State of Wisconsin Investment Board boosted its stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 3.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,784,352 shares of the bank’s stock after buying an additional 84,000 shares during the period. State of Wisconsin Investment Board’s holdings in Toronto Dominion Bank (The) were worth $140,107,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Tompkins Financial Corp purchased a new stake in shares of Toronto Dominion Bank (The) during the first quarter valued at $206,000. Doyle Wealth Management bought a new position in Toronto Dominion Bank (The) during the first quarter worth $1,926,000. Pinnacle Bank bought a new position in Toronto Dominion Bank (The) during the first quarter worth $110,000. Farmers & Merchants Investments Inc. raised its position in Toronto Dominion Bank (The) by 7.7% in the first quarter. Farmers & Merchants Investments Inc. now owns 10,724 shares of the bank’s stock worth $537,000 after buying an additional 764 shares during the last quarter. Finally, Coastline Trust Co raised its position in Toronto Dominion Bank (The) by 2.8% in the first quarter. Coastline Trust Co now owns 88,610 shares of the bank’s stock worth $4,438,000 after buying an additional 2,400 shares during the last quarter. 52.43% of the stock is owned by institutional investors.

Toronto Dominion Bank (NYSE TD) opened at 50.36 on Tuesday. The stock has a market cap of $92.83 billion, a price-to-earnings ratio of 12.49 and a beta of 0.89. Toronto Dominion Bank has a one year low of $43.09 and a one year high of $54.44. The stock’s 50 day moving average price is $50.95 and its 200 day moving average price is $49.81.

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last posted its quarterly earnings data on Thursday, May 25th. The bank reported $1.00 EPS for the quarter, topping the 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 firm had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $8.72 billion. During the same quarter last year, the company earned $1.20 earnings per share. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. Equities analysts predict that Toronto Dominion Bank will post $4.18 earnings per share 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 given a dividend of $0.444 per share. This represents a $1.78 annualized dividend and a dividend yield of 3.53%. The ex-dividend date was Thursday, July 6th. Toronto Dominion Bank (The)’s dividend payout ratio is currently 48.18%.

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A number of research firms have weighed in 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 company a “sector perform” rating in a report on Friday, May 26th. National Bank Financial reaffirmed a “sector perform overweight” rating on shares of Toronto Dominion Bank (The) in a report on Thursday, May 18th. Finally, Canaccord Genuity began coverage on Toronto Dominion Bank (The) in a report on Tuesday, July 18th. They set a “buy” rating for the company. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target 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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