Advisor Partners LLC Boosts Position in Toronto Dominion Bank (The) (NYSE:TD)

Advisor Partners LLC increased its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 2.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,140 shares of the bank’s stock after buying an additional 130 shares during the period. Advisor Partners LLC’s holdings in Toronto Dominion Bank (The) were worth $259,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Lowe Brockenbrough & Co. Inc. raised its stake in shares of Toronto Dominion Bank (The) by 0.3% in the first quarter. Lowe Brockenbrough & Co. Inc. now owns 8,910 shares of the bank’s stock worth $446,000 after buying an additional 30 shares during the last quarter. Johanson Financial Advisors Inc. raised its stake in shares of Toronto Dominion Bank (The) by 0.8% in the second quarter. Johanson Financial Advisors Inc. now owns 7,841 shares of the bank’s stock worth $394,000 after buying an additional 66 shares during the last quarter. Davis R M Inc. raised its stake in shares of Toronto Dominion Bank (The) by 0.6% in the first quarter. Davis R M Inc. now owns 15,372 shares of the bank’s stock worth $770,000 after buying an additional 88 shares during the last quarter. Cornerstone Advisors Inc. raised its stake in shares of Toronto Dominion Bank (The) by 5.2% in the second quarter. Cornerstone Advisors Inc. now owns 2,319 shares of the bank’s stock worth $117,000 after buying an additional 114 shares during the last quarter. Finally, Wright Investors Service Inc. raised its stake in shares of Toronto Dominion Bank (The) by 0.8% in the first quarter. Wright Investors Service Inc. now owns 18,585 shares of the bank’s stock worth $931,000 after buying an additional 150 shares during the last quarter. 52.41% of the stock is currently owned by institutional investors.

Toronto Dominion Bank (NYSE TD) opened at 50.11 on Friday. The company has a 50-day moving average price of $50.92 and a 200-day moving average price of $49.85. The firm has a market capitalization of $92.37 billion, a P/E ratio of 12.42 and a beta of 0.89. Toronto Dominion Bank has a 1-year low of $43.09 and a 1-year high of $54.44.

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, May 25th. The bank reported $1.00 EPS for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.08. The business had revenue of $8.47 billion during the quarter, compared to analyst estimates 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 for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.20 earnings per share. On average, equities research analysts predict that Toronto Dominion Bank will post $4.19 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Monday, July 10th were given a dividend of $0.444 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend was Thursday, July 6th. Toronto Dominion Bank (The)’s dividend payout ratio is currently 48.18%.

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A number of brokerages have recently issued reports on TD. Zacks Investment Research raised Toronto Dominion Bank (The) from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research report on Wednesday. BidaskClub lowered Toronto Dominion Bank (The) from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Canaccord Genuity began coverage on Toronto Dominion Bank (The) in a research report on Tuesday, July 18th. They set a “buy” rating on the stock. Royal Bank Of Canada lifted their target price 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, Barclays PLC raised Toronto Dominion Bank (The) from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, May 23rd. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company 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.

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

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