Toronto-Dominion Bank (NYSE:TD) Shares Bought by Polaris Greystone Financial Group LLC

Polaris Greystone Financial Group LLC raised its stake in Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 3.5% in the second quarter, HoldingsChannel.com reports. The fund owned 57,894 shares of the bank’s stock after purchasing an additional 1,955 shares during the quarter. Polaris Greystone Financial Group LLC’s holdings in Toronto-Dominion Bank were worth $3,393,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wetherby Asset Management Inc. lifted its position in Toronto-Dominion Bank by 5.1% during the 2nd quarter. Wetherby Asset Management Inc. now owns 30,456 shares of the bank’s stock worth $1,778,000 after buying an additional 1,481 shares in the last quarter. Family Legacy Inc. boosted its position in shares of Toronto-Dominion Bank by 4.6% during the 2nd quarter. Family Legacy Inc. now owns 17,177 shares of the bank’s stock worth $1,002,000 after acquiring an additional 755 shares in the last quarter. Squar Milner Financial Services LLC boosted its position in shares of Toronto-Dominion Bank by 568.7% during the 2nd quarter. Squar Milner Financial Services LLC now owns 1,451 shares of the bank’s stock worth $85,000 after acquiring an additional 1,234 shares in the last quarter. Baskin Financial Services Inc. boosted its position in shares of Toronto-Dominion Bank by 0.7% during the 2nd quarter. Baskin Financial Services Inc. now owns 293,803 shares of the bank’s stock worth $17,167,000 after acquiring an additional 2,019 shares in the last quarter. Finally, CRA Financial Services LLC boosted its position in shares of Toronto-Dominion Bank by 175.7% during the 2nd quarter. CRA Financial Services LLC now owns 23,407 shares of the bank’s stock worth $1,366,000 after acquiring an additional 14,916 shares in the last quarter. 48.04% of the stock is owned by institutional investors.

Several research firms recently issued reports on TD. Zacks Investment Research upgraded shares of Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Canaccord Genuity reiterated a “buy” rating on shares of Toronto-Dominion Bank in a research report on Thursday, May 23rd. National Bank Financial lowered shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research report on Thursday, May 23rd. BMO Capital Markets reiterated a “buy” rating on shares of Toronto-Dominion Bank in a research report on Friday, May 24th. Finally, Barclays upgraded shares of Toronto-Dominion Bank from an “equal weight” rating to an “overweight” rating and set a $84.00 price target on the stock in a research report on Tuesday, June 11th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Toronto-Dominion Bank currently has an average rating of “Buy” and an average price target of $72.00.

NYSE:TD traded down $0.37 on Tuesday, hitting $55.51. The company had a trading volume of 683,845 shares, compared to its average volume of 1,005,310. The stock has a market cap of $102.52 billion, a PE ratio of 11.04, a price-to-earnings-growth ratio of 1.81 and a beta of 1.04. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.11. The company’s 50 day moving average price is $58.38. Toronto-Dominion Bank has a 52 week low of $47.73 and a 52 week high of $62.00.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings data on Thursday, May 23rd. The bank reported $1.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.50. The business had revenue of $10.23 billion during the quarter, compared to the consensus estimate of $9.46 billion. Toronto-Dominion Bank had a net margin of 20.24% and a return on equity of 16.21%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.62 EPS. As a group, equities analysts expect that Toronto-Dominion Bank will post 5.06 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Wednesday, July 10th were paid a $0.5511 dividend. This represents a $2.20 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend was Tuesday, July 9th. Toronto-Dominion Bank’s payout ratio is 44.93%.

Toronto-Dominion Bank Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.

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

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