Arrow Financial Corp increased its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 25.1% during the second quarter, Holdings Channel reports. The institutional investor owned 4,016 shares of the bank’s stock after buying an additional 806 shares during the period. Arrow Financial Corp’s holdings in Toronto Dominion Bank (The) were worth $202,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. Dubuque Bank & Trust Co. acquired a new position in shares of Toronto Dominion Bank (The) during the first quarter worth about $172,000. Rockefeller Financial Services Inc. increased its position in shares of 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 worth $1,827,000 after buying an additional 27,670 shares during the last quarter. British Columbia Investment Management Corp increased its position in shares of 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 worth $10,780,000 after buying an additional 2,300 shares during the last quarter. Covenant Asset Management LLC increased its position in shares of 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 worth $838,000 after buying an additional 1,215 shares during the last quarter. Finally, Johanson Financial Advisors Inc. acquired a new position in shares of Toronto Dominion Bank (The) during the first quarter worth about $391,000. 52.41% of the stock is currently owned by hedge funds and other institutional investors.

Toronto Dominion Bank (NYSE:TD) opened at 50.73 on Thursday. The firm has a 50-day moving average price of $50.86 and a 200-day moving average price of $49.86. Toronto Dominion Bank has a 12-month low of $43.09 and a 12-month high of $54.44. The company has a market cap of $93.52 billion, a P/E ratio of 12.63 and a beta of 0.89.

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last issued its quarterly earnings results on Thursday, May 25th. The bank reported $1.00 EPS for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.08. Toronto Dominion Bank (The) had a return on equity of 14.09% and a net margin of 22.56%. The company had revenue of $8.47 billion during the quarter, compared to analysts’ expectations of $8.72 billion. During the same quarter in the previous year, the firm posted $1.20 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year. On average, analysts forecast that Toronto Dominion Bank will post $4.19 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Monday, July 10th were given a dividend of $0.444 per share. The ex-dividend date was Thursday, July 6th. This represents a $1.78 dividend on an annualized basis and a yield of 3.50%. Toronto Dominion Bank (The)’s dividend payout ratio is currently 48.18%.

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A number of research analysts have recently issued reports on TD shares. Zacks Investment Research raised Toronto Dominion Bank (The) from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a report on Wednesday. Canaccord Genuity started coverage on Toronto Dominion Bank (The) in a report on Tuesday, July 18th. They set a “buy” rating on the stock. BidaskClub raised Toronto Dominion Bank (The) from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Barclays PLC raised Toronto Dominion Bank (The) from an “underweight” rating to an “equal weight” rating in a report on Tuesday, May 23rd. Finally, Royal Bank Of Canada upped their price target on Toronto Dominion Bank (The) from $68.00 to $70.00 and gave the company a “sector perform” rating in a report on Friday, May 26th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Toronto Dominion Bank (The) has a consensus 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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