Toronto-Dominion Bank (NYSE:TD) Shares Purchased by Morningstar Investment Services LLC

Morningstar Investment Services LLC boosted its stake in Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 5.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 155,275 shares of the bank’s stock after acquiring an additional 7,673 shares during the quarter. Morningstar Investment Services LLC’s holdings in Toronto-Dominion Bank were worth $6,848,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Mitchell Capital Management Co. grew its stake in Toronto-Dominion Bank by 6.1% in the 2nd quarter. Mitchell Capital Management Co. now owns 8,528 shares of the bank’s stock valued at $380,000 after acquiring an additional 493 shares during the period. Cornerstone Advisors Inc. grew its stake in Toronto-Dominion Bank by 33.8% in the 2nd quarter. Cornerstone Advisors Inc. now owns 4,959 shares of the bank’s stock valued at $221,000 after acquiring an additional 1,254 shares during the period. Costello Asset Management INC acquired a new stake in Toronto-Dominion Bank in the 2nd quarter valued at $316,000. Stratos Wealth Partners LTD. grew its stake in Toronto-Dominion Bank by 3.3% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 23,048 shares of the bank’s stock valued at $1,028,000 after acquiring an additional 727 shares during the period. Finally, Raymond James & Associates boosted its stake in Toronto-Dominion Bank by 15.7% during the 2nd quarter. Raymond James & Associates now owns 254,109 shares of the bank’s stock worth $11,342,000 after purchasing an additional 34,486 shares during the last quarter. 47.89% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have issued reports on TD shares. Scotiabank lifted their target price on shares of Toronto-Dominion Bank from $65.00 to $66.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Wolfe Research lowered Toronto-Dominion Bank from an “outperform” rating to an “underperform” rating in a report on Monday, June 8th. Bank of America boosted their price objective on shares of Toronto-Dominion Bank from $43.00 to $61.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. Barclays cut their price target on shares of Toronto-Dominion Bank from $62.00 to $60.00 and set an “overweight” rating on the stock in a research note on Monday, May 11th. Finally, Zacks Investment Research raised Toronto-Dominion Bank from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $71.62.

TD stock traded down $0.24 during midday trading on Friday, hitting $44.28. 1,514,004 shares of the company’s stock were exchanged, compared to its average volume of 1,456,760. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.16. Toronto-Dominion Bank has a 12-month low of $33.74 and a 12-month high of $58.81. The firm has a 50 day moving average price of $44.95 and a 200-day moving average price of $46.29. The stock has a market capitalization of $79.81 billion, a price-to-earnings ratio of 10.00, a price-to-earnings-growth ratio of 1.80 and a beta of 0.86.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, May 28th. The bank reported $0.85 EPS for the quarter, topping the consensus estimate of $0.60 by $0.25. The company had revenue of $10.53 billion during the quarter, compared to analyst estimates of $9.82 billion. Toronto-Dominion Bank had a return on equity of 13.24% and a net margin of 18.30%. The business’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.75 EPS. On average, sell-side analysts forecast that Toronto-Dominion Bank will post 3.52 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 10th were given a $0.567 dividend. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $2.27 annualized dividend and a dividend yield of 5.12%. Toronto-Dominion Bank’s payout ratio is 46.32%.

Toronto-Dominion Bank Company 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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