Conning Inc. decreased its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 30.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,655 shares of the bank’s stock after selling 2,475 shares during the period. Conning Inc.’s holdings in Toronto Dominion Bank (The) were worth $285,000 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 TD. Dubuque Bank & Trust Co. bought a new stake in Toronto Dominion Bank (The) during the first quarter valued at about $172,000. Rockefeller Financial Services Inc. raised its stake in Toronto Dominion Bank (The) by 314.3% in the first quarter. Rockefeller Financial Services Inc. now owns 36,473 shares of the bank’s stock valued at $1,827,000 after buying an additional 27,670 shares during the last quarter. British Columbia Investment Management Corp raised its stake in Toronto Dominion Bank (The) by 0.8% in the first quarter. British Columbia Investment Management Corp now owns 287,028 shares of the bank’s stock valued at $10,780,000 after buying an additional 2,300 shares during the last quarter. Covenant Asset Management LLC raised its stake in Toronto Dominion Bank (The) by 7.9% in the second quarter. Covenant Asset Management LLC now owns 16,627 shares of the bank’s stock valued at $838,000 after buying an additional 1,215 shares during the last quarter. Finally, World Asset Management Inc raised its stake in Toronto Dominion Bank (The) by 1.5% in the first quarter. World Asset Management Inc now owns 115,629 shares of the bank’s stock valued at $5,792,000 after buying an additional 1,699 shares during the last quarter. Institutional investors and hedge funds own 52.43% of the company’s stock.

Shares of Toronto Dominion Bank (NYSE TD) opened at 50.65 on Monday. Toronto Dominion Bank has a 52 week low of $43.09 and a 52 week high of $54.44. The company has a market capitalization of $93.37 billion, a price-to-earnings ratio of 12.71 and a beta of 0.89. The company’s 50 day moving average price is $51.02 and its 200-day moving average price is $49.80.

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last issued its quarterly earnings data on Thursday, May 25th. The bank reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.08. The company 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%. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.20 earnings per share. Analysts anticipate that Toronto Dominion Bank will post $4.20 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Monday, July 10th were given a $0.444 dividend. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $1.78 annualized dividend and a yield of 3.51%. Toronto Dominion Bank (The)’s payout ratio is 48.18%.

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TD has been the subject of several analyst reports. Zacks Investment Research lowered Toronto Dominion Bank (The) from a “hold” rating to a “sell” rating in a research note on Thursday, May 4th. 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 research note on Friday, May 26th. BidaskClub raised Toronto Dominion Bank (The) from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Barclays PLC raised Toronto Dominion Bank (The) from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, May 23rd. Finally, Canaccord Genuity initiated coverage on Toronto Dominion Bank (The) in a research note on Tuesday, July 18th. They issued a “buy” rating for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target 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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