Mitsubishi UFJ Asset Management Co. Ltd. Has $178,000 Stock Holdings in Toronto Dominion Bank (The) $TD

Mitsubishi UFJ Asset Management Co. Ltd. trimmed its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 30.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,419 shares of the bank’s stock after selling 1,070 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Toronto Dominion Bank were worth $178,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TD. Triasima Portfolio Management inc. bought a new position in Toronto Dominion Bank during the 2nd quarter valued at $8,492,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew 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 worth $264,134,000 after acquiring an additional 1,302,281 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Toronto Dominion Bank by 3.2% in the second quarter. Bank of New York Mellon Corp now owns 1,658,144 shares of the bank’s stock valued at $121,791,000 after purchasing an additional 51,698 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Toronto Dominion Bank by 38.6% during the first 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 in the last quarter. Finally, Achmea Investment Management B.V. purchased a new position in Toronto Dominion Bank during the second quarter worth about $40,228,000. Institutional investors own 52.37% of the company’s stock.

Wall Street Analyst Weigh In

TD has been the subject of several analyst reports. Zacks Research lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Desjardins raised Toronto Dominion Bank from a “hold” rating to a “buy” rating in a report on Wednesday, August 13th. Royal Bank Of Canada upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Friday, October 3rd. Wall Street Zen raised Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $93.00.

Toronto Dominion Bank Stock Performance

Shares of TD opened at $81.27 on Friday. Toronto Dominion Bank has a 1 year low of $51.25 and a 1 year high of $82.93. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.02 and a quick ratio of 1.02. The stock’s fifty day moving average price is $79.78 and its two-hundred day moving average price is $74.18. The firm has a market cap of $137.88 billion, a PE ratio of 9.49, a PEG ratio of 1.68 and a beta of 0.79.

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

Toronto Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 10th were given a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 5.2%. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend was Friday, October 10th. Toronto Dominion Bank’s payout ratio is presently 35.16%.

Toronto Dominion Bank 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.