Seaward Management Limited Partnership decreased its position in shares of The Toronto-Dominion Bank (NYSE:TD) by 2.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,068 shares of the company’s stock after selling 900 shares during the period. Seaward Management Limited Partnership’s holdings in The Toronto-Dominion Bank were worth $1,720,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in TD. MSI Financial Services Inc raised its position in The Toronto-Dominion Bank by 3.4% in the second quarter. MSI Financial Services Inc now owns 21,468 shares of the company’s stock worth $922,000 after buying an additional 710 shares during the last quarter. Highstreet Asset Management Inc. raised its position in The Toronto-Dominion Bank by 22.6% in the second quarter. Highstreet Asset Management Inc. now owns 325,549 shares of the company’s stock worth $13,975,000 after buying an additional 60,002 shares during the last quarter. Eagle Ridge Investment Management raised its position in The Toronto-Dominion Bank by 0.4% in the second quarter. Eagle Ridge Investment Management now owns 77,130 shares of the company’s stock worth $3,311,000 after buying an additional 270 shares during the last quarter. Checchi Capital Advisers LLC raised its position in The Toronto-Dominion Bank by 33.4% in the second quarter. Checchi Capital Advisers LLC now owns 6,425 shares of the company’s stock worth $276,000 after buying an additional 1,610 shares during the last quarter. Finally, Biondo Investment Advisors LLC raised its position in The Toronto-Dominion Bank by 12.9% in the second quarter. Biondo Investment Advisors LLC now owns 59,129 shares of the company’s stock worth $2,538,000 after buying an additional 6,740 shares during the last quarter. 51.77% of the stock is owned by institutional investors and hedge funds.

The Toronto-Dominion Bank (NYSE:TD) traded up 1.24% on Wednesday, reaching $44.15. 1,224,394 shares of the company’s stock traded hands. The stock’s 50 day moving average is $44.14 and its 200 day moving average is $43.44. The Toronto-Dominion Bank has a 52-week low of $33.49 and a 52-week high of $45.98. The firm has a market cap of $81.89 billion, a price-to-earnings ratio of 13.12 and a beta of 0.98.

The Toronto-Dominion Bank (NYSE:TD) last issued its earnings results on Thursday, August 25th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.06. The company had revenue of $8.70 billion for the quarter. The Toronto-Dominion Bank had a net margin of 21.02% and a return on equity of 13.56%. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period last year, the business posted $1.20 EPS. On average, equities research analysts predict that The Toronto-Dominion Bank will post $3.68 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Friday, October 7th will be paid a $0.4249 dividend. This represents a $1.70 annualized dividend and a dividend yield of 3.85%. The ex-dividend date is Wednesday, October 5th. This is a positive change from The Toronto-Dominion Bank’s previous quarterly dividend of $0.42. The Toronto-Dominion Bank’s dividend payout ratio (DPR) is 50.45%.

A number of analysts have recently weighed in on TD shares. Dundee Securities started coverage on shares of The Toronto-Dominion Bank in a research note on Wednesday. They issued a “buy” rating for the company. Citigroup Inc. increased their target price on shares of The Toronto-Dominion Bank from $65.00 to $67.00 and gave the company a “buy” rating in a research note on Wednesday, September 14th. Zacks Investment Research raised shares of The Toronto-Dominion Bank from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research note on Tuesday, August 30th. TD Securities reissued a “buy” rating and set a $64.00 target price (up from $61.00) on shares of The Toronto-Dominion Bank in a research note on Monday, August 29th. Finally, CIBC lowered shares of The Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research note on Friday, August 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $56.88.

About The Toronto-Dominion Bank

The Toronto-Dominion Bank (the Bank) operates as a bank in North America. The Bank conducts its business through segments, such as Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. Canadian Retail provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses, including credit cards, auto finance, wealth and insurance businesses.

5 Day Chart for NYSE:TD

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