Advisor Partners LLC raised its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 2.6% during the second quarter, Holdings Channel reports. The fund owned 5,140 shares of the bank’s stock after buying an additional 130 shares during the period. Advisor Partners LLC’s holdings in Toronto Dominion Bank (The) were worth $259,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Acadian Asset Management LLC boosted its stake in Toronto Dominion Bank (The) by 46.1% in the first quarter. Acadian Asset Management LLC now owns 6,676,336 shares of the bank’s stock worth $333,462,000 after buying an additional 2,106,791 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 worth $1,979,418,000 after buying an additional 1,771,723 shares during the last quarter. APG Asset Management N.V. boosted its stake in Toronto Dominion Bank (The) by 49.0% in the second quarter. APG Asset Management N.V. now owns 4,140,236 shares of the bank’s stock worth $270,564,000 after buying an additional 1,361,503 shares during the last quarter. OMERS ADMINISTRATION Corp boosted its stake in Toronto Dominion Bank (The) by 75.2% in the first quarter. OMERS ADMINISTRATION Corp now owns 3,150,300 shares of the bank’s stock worth $157,344,000 after buying an additional 1,352,300 shares during the last quarter. Finally, TD Asset Management Inc. boosted its stake in Toronto Dominion Bank (The) by 2.3% in the second quarter. TD Asset Management Inc. now owns 52,854,789 shares of the bank’s stock worth $2,659,630,000 after buying an additional 1,177,451 shares during the last quarter. 52.41% of the stock is currently owned by institutional investors and hedge funds.

Shares of Toronto Dominion Bank (NYSE TD) opened at 50.11 on Friday. The company has a market capitalization of $92.37 billion, a PE ratio of 12.42 and a beta of 0.89. Toronto Dominion Bank has a 52 week low of $43.09 and a 52 week high of $54.44. The firm’s 50-day moving average is $50.92 and its 200 day moving average is $49.85.

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, May 25th. The bank reported $1.00 EPS for the quarter, beating the consensus estimate of $0.92 by $0.08. The company 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 business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.20 EPS. On average, analysts anticipate that Toronto Dominion Bank will post $4.19 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Monday, July 10th were given a $0.444 dividend. This represents a $1.78 annualized dividend and a dividend yield of 3.54%. The ex-dividend date was Thursday, July 6th. Toronto Dominion Bank (The)’s payout ratio is presently 48.18%.

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A number of analysts recently weighed in on TD shares. Zacks Investment Research cut shares of Toronto Dominion Bank (The) from a “hold” rating to a “sell” rating in a research note on Thursday, May 4th. Royal Bank Of Canada upped their target price on shares of 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 shares of Toronto Dominion Bank (The) from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Barclays PLC raised shares of Toronto Dominion Bank (The) from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, May 23rd. Finally, Canaccord Genuity started coverage on shares of Toronto Dominion Bank (The) in a research note on Tuesday, July 18th. They issued a “buy” rating on the stock. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Toronto Dominion Bank (The) currently has a consensus rating of “Buy” and a consensus target price 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.

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Institutional Ownership by Quarter for Toronto Dominion Bank (The) (NYSE:TD)

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