Davis Rea Ltd. lowered its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 1.0% during the second quarter, Holdings Channel reports. The firm owned 260,039 shares of the bank’s stock after selling 2,638 shares during the period. Toronto Dominion Bank (The) accounts for about 8.3% of Davis Rea Ltd.’s holdings, making the stock its largest position. Davis Rea Ltd.’s holdings in Toronto Dominion Bank (The) were worth $13,089,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TD. Canada Pension Plan Investment Board raised its position in shares of Toronto Dominion Bank (The) by 3,364.0% in the second quarter. Canada Pension Plan Investment Board now owns 2,899,388 shares of the bank’s stock valued at $145,896,000 after buying an additional 2,815,688 shares during the period. Acadian Asset Management LLC raised its position in shares of Toronto Dominion Bank (The) by 46.1% in the first quarter. Acadian Asset Management LLC now owns 6,676,336 shares of the bank’s stock valued at $333,462,000 after buying an additional 2,106,791 shares during the period. Vanguard Group Inc. raised its position in shares of 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 valued at $1,979,418,000 after buying an additional 1,771,723 shares during the period. APG Asset Management N.V. raised its position in shares of Toronto Dominion Bank (The) by 49.0% in the second quarter. APG Asset Management N.V. now owns 4,140,236 shares of the bank’s stock valued at $270,564,000 after buying an additional 1,361,503 shares during the period. Finally, OMERS ADMINISTRATION Corp raised its position in shares of Toronto Dominion Bank (The) by 75.2% in the first quarter. OMERS ADMINISTRATION Corp now owns 3,150,300 shares of the bank’s stock valued at $157,344,000 after buying an additional 1,352,300 shares during the period. Hedge funds and other institutional investors own 52.41% of the company’s stock.

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

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last issued its quarterly earnings data on Thursday, May 25th. The bank reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.08. Toronto Dominion Bank (The) had a net margin of 22.56% and a return on equity of 14.09%. The business had revenue of $8.47 billion during the quarter, compared to analysts’ expectations of $8.72 billion. During the same period last year, the company posted $1.20 EPS. The business’s revenue was up 2.6% on a year-over-year basis. Equities analysts expect that Toronto Dominion Bank will post $4.19 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Monday, July 10th were paid a $0.444 dividend. The ex-dividend date 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 payout ratio is currently 48.18%.

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Several research analysts recently issued reports on the stock. 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. BidaskClub upgraded shares of Toronto Dominion Bank (The) from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Canaccord Genuity assumed coverage on shares of Toronto Dominion Bank (The) in a research report on Tuesday, July 18th. They issued a “buy” rating for the company. Royal Bank Of Canada upped their target price on shares of Toronto Dominion Bank (The) from $68.00 to $70.00 and gave the stock a “sector perform” rating in a research report on Friday, May 26th. Finally, Barclays PLC upgraded shares of Toronto Dominion Bank (The) from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, May 23rd. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Toronto Dominion Bank (The) presently has a consensus rating of “Buy” and a consensus 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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