Maryland State Retirement & Pension System Has $15.97 Million Stock Holdings in Toronto Dominion Bank (The) $TD

Maryland State Retirement & Pension System trimmed its holdings in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 1.7% during the second quarter, Holdings Channel reports. The firm owned 216,943 shares of the bank’s stock after selling 3,724 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Toronto Dominion Bank were worth $15,969,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Oppenheimer & Co. Inc. lifted its stake in shares of Toronto Dominion Bank by 144.6% in the 1st quarter. Oppenheimer & Co. Inc. now owns 11,532 shares of the bank’s stock valued at $691,000 after purchasing an additional 6,818 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Toronto Dominion Bank by 41.9% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 4,407,273 shares of the bank’s stock valued at $264,134,000 after purchasing an additional 1,302,281 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Toronto Dominion Bank by 38.6% in the 1st quarter. JPMorgan Chase & Co. now owns 9,994,402 shares of the bank’s stock valued at $599,064,000 after purchasing an additional 2,780,984 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Toronto Dominion Bank by 7.0% in the 1st quarter. Bank of New York Mellon Corp now owns 1,606,446 shares of the bank’s stock valued at $96,290,000 after purchasing an additional 104,864 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Toronto Dominion Bank by 1.5% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 12,396,341 shares of the bank’s stock valued at $743,037,000 after purchasing an additional 181,781 shares during the period. 52.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TD has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday. Zacks Research lowered Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Wall Street Zen lowered Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Friday, September 26th. Desjardins raised Toronto Dominion Bank from a “hold” rating to a “buy” rating in a research report on Wednesday, August 13th. Finally, Royal Bank Of Canada raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 3rd. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Toronto Dominion Bank currently has a consensus rating of “Hold” and a consensus target price of $93.00.

Toronto Dominion Bank Stock Performance

Shares of TD opened at $80.52 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a 50 day moving average price of $76.09 and a two-hundred day moving average price of $70.07. The firm has a market capitalization of $136.95 billion, a P/E ratio of 9.41, a P/E/G ratio of 1.66 and a beta of 0.80. Toronto Dominion Bank has a 52 week low of $51.25 and a 52 week high of $82.08.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings data on Thursday, August 28th. The bank reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.45. The firm had revenue of $10.12 billion during the quarter, compared to analyst estimates of $13.73 billion. Toronto Dominion Bank had a return on equity of 13.59% and a net margin of 16.40%.The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.05 EPS. Equities analysts forecast that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 10th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Friday, October 10th. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $0.76. Toronto Dominion Bank’s dividend payout ratio (DPR) is presently 36.10%.

About Toronto Dominion Bank

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.