Mufg Securities Canada LTD. Has $286.99 Million Stock Holdings in Toronto Dominion Bank (The) $TD

Mufg Securities Canada LTD. lessened its holdings in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 5.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,364,122 shares of the bank’s stock after selling 125,391 shares during the period. Toronto Dominion Bank accounts for 7.6% of Mufg Securities Canada LTD.’s holdings, making the stock its 3rd biggest position. Mufg Securities Canada LTD.’s holdings in Toronto Dominion Bank were worth $286,985,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TD. Bayban bought a new position in shares of Toronto Dominion Bank in the fourth quarter valued at about $28,000. Harvest Fund Management Co. Ltd boosted its holdings in shares of Toronto Dominion Bank by 112.8% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 317 shares of the bank’s stock worth $30,000 after buying an additional 168 shares during the period. CBIZ Investment Advisory Services LLC bought a new stake in shares of Toronto Dominion Bank during the 4th quarter worth about $34,000. Brown Lisle Cummings Inc. lifted its position in Toronto Dominion Bank by 88.4% during the first quarter. Brown Lisle Cummings Inc. now owns 407 shares of the bank’s stock worth $38,000 after acquiring an additional 191 shares during the last quarter. Finally, Cornerstone Planning Group LLC lifted its position in Toronto Dominion Bank by 177.9% during the fourth quarter. Cornerstone Planning Group LLC now owns 428 shares of the bank’s stock worth $40,000 after acquiring an additional 274 shares during the last quarter. 52.37% of the stock is owned by institutional investors.

Toronto Dominion Bank Trading Down 0.3%

Shares of NYSE:TD opened at $120.93 on Tuesday. The company has a market capitalization of $198.91 billion, a P/E ratio of 17.97, a P/E/G ratio of 1.17 and a beta of 0.72. Toronto Dominion Bank has a 1 year low of $72.78 and a 1 year high of $125.46. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03. The business’s 50 day simple moving average is $120.61 and its 200 day simple moving average is $109.47.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its earnings results on Thursday, August 27th. The bank reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.24. Toronto Dominion Bank had a return on equity of 14.88% and a net margin of 14.41%.The company had revenue of $12.07 billion for the quarter, compared to analyst estimates of $10.70 billion. During the same period in the prior year, the firm posted $2.20 EPS. Toronto Dominion Bank’s quarterly revenue was up 6.9% on a year-over-year basis. On average, research analysts anticipate that Toronto Dominion Bank will post 7.29 EPS for the current fiscal year.

Toronto Dominion Bank Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Friday, October 9th will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, October 9th. Toronto Dominion Bank’s dividend payout ratio is 46.81%.

Analysts Set New Price Targets

Several research firms have recently commented on TD. Raymond James Financial raised Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 12th. Wall Street Zen upgraded Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research note on Saturday, August 22nd. Weiss Ratings upgraded Toronto Dominion Bank from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 5th. Royal Bank Of Canada lifted their target price on Toronto Dominion Bank from $138.00 to $156.00 and gave the stock an “outperform” rating in a report on Monday, June 1st. Finally, Keefe, Bruyette & Woods started coverage on shares of Toronto Dominion Bank in a research report on Friday, August 21st. They issued a “market perform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Toronto Dominion Bank has a consensus rating of “Moderate Buy” and a consensus price target of $156.00.

About Toronto Dominion Bank

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.