Toronto Dominion Bank (The) $TD is Bank of Nova Scotia Trust Co.’s 3rd Largest Position

Bank of Nova Scotia Trust Co. reduced its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 1.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 749,290 shares of the bank’s stock after selling 13,895 shares during the period. Toronto Dominion Bank accounts for about 5.4% of Bank of Nova Scotia Trust Co.’s portfolio, making the stock its 3rd largest position. Bank of Nova Scotia Trust Co.’s holdings in Toronto Dominion Bank were worth $55,035,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of TD. Vanguard Group Inc. boosted its stake in Toronto Dominion Bank by 3.4% in the second quarter. Vanguard Group Inc. now owns 77,187,442 shares of the bank’s stock valued at $5,677,291,000 after acquiring an additional 2,552,603 shares in the last quarter. TD Asset Management Inc lifted its holdings in shares of Toronto Dominion Bank by 0.9% during the 2nd quarter. TD Asset Management Inc now owns 37,365,008 shares of the bank’s stock valued at $2,742,748,000 after purchasing an additional 329,429 shares during the last quarter. Federation des caisses Desjardins du Quebec lifted its holdings in shares of Toronto Dominion Bank by 48.9% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 14,785,565 shares of the bank’s stock valued at $886,174,000 after purchasing an additional 4,853,498 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Toronto Dominion Bank by 20.1% in the 2nd quarter. Geode Capital Management LLC now owns 14,147,217 shares of the bank’s stock worth $1,053,292,000 after purchasing an additional 2,366,324 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in Toronto Dominion Bank by 17.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 13,700,503 shares of the bank’s stock worth $825,440,000 after buying an additional 2,057,784 shares during the last quarter. Institutional investors own 52.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on TD. Wall Street Zen upgraded Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Raymond James Financial raised shares of Toronto Dominion Bank to a “hold” rating in a research report on Monday. Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Wednesday, October 8th. Jefferies Financial Group cut shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Desjardins upgraded shares of Toronto Dominion Bank from a “hold” rating to a “buy” rating in a research note on Wednesday, August 13th. Five equities research analysts have rated the stock with 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 target price of $93.00.

Toronto Dominion Bank Stock Performance

Shares of NYSE TD opened at $83.40 on Friday. The company has a 50 day simple moving average of $80.75 and a two-hundred day simple moving average of $75.28. The stock has a market cap of $140.91 billion, a price-to-earnings ratio of 9.74, a PEG ratio of 1.68 and a beta of 0.79. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a 12 month low of $51.25 and a 12 month high of $83.57.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, August 28th. The bank reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.45. Toronto Dominion Bank had a net margin of 16.40% and a return on equity of 13.59%. The firm had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $13.73 billion. During the same quarter last year, the company posted $2.05 earnings per share. The firm’s revenue was up 7.9% compared to the same quarter last year. As a group, analysts predict that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

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.