Parametric Portfolio Associates LLC Acquires 34,514 Shares of Toronto-Dominion Bank (NYSE:TD)

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Parametric Portfolio Associates LLC boosted its holdings in Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 5.1% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 715,195 shares of the bank’s stock after acquiring an additional 34,514 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in Toronto-Dominion Bank were worth $41,739,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Citizens Financial Group Inc RI purchased a new position in shares of Toronto-Dominion Bank in the 1st quarter worth about $28,000. Farmers National Bank purchased a new position in shares of Toronto-Dominion Bank in the 1st quarter worth about $33,000. Manchester Capital Management LLC purchased a new position in shares of Toronto-Dominion Bank in the 1st quarter worth about $37,000. Sandy Spring Bank boosted its holdings in shares of Toronto-Dominion Bank by 640.7% in the 2nd quarter. Sandy Spring Bank now owns 800 shares of the bank’s stock worth $47,000 after purchasing an additional 692 shares in the last quarter. Finally, Coastal Capital Group Inc. purchased a new position in shares of Toronto-Dominion Bank in the 2nd quarter worth about $51,000. Institutional investors and hedge funds own 50.31% of the company’s stock.

A number of equities analysts have recently issued reports on TD shares. Zacks Investment Research upgraded Toronto-Dominion Bank from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a report on Tuesday, September 10th. Bank of America cut Toronto-Dominion Bank from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $82.00 to $77.00 in a report on Thursday, August 15th. National Bank Financial set a $84.00 price objective on Toronto-Dominion Bank and gave the stock a “buy” rating in a report on Friday, August 30th. Barclays set a $80.00 price objective on Toronto-Dominion Bank and gave the stock a “buy” rating in a report on Thursday, August 29th. Finally, Royal Bank of Canada set a $82.00 price objective on Toronto-Dominion Bank and gave the stock a “hold” rating in a report on Friday, August 30th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $78.56.

TD stock traded up $0.16 during trading on Friday, hitting $56.70. 1,791,070 shares of the company traded hands, compared to its average volume of 1,222,537. The firm has a market capitalization of $102.89 billion, a PE ratio of 11.27, a P/E/G ratio of 2.18 and a beta of 1.07. Toronto-Dominion Bank has a 1 year low of $47.73 and a 1 year high of $62.00. The company has a 50-day moving average of $55.67 and a 200-day moving average of $56.41. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.01.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, August 29th. The bank reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.45. The company had revenue of $10.50 billion during the quarter, compared to analysts’ expectations of $9.80 billion. Toronto-Dominion Bank had a return on equity of 16.08% and a net margin of 20.02%. Toronto-Dominion Bank’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.66 EPS. Sell-side analysts expect that Toronto-Dominion Bank will post 5.14 EPS for the current year.

The business also recently announced a — dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be issued a dividend of $0.556 per share. This represents a yield of 4.1%. The ex-dividend date is Wednesday, October 9th. Toronto-Dominion Bank’s dividend payout ratio is presently 44.93%.

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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