Canada Pension Plan Investment Board raised its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 3,364.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,899,388 shares of the bank’s stock after buying an additional 2,815,688 shares during the period. Canada Pension Plan Investment Board’s holdings in Toronto Dominion Bank (The) were worth $145,896,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC raised its position in Toronto Dominion Bank (The) by 0.9% in the first quarter. FMR LLC now owns 58,644,995 shares of the bank’s stock worth $2,937,432,000 after buying an additional 534,356 shares in the last quarter. TD Asset Management Inc. raised its position 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 in the last quarter. Vanguard Group Inc. raised its position 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 in the last quarter. Beutel Goodman & Co Ltd. raised its position in Toronto Dominion Bank (The) by 4.0% in the first quarter. Beutel Goodman & Co Ltd. now owns 26,049,255 shares of the bank’s stock worth $1,302,551,000 after buying an additional 1,005,230 shares in the last quarter. Finally, Mawer Investment Management Ltd. raised its position in Toronto Dominion Bank (The) by 1.8% in the first quarter. Mawer Investment Management Ltd. now owns 7,175,238 shares of the bank’s stock worth $620,288,000 after buying an additional 125,448 shares in the last quarter. Institutional investors and hedge funds own 52.41% of the company’s stock.

Toronto Dominion Bank (NYSE TD) opened at 50.73 on Thursday. The stock has a market capitalization of $93.52 billion, a price-to-earnings ratio of 12.63 and a beta of 0.89. The stock’s 50 day moving average is $50.86 and its 200-day moving average is $49.86. Toronto Dominion Bank has a 52-week low of $43.09 and a 52-week high of $54.44.

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, May 25th. The bank reported $1.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.08. The firm 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 company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.20 earnings per share. Equities research analysts anticipate that Toronto Dominion Bank will post $4.19 EPS for the current fiscal year.

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

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TD has been the subject of a number of recent research reports. Barclays PLC upgraded shares of Toronto Dominion Bank (The) from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, May 23rd. BidaskClub upgraded shares of Toronto Dominion Bank (The) from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Canaccord Genuity assumed coverage on shares of Toronto Dominion Bank (The) in a research note on Tuesday, July 18th. They issued a “buy” rating for the company. Zacks Investment Research lowered shares of Toronto Dominion Bank (The) from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, National Bank Financial restated a “sector perform overweight” rating on shares of Toronto Dominion Bank (The) in a research report on Thursday, May 18th. Five investment 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) presently has a consensus rating of “Buy” and an average 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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