Toronto Dominion Bank (The) $TD Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 3.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,658,144 shares of the bank’s stock after acquiring an additional 51,698 shares during the quarter. Bank of New York Mellon Corp owned 0.10% of Toronto Dominion Bank worth $121,791,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TD. Balanced Rock Investment Advisors LLC lifted its stake in Toronto Dominion Bank by 1.1% during the first quarter. Balanced Rock Investment Advisors LLC now owns 14,983 shares of the bank’s stock worth $898,000 after purchasing an additional 163 shares during the last quarter. Wright Investors Service Inc. increased its stake in Toronto Dominion Bank by 3.1% during the second quarter. Wright Investors Service Inc. now owns 5,827 shares of the bank’s stock valued at $428,000 after purchasing an additional 173 shares during the last quarter. Intrua Financial LLC raised its holdings in shares of Toronto Dominion Bank by 2.4% during the first quarter. Intrua Financial LLC now owns 7,812 shares of the bank’s stock worth $468,000 after purchasing an additional 183 shares during the period. Evergreen Capital Management LLC lifted its position in shares of Toronto Dominion Bank by 2.4% in the 1st quarter. Evergreen Capital Management LLC now owns 8,892 shares of the bank’s stock worth $533,000 after buying an additional 211 shares during the last quarter. Finally, Commons Capital LLC lifted its position in shares of Toronto Dominion Bank by 1.2% in the 2nd quarter. Commons Capital LLC now owns 18,117 shares of the bank’s stock worth $1,331,000 after buying an additional 213 shares during the last quarter. 52.37% of the stock is currently owned by institutional investors.

Toronto Dominion Bank Price Performance

Shares of NYSE:TD opened at $80.90 on Friday. The firm’s 50 day moving average is $79.09 and its two-hundred day moving average is $73.43. The firm has a market capitalization of $137.24 billion, a P/E ratio of 9.45, a PEG ratio of 1.68 and a beta of 0.79. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a 52 week low of $51.25 and a 52 week high of $82.88.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings data on Thursday, August 28th. The bank reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.45. Toronto Dominion Bank had a return on equity of 13.59% and a net margin of 16.40%.The business had revenue of $10.12 billion during the quarter, compared to the consensus estimate of $13.73 billion. During the same period in the previous year, the firm posted $2.05 earnings per share. The business’s revenue was up 7.9% on a year-over-year basis. Analysts anticipate that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 10th were issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 5.2%. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend was Friday, October 10th. Toronto Dominion Bank’s dividend payout ratio is 35.16%.

Analyst Ratings Changes

TD has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Wednesday, October 8th. Zacks Research downgraded Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Royal Bank Of Canada upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 3rd. Desjardins raised Toronto Dominion Bank from a “hold” rating to a “buy” rating in a report on Wednesday, August 13th. Finally, Wall Street Zen lowered Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Friday, September 26th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $93.00.

Toronto Dominion Bank Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.