First National Bank of Mount Dora Trust Investment Services raised its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 1.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,541 shares of the bank’s stock after buying an additional 200 shares during the period. First National Bank of Mount Dora Trust Investment Services’ holdings in Toronto Dominion Bank (The) were worth $1,035,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. 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 last quarter. 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 last quarter. 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 last quarter. 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 last quarter. 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 last quarter. Hedge funds and other institutional investors own 53.46% of the company’s stock.

Toronto Dominion Bank (NYSE TD) traded up 0.49% during midday trading on Friday, hitting $51.55. The company had a trading volume of 872,928 shares. The company has a market capitalization of $95.03 billion, a P/E ratio of 13.25 and a beta of 0.89. The stock has a 50 day moving average price of $48.07 and a 200 day moving average price of $49.66. Toronto Dominion Bank has a 52 week low of $42.75 and a 52 week high of $54.44.

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last posted its quarterly earnings results on Thursday, May 25th. The bank reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.08. The firm had revenue of $8.47 billion during 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 for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.20 earnings per share. Equities analysts forecast that Toronto Dominion Bank will post $4.19 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Monday, July 10th will be issued a $0.444 dividend. The ex-dividend date is Thursday, July 6th. This represents a $1.78 dividend on an annualized basis and a yield of 3.45%. Toronto Dominion Bank (The)’s dividend payout ratio (DPR) is presently 48.18%.

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A number of equities analysts recently weighed in on TD shares. BidaskClub raised Toronto Dominion Bank (The) from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Zacks Investment Research raised Toronto Dominion Bank (The) from a “sell” rating to a “hold” rating in a report on Thursday, June 1st. Royal Bank Of Canada raised their price objective on Toronto Dominion Bank (The) from $68.00 to $70.00 and gave the company a “sector perform” rating in a report on Friday, May 26th. Barclays PLC upgraded Toronto Dominion Bank (The) from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, May 23rd. Finally, National Bank Financial restated a “sector perform overweight” rating on shares of Toronto Dominion Bank (The) in a research report on Thursday, May 18th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. Toronto Dominion Bank (The) has a consensus rating of “Hold” and an average price target of $61.71.

About Toronto Dominion Bank (The)

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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