Mufg Securities Canada LTD. Lowers Position in Toronto Dominion Bank (The) $TD

Mufg Securities Canada LTD. lowered its stake in shares of Toronto Dominion Bank (The) (NYSE:TDFree Report) (TSE:TD) by 2.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,838,167 shares of the bank’s stock after selling 81,907 shares during the period. Toronto Dominion Bank accounts for approximately 6.3% of Mufg Securities Canada LTD.’s portfolio, making the stock its 4th largest holding. Mufg Securities Canada LTD. owned 0.17% of Toronto Dominion Bank worth $226,912,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Toronto Dominion Bank by 3.4% during the 2nd quarter. Vanguard Group Inc. now owns 77,187,442 shares of the bank’s stock valued at $5,677,291,000 after purchasing an additional 2,552,603 shares during the period. TD Asset Management Inc grew its holdings in Toronto Dominion Bank by 0.7% during the 3rd quarter. TD Asset Management Inc now owns 37,612,007 shares of the bank’s stock valued at $3,008,096,000 after buying an additional 246,999 shares in the last quarter. 1832 Asset Management L.P. grew its holdings in Toronto Dominion Bank by 0.5% during the 2nd quarter. 1832 Asset Management L.P. now owns 22,548,848 shares of the bank’s stock valued at $1,656,213,000 after buying an additional 101,678 shares in the last quarter. Norges Bank bought a new stake in shares of Toronto Dominion Bank during the second quarter valued at about $1,543,639,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Toronto Dominion Bank by 20.1% in the second quarter. Geode Capital Management LLC now owns 14,147,217 shares of the bank’s stock worth $1,053,292,000 after buying an additional 2,366,324 shares in the last quarter. 52.37% of the stock is owned by institutional investors.

Key Headlines Impacting Toronto Dominion Bank

Here are the key news stories impacting Toronto Dominion Bank this week:

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on TD shares. Zacks Research raised shares of Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Raymond James Financial upgraded shares of Toronto Dominion Bank to a “hold” rating in a research report on Monday, November 24th. Jefferies Financial Group cut shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday, January 21st. Finally, Wall Street Zen cut Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Sunday, February 22nd. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $93.00.

Check Out Our Latest Research Report on TD

Toronto Dominion Bank Price Performance

TD opened at $97.31 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $162.63 billion, a P/E ratio of 10.75, a PEG ratio of 1.30 and a beta of 0.67. The stock has a 50-day moving average price of $95.09 and a 200-day moving average price of $85.63. Toronto Dominion Bank has a 12-month low of $54.87 and a 12-month high of $99.84.

Toronto Dominion Bank (NYSE:TDGet Free Report) (TSE:TD) last announced its quarterly earnings data on Thursday, February 26th. The bank reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The company had revenue of $11.01 billion for the quarter, compared to analysts’ expectations of $10.43 billion. Toronto Dominion Bank had a return on equity of 14.28% and a net margin of 17.52%.Toronto Dominion Bank’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period last year, the firm posted $2.02 EPS. Equities analysts predict that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 9th will be issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Thursday, April 9th. Toronto Dominion Bank’s payout ratio is presently 34.81%.

About Toronto Dominion Bank

(Free Report)

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.

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

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