Wetherby Asset Management Inc. raised its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 13.0% during the second quarter, Holdings Channel reports. The fund owned 23,419 shares of the bank’s stock after buying an additional 2,694 shares during the period. Wetherby Asset Management Inc.’s holdings in Toronto Dominion Bank (The) were worth $1,179,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Pinnacle Bank acquired a new stake in shares of Toronto Dominion Bank (The) during the first quarter valued at approximately $110,000. Meeder Asset Management Inc. raised its position 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 valued at $110,000 after buying an additional 444 shares during the period. Cornerstone Advisors Inc. raised its position 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 valued at $117,000 after buying an additional 114 shares during the period. Cribstone Capital Management LLC raised its position 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 valued at $118,000 after buying an additional 752 shares during the period. Finally, Baystate Wealth Management LLC purchased a new position in Toronto Dominion Bank (The) during the second quarter valued at $121,000. Institutional investors and hedge funds 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 one year low of $43.09 and a one year high of $54.44. The company has a 50-day moving average of $50.86 and a 200 day moving average of $49.86. The stock has a market cap 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 results on Thursday, May 25th. The bank reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $8.72 billion. During the same period last year, the company earned $1.20 earnings per share. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, equities analysts forecast that Toronto Dominion Bank will post $4.19 earnings per share for the current fiscal year.

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

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Several equities analysts have recently weighed in on the stock. BidaskClub raised shares of Toronto Dominion Bank (The) from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Zacks Investment Research lowered shares of 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 shares of 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 assumed coverage on shares of Toronto Dominion Bank (The) in a report on Tuesday, July 18th. They set a “buy” rating for the company. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Toronto Dominion Bank (The) 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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