Toronto Dominion Bank (The) (TD) Stake Held by Watch Point Trust Co

Watch Point Trust Co maintained its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,850 shares of the bank’s stock at the end of the second quarter. Watch Point Trust Co’s holdings in Toronto Dominion Bank (The) were worth $547,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC boosted its position in Toronto Dominion Bank (The) by 0.9% in the first quarter. FMR LLC now owns 58,644,995 shares of the bank’s stock worth $2,937,432,000 after buying an additional 534,356 shares in the last quarter. TD Asset Management Inc. boosted its position in shares of Toronto Dominion Bank (The) by 1.1% in the first quarter. TD Asset Management Inc. now owns 51,677,338 shares of the bank’s stock worth $2,581,058,000 after buying an additional 567,500 shares during the period. Vanguard Group Inc. boosted 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 worth $1,979,418,000 after buying an additional 1,771,723 shares during the period. Beutel Goodman & Co Ltd. boosted its position in shares of Toronto Dominion Bank (The) by 4.0% in the first quarter. Beutel Goodman & Co Ltd. now owns 26,049,255 shares of the bank’s stock worth $1,302,551,000 after buying an additional 1,005,230 shares during the period. Finally, Mawer Investment Management Ltd. boosted its position in shares of Toronto Dominion Bank (The) by 1.8% in the first quarter. Mawer Investment Management Ltd. now owns 7,175,238 shares of the bank’s stock worth $620,288,000 after buying an additional 125,448 shares during the period. 52.41% of the stock is currently owned by institutional investors and hedge funds.

Shares of Toronto Dominion Bank (TD) opened at 50.11 on Friday. Toronto Dominion Bank has a 12-month low of $43.09 and a 12-month high of $54.44. The stock’s 50 day moving average is $50.92 and its 200-day moving average is $49.85. The stock has a market capitalization of $92.37 billion, a price-to-earnings ratio of 12.42 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 EPS for the quarter, beating the consensus estimate of $0.92 by $0.08. The company had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $8.72 billion. Toronto Dominion Bank (The) had a net margin of 22.56% and a return on equity of 14.09%. The firm’s revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.20 EPS. On average, analysts expect that Toronto Dominion Bank will post $4.19 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Monday, July 10th were issued a dividend of $0.444 per share. The ex-dividend date was Thursday, July 6th. This represents a $1.78 annualized dividend and a yield of 3.54%. Toronto Dominion Bank (The)’s payout ratio is 48.18%.

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A number of research analysts have recently issued reports on TD shares. Zacks Investment Research cut Toronto Dominion Bank (The) from a “hold” rating to a “sell” rating in a research note on Thursday, May 4th. Royal Bank Of Canada raised their price objective on Toronto Dominion Bank (The) from $68.00 to $70.00 and gave the company a “sector perform” rating in a research note on Friday, May 26th. BidaskClub raised Toronto Dominion Bank (The) from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Barclays PLC raised Toronto Dominion Bank (The) from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, May 23rd. Finally, Canaccord Genuity started coverage on Toronto Dominion Bank (The) in a research note on Tuesday, July 18th. They set a “buy” rating on the stock. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average 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.

Institutional Ownership by Quarter for Toronto Dominion Bank (The) (NYSE:TD)

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