Whittier Trust Co. of Nevada Inc. reduced its stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 1.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,532 shares of the bank’s stock after selling 100 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Toronto Dominion Bank (The) were worth $481,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. FMR LLC boosted its stake 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 period. TD Asset Management Inc. boosted its stake 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 valued at $2,581,058,000 after buying an additional 567,500 shares during the period. Vanguard Group Inc. boosted its stake 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 period. Beutel Goodman & Co Ltd. boosted its stake in Toronto Dominion Bank (The) by 4.0% in the first quarter. Beutel Goodman & Co Ltd. now owns 26,049,255 shares of the bank’s stock valued at $1,302,551,000 after buying an additional 1,005,230 shares during the period. Finally, Mawer Investment Management Ltd. boosted its stake 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 period. Institutional investors and hedge funds own 52.59% of the company’s stock.
Toronto Dominion Bank (TD) traded up 0.15% on Friday, hitting $52.11. The stock had a trading volume of 1,245,545 shares. The firm has a market capitalization of $96.06 billion, a price-to-earnings ratio of 13.13 and a beta of 0.89. The stock’s 50-day moving average is $49.76 and its 200 day moving average is $49.79. Toronto Dominion Bank has a 1-year low of $42.75 and a 1-year 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, beating analysts’ consensus estimates of $0.92 by $0.08. The firm had revenue of $8.47 billion during 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%. Toronto Dominion Bank (The)’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.20 earnings per share. On average, equities research analysts predict that Toronto Dominion Bank will post $4.23 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Monday, July 10th will be issued a $0.444 dividend. The ex-dividend date of this dividend is Thursday, July 6th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.41%. Toronto Dominion Bank (The)’s payout ratio is 48.18%.
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TD has been the subject of several research analyst reports. Barclays PLC upgraded Toronto Dominion Bank (The) from an “underweight” rating to an “equal weight” rating in a report on Tuesday, May 23rd. BidaskClub upgraded Toronto Dominion Bank (The) from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Canaccord Genuity initiated coverage on Toronto Dominion Bank (The) in a report on Tuesday. They issued a “buy” rating for the company. Zacks Investment Research upgraded Toronto Dominion Bank (The) from a “sell” rating to a “hold” rating in a report on Thursday, June 1st. Finally, National Bank Financial reiterated a “sector perform overweight” rating on shares of Toronto Dominion Bank (The) in a report on Thursday, May 18th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average 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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