Epoch Investment Partners Inc. Decreases Stock Holdings in The Toronto-Dominion Bank (NYSE:TD)

Epoch Investment Partners Inc. lowered its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 1.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 67,127 shares of the bank’s stock after selling 941 shares during the period. Epoch Investment Partners Inc.’s holdings in Toronto-Dominion Bank were worth $3,689,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. TD Asset Management Inc boosted its holdings in shares of Toronto-Dominion Bank by 28.9% during the 4th quarter. TD Asset Management Inc now owns 46,469,553 shares of the bank’s stock valued at $3,017,384,000 after buying an additional 10,415,591 shares in the last quarter. Bank of Nova Scotia lifted its position in Toronto-Dominion Bank by 0.3% during the 4th quarter. Bank of Nova Scotia now owns 33,335,463 shares of the bank’s stock valued at $2,154,141,000 after acquiring an additional 105,772 shares during the period. National Bank of Canada FI boosted its stake in Toronto-Dominion Bank by 6.2% during the first quarter. National Bank of Canada FI now owns 29,655,117 shares of the bank’s stock worth $1,677,917,000 after acquiring an additional 1,736,931 shares in the last quarter. 1832 Asset Management L.P. grew its holdings in Toronto-Dominion Bank by 6.0% in the second quarter. 1832 Asset Management L.P. now owns 25,803,480 shares of the bank’s stock worth $1,418,159,000 after purchasing an additional 1,462,794 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Toronto-Dominion Bank by 3.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 11,884,896 shares of the bank’s stock valued at $653,194,000 after purchasing an additional 358,283 shares in the last quarter. Institutional investors own 52.37% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on TD. UBS Group initiated coverage on Toronto-Dominion Bank in a research note on Tuesday, July 2nd. They issued a “neutral” rating on the stock. StockNews.com cut Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Thursday, August 22nd. Finally, National Bank Financial upgraded Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Toronto-Dominion Bank has a consensus rating of “Hold” and a consensus target price of $84.00.

Toronto-Dominion Bank Stock Performance

TD stock opened at $63.87 on Tuesday. The stock’s 50 day simple moving average is $59.36 and its 200 day simple moving average is $57.90. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.10. The Toronto-Dominion Bank has a 12-month low of $53.52 and a 12-month high of $65.12. The stock has a market capitalization of $111.60 billion, a PE ratio of 14.52, a price-to-earnings-growth ratio of 1.84 and a beta of 0.81.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings results on Thursday, August 22nd. The bank reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.56. Toronto-Dominion Bank had a return on equity of 14.34% and a net margin of 6.94%. The firm had revenue of $14.18 billion for the quarter, compared to the consensus estimate of $9.40 billion. During the same period in the prior year, the company posted $1.48 earnings per share. The company’s quarterly revenue was up 9.8% on a year-over-year basis. As a group, research analysts forecast that The Toronto-Dominion Bank will post 5.84 earnings per share for the current fiscal year.

Toronto-Dominion Bank Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be issued a dividend of $0.739 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date is Thursday, October 10th. Toronto-Dominion Bank’s payout ratio is presently 68.64%.

Toronto-Dominion Bank Company Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.