asset Management N.V. now owns 4,140,236 shares of the bank’s stock worth $270,564,000 after buying an additional 1,361,503 shares in the last quarter. OMERS ADMINISTRATION Corp grew its holdings in shares of Toronto Dominion Bank (The) by 75.2% during the first quarter. OMERS ADMINISTRATION Corp now owns 3,150,300 shares of the bank’s stock worth $157,344,000 after buying an additional 1,352,300 shares in the last quarter. Finally, TD Asset Management Inc. grew its holdings in shares of Toronto Dominion Bank (The) by 2.3% during the second quarter. TD Asset Management Inc. now owns 52,854,789 shares of the bank’s stock worth $2,659,630,000 after buying an additional 1,177,451 shares in the last quarter. 47.70% of the stock is owned by institutional investors.

TD has been the subject of a number of research reports. Royal Bank Of Canada upped their target price on shares of Toronto Dominion Bank (The) from $68.00 to $70.00 and gave the stock a “sector perform” rating in a report on Friday, May 26th. Canaccord Genuity initiated coverage on shares of Toronto Dominion Bank (The) in a report on Tuesday, July 18th. They set a “buy” rating for the company. BidaskClub raised shares of Toronto Dominion Bank (The) from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. National Bank Financial raised shares of Toronto Dominion Bank (The) from a “sector perform” rating to an “outperform” rating in a report on Friday, September 1st. Finally, Barclays PLC raised shares of Toronto Dominion Bank (The) from an “underweight” rating to an “equal weight” rating in a report on Tuesday, May 23rd. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Toronto Dominion Bank (The) currently has an average rating of “Buy” and an average price target of $64.75.

TRADEMARK VIOLATION WARNING: This piece was originally posted by Daily Political and is owned by of Daily Political. If you are viewing this piece on another domain, it was stolen and republished in violation of United States & international trademark & copyright law. The correct version of this piece can be accessed at https://www.dailypolitical.com/2017/09/19/tetrem-capital-management-ltd-has-101-87-million-position-in-toronto-dominion-bank-the-td.html.

Shares of Toronto Dominion Bank (NYSE TD) traded up 0.26% on Tuesday, hitting $55.04. 346,660 shares of the stock traded hands. The company has a market cap of $101.75 billion, a PE ratio of 13.05 and a beta of 0.88. The firm’s 50 day moving average is $52.25 and its 200-day moving average is $49.93. Toronto Dominion Bank has a 12 month low of $43.31 and a 12 month high of $55.52.

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last announced its quarterly earnings results on Thursday, August 31st. The bank reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.06. Toronto Dominion Bank (The) had a return on equity of 14.71% and a net margin of 22.85%. The business had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.05 billion. During the same quarter last year, the business posted $1.27 earnings per share. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. Equities analysts predict that Toronto Dominion Bank will post $4.55 earnings per share for the current year.

Toronto Dominion Bank (The) declared that its Board of Directors has authorized a share repurchase plan on Thursday, August 31st that permits the company to repurchase 20,000,000 shares. This repurchase authorization permits the bank to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, October 6th will be given a $0.475 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.46%. This is a boost from Toronto Dominion Bank (The)’s previous quarterly dividend of $0.44. Toronto Dominion Bank (The)’s dividend payout ratio (DPR) is currently 46.37%.

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.

Want to see what other hedge funds are holding TD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD).

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

Receive News & Ratings for Toronto Dominion Bank (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toronto Dominion Bank (The) and related companies with MarketBeat.com's FREE daily email newsletter.