Newman Dignan & Sheerar Inc. decreased its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 10.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,625 shares of the bank’s stock after selling 1,125 shares during the period. Newman Dignan & Sheerar Inc.’s holdings in Toronto Dominion Bank (The) were worth $485,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TD. Parallel Advisors LLC raised its stake in Toronto Dominion Bank (The) by 10.0% in the second quarter. Parallel Advisors LLC now owns 2,151 shares of the bank’s stock worth $111,000 after buying an additional 196 shares during the last quarter. Meeder Asset Management Inc. raised its stake in Toronto Dominion Bank (The) by 25.5% in the first quarter. Meeder Asset Management Inc. now owns 2,187 shares of the bank’s stock worth $110,000 after buying an additional 444 shares during the last quarter. Cornerstone Advisors Inc. raised its stake in Toronto Dominion Bank (The) by 5.2% in the second quarter. Cornerstone Advisors Inc. now owns 2,319 shares of the bank’s stock worth $117,000 after buying an additional 114 shares during the last quarter. Cribstone Capital Management LLC raised its stake in Toronto Dominion Bank (The) by 47.3% in the second quarter. Cribstone Capital Management LLC now owns 2,341 shares of the bank’s stock worth $118,000 after buying an additional 752 shares during the last quarter. Finally, Baystate Wealth Management LLC acquired a new stake in Toronto Dominion Bank (The) during the second quarter worth approximately $121,000. 47.85% of the stock is owned by institutional investors.

Toronto Dominion Bank (NYSE:TD) opened at 53.43 on Thursday. The stock has a 50 day moving average price of $51.13 and a 200-day moving average price of $49.80. Toronto Dominion Bank has a 1-year low of $43.09 and a 1-year high of $54.44. The stock has a market capitalization of $98.49 billion, a P/E ratio of 13.39 and a beta of 0.89.

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last posted its quarterly earnings data on Thursday, August 31st. The bank reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.51. The company had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.05 billion. Toronto Dominion Bank (The) had a net margin of 22.56% and a return on equity of 14.09%. Toronto Dominion Bank (The)’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.27 earnings per share. Equities research analysts expect that Toronto Dominion Bank will post $4.28 EPS for the current year.

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A number of research firms have commented on TD. BidaskClub raised Toronto Dominion Bank (The) from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Zacks Investment Research lowered Toronto Dominion Bank (The) from a “hold” rating to a “sell” rating in a report on Thursday, May 4th. Royal Bank Of Canada lifted their target price on Toronto Dominion Bank (The) from $68.00 to $70.00 and gave the stock a “sector perform” rating in a report on Friday, May 26th. Scotiabank raised Toronto Dominion Bank (The) from a “sector perform” rating to an “outperform” rating in a report on Monday, August 21st. Finally, Howard Weil raised Toronto Dominion Bank (The) to an “outperform” rating in a report on Monday, August 21st. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $63.50.

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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