The Toronto-Dominion Bank (NYSE:TD) Shares Bought by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 9.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,814,269 shares of the bank’s stock after acquiring an additional 1,206,574 shares during the period. Toronto-Dominion Bank accounts for approximately 4.6% of BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s investment portfolio, making the stock its 3rd biggest holding. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.79% of Toronto-Dominion Bank worth $759,449,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Park Avenue Securities LLC increased its stake in Toronto-Dominion Bank by 5.3% in the first quarter. Park Avenue Securities LLC now owns 3,641 shares of the bank’s stock valued at $220,000 after purchasing an additional 184 shares during the period. Consolidated Portfolio Review Corp boosted its holdings in shares of Toronto-Dominion Bank by 1.6% in the first quarter. Consolidated Portfolio Review Corp now owns 11,583 shares of the bank’s stock valued at $699,000 after acquiring an additional 186 shares in the last quarter. First Affirmative Financial Network increased its stake in shares of Toronto-Dominion Bank by 1.9% during the second quarter. First Affirmative Financial Network now owns 10,120 shares of the bank’s stock worth $556,000 after acquiring an additional 190 shares during the period. Wright Investors Service Inc. raised its holdings in Toronto-Dominion Bank by 0.5% during the first quarter. Wright Investors Service Inc. now owns 35,158 shares of the bank’s stock worth $2,123,000 after purchasing an additional 191 shares in the last quarter. Finally, Balanced Rock Investment Advisors LLC lifted its position in Toronto-Dominion Bank by 1.4% in the second quarter. Balanced Rock Investment Advisors LLC now owns 14,959 shares of the bank’s stock valued at $822,000 after purchasing an additional 203 shares during the period. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Performance

NYSE TD opened at $63.87 on Tuesday. The Toronto-Dominion Bank has a twelve month low of $53.52 and a twelve month high of $65.12. The business’s 50-day moving average price is $59.36 and its 200 day moving average price 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 company 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 the consensus estimate 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 during the quarter, compared to the consensus estimate of $9.40 billion. During the same period in the prior year, the firm earned $1.48 EPS. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. On average, research analysts predict that The Toronto-Dominion Bank will post 5.84 earnings per share for the current year.

Toronto-Dominion Bank Cuts Dividend

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

Wall Street Analyst Weigh In

TD has been the subject of several research analyst reports. UBS Group initiated coverage on Toronto-Dominion Bank in a research report on Tuesday, July 2nd. They issued a “neutral” rating for the company. National Bank Financial raised Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a report on Thursday, August 22nd. Finally, StockNews.com downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Thursday, August 22nd. One 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’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $84.00.

Toronto-Dominion Bank 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.