K.J. Harrison & Partners Inc boosted its stake in The Toronto-Dominion Bank (NYSE:TD) by 11.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 95,944 shares of the company’s stock after buying an additional 9,862 shares during the period. The Toronto-Dominion Bank comprises approximately 2.2% of K.J. Harrison & Partners Inc’s investment portfolio, making the stock its 5th largest position. K.J. Harrison & Partners Inc’s holdings in The Toronto-Dominion Bank were worth $4,092,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in TD. NN Investment Partners Holdings N.V. purchased a new stake in shares of The Toronto-Dominion Bank during the first quarter valued at $101,665,000. Beutel Goodman & Co Ltd. boosted its stake in shares of The Toronto-Dominion Bank by 5.5% in the second quarter. Beutel Goodman & Co Ltd. now owns 26,288,956 shares of the company’s stock valued at $1,121,156,000 after buying an additional 1,359,600 shares in the last quarter. Montrusco Bolton Investments Inc. boosted its stake in shares of The Toronto-Dominion Bank by 28.3% in the second quarter. Montrusco Bolton Investments Inc. now owns 3,773,520 shares of the company’s stock valued at $161,203,000 after buying an additional 832,901 shares in the last quarter. UBS Group AG boosted its stake in shares of The Toronto-Dominion Bank by 11.2% in the first quarter. UBS Group AG now owns 8,160,373 shares of the company’s stock valued at $351,956,000 after buying an additional 818,651 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of The Toronto-Dominion Bank by 79.7% in the first quarter. Renaissance Technologies LLC now owns 1,202,300 shares of the company’s stock valued at $51,865,000 after buying an additional 533,100 shares in the last quarter. 51.77% of the stock is owned by hedge funds and other institutional investors.

The Toronto-Dominion Bank (NYSE:TD) traded up 1.24% during trading on Wednesday, reaching $44.15. The company’s stock had a trading volume of 1,224,394 shares. The stock has a market cap of $81.89 billion, a PE ratio of 13.12 and a beta of 0.98. The Toronto-Dominion Bank has a 12 month low of $33.49 and a 12 month high of $45.98. The company’s 50-day moving average is $44.14 and its 200-day moving average is $43.44.

The Toronto-Dominion Bank (NYSE:TD) last issued its quarterly earnings data on Thursday, August 25th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.06. The Toronto-Dominion Bank had a return on equity of 13.56% and a net margin of 21.02%. The company earned $8.70 billion during the quarter. During the same quarter last year, the business earned $1.20 earnings per share. The Toronto-Dominion Bank’s revenue was up 8.7% compared to the same quarter last year. Equities analysts expect that The Toronto-Dominion Bank will post $3.68 EPS for the current fiscal year.

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

TD has been the subject of a number of recent analyst reports. Barclays PLC reaffirmed an “underweight” rating and issued a $55.00 price target (up from $51.00) on shares of The Toronto-Dominion Bank in a research note on Sunday, August 21st. BMO Capital Markets reaffirmed a “buy” rating on shares of The Toronto-Dominion Bank in a research note on Wednesday, July 6th. Bank of America Corp. reaffirmed a “buy” rating on shares of The Toronto-Dominion Bank in a research note on Tuesday, July 12th. Citigroup Inc. upped their price target on 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. Finally, CIBC cut 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 given a hold rating and ten have issued a buy rating to the company’s stock. The Toronto-Dominion Bank currently has an average rating of “Buy” and a consensus 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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