Rational Advisors LLC held its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) during the second quarter, Holdings Channel reports. The fund owned 3,778 shares of the bank’s stock at the end of the second quarter. Rational Advisors LLC’s holdings in Toronto Dominion Bank (The) were worth $190,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Meeder Asset Management Inc. increased its stake in shares of 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 valued at $110,000 after buying an additional 444 shares during the last quarter. Pinnacle Bank acquired a new stake in shares of Toronto Dominion Bank (The) during the first quarter valued at $110,000. Cornerstone Advisors Inc. increased its stake in shares of Toronto Dominion Bank (The) by 5.2% in the second quarter. Cornerstone Advisors Inc. now owns 2,319 shares of the bank’s stock valued at $117,000 after buying an additional 114 shares during the last quarter. Cribstone Capital Management LLC increased its stake in shares of 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 valued at $118,000 after buying an additional 752 shares during the last quarter. Finally, Baystate Wealth Management LLC acquired a new stake in shares of Toronto Dominion Bank (The) during the second quarter valued at $121,000. Hedge funds and other institutional investors own 52.43% of the company’s stock.

Shares of Toronto Dominion Bank (NYSE:TD) opened at 50.36 on Tuesday. Toronto Dominion Bank has a 52-week low of $43.09 and a 52-week high of $54.44. The stock has a 50 day moving average price of $50.95 and a 200-day moving average price of $49.81. The firm has a market cap of $92.83 billion, a PE ratio of 12.49 and a beta of 0.89.

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last posted 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 firm had revenue of $8.47 billion for the quarter, compared to analyst estimates of $8.72 billion. Toronto Dominion Bank (The) had a return on equity of 14.09% and a net margin of 22.56%. Toronto Dominion Bank (The)’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.20 earnings per share. On average, equities analysts anticipate that Toronto Dominion Bank will post $4.18 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Monday, July 10th were issued a $0.444 dividend. This represents a $1.78 annualized dividend and a yield of 3.53%. The ex-dividend date was Thursday, July 6th. Toronto Dominion Bank (The)’s dividend payout ratio (DPR) is presently 48.18%.

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Several brokerages have recently weighed in on TD. Zacks Investment Research upgraded 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, August 9th. BidaskClub downgraded Toronto Dominion Bank (The) from a “buy” rating to a “hold” rating in a report on Friday, July 28th. National Bank Financial restated a “sector perform overweight” rating on shares of Toronto Dominion Bank (The) in a report on Thursday, May 18th. Canaccord Genuity assumed coverage on Toronto Dominion Bank (The) in a report on Tuesday, July 18th. They set a “buy” rating on the stock. Finally, Barclays PLC upgraded Toronto Dominion Bank (The) from an “underweight” rating to an “equal weight” rating in a report on Tuesday, May 23rd. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average 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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