612,995 Shares in Toronto Dominion Bank (The) $TD Purchased by Public Employees Retirement System of Ohio

Key Points

• Public Employees Retirement System of Ohio bought 612,995 TD shares worth approximately $74.5 million, while institutional investors collectively own 52.37% of the bank.
• TD reported a major quarterly earnings beat, with profit rising to about C$4.62 billion and EPS of $1.98 versus the $1.74 consensus estimate, driven by stronger capital-markets activity and improved credit performance.
• The bank plans to open 100 new U.S. branches and declared a quarterly dividend of $1.12 per share, representing a 3.7% annualized yield; analysts maintain a “Moderate Buy” consensus with an average price target of $156.

Public Employees Retirement System of Ohio purchased a new position in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 612,995 shares of the bank's stock, valued at approximately $74,503,000.

Several other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new stake in Toronto Dominion Bank in the fourth quarter worth $2,125,963,000. Bank of Nova Scotia increased its holdings in Toronto Dominion Bank by 6.8% in the 4th quarter. Bank of Nova Scotia now owns 19,486,741 shares of the bank's stock worth $1,836,518,000 after acquiring an additional 1,234,510 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Toronto Dominion Bank by 10.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 17,014,836 shares of the bank's stock worth $1,606,978,000 after acquiring an additional 1,629,062 shares during the last quarter. Geode Capital Management LLC raised its stake in Toronto Dominion Bank by 6.1% in the 4th quarter. Geode Capital Management LLC now owns 16,747,071 shares of the bank's stock valued at $1,610,733,000 after acquiring an additional 968,122 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its stake in Toronto Dominion Bank by 41.6% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 11,899,945 shares of the bank's stock valued at $1,121,660,000 after acquiring an additional 3,496,645 shares during the period. Hedge funds and other institutional investors own 52.37% of the company's stock.

Toronto Dominion Bank News Roundup

Here are the key news stories impacting Toronto Dominion Bank this week:

• Positive Sentiment: Major earnings beat: TD reported approximately C$4.62 billion in quarterly profit, up from C$3.34 billion a year earlier. Reported EPS of $1.98 exceeded the consensus estimate of $1.74, while revenue rose 6.9% year over year. TD quarterly earnings report
• Positive Sentiment: Capital-markets strength drove the beat: Robust trading and deal activity boosted wholesale banking results, with gains reported across TD’s divisions. Credit performance also improved, allowing the bank to set aside less for soured loans. Canada's RBC, TD, CIBC top profit estimates
• Positive Sentiment: Growth investment and shareholder returns: TD plans to open 100 new U.S. branches, expanding its American retail-banking footprint. The bank also declared a quarterly dividend of $1.12 per share, payable October 31 to shareholders of record October 9. TD unveils plan to open 100 new U.S. branches
• Positive Sentiment: AI initiative ahead of schedule: TD generated C$195 million in artificial-intelligence-related value during the first three quarters of fiscal 2026, suggesting progress in cost savings and productivity initiatives. TD Bank Unlocks AI Value Ahead of Schedule
• Neutral Sentiment: Management expressed measured confidence in Canada’s economy, although the outlook remains dependent on tax reform and policies capable of unlocking investment and economic growth. Measured confidence in Canada's economy

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TD shares. Keefe, Bruyette & Woods initiated coverage on shares of Toronto Dominion Bank in a research report on Friday, August 21st. They set a "market perform" rating for the company. Wall Street Zen upgraded shares of Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research note on Saturday, August 22nd. Royal Bank Of Canada lifted their price objective on shares of Toronto Dominion Bank from $138.00 to $156.00 and gave the company an "outperform" rating in a research note on Monday, June 1st. Weiss Ratings raised Toronto Dominion Bank from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, August 5th. Finally, Scotiabank upgraded Toronto Dominion Bank from a "sector perform" rating to a "sector outperform" rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $156.00.

Toronto Dominion Bank Price Performance

Shares of NYSE TD opened at $121.08 on Friday. The firm has a market capitalization of $199.15 billion, a P/E ratio of 18.89, a P/E/G ratio of 1.21 and a beta of 0.72. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.09. The stock's 50-day simple moving average is $120.54 and its two-hundred day simple moving average is $109.15. Toronto Dominion Bank has a twelve month low of $72.73 and a twelve month high of $125.46.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last released its quarterly earnings results on Thursday, May 28th. The bank reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.11. The firm had revenue of $11.80 billion for the quarter, compared to analysts' expectations of $11.04 billion. Toronto Dominion Bank had a return on equity of 14.83% and a net margin of 13.20%.The company's revenue was down 31.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.97 EPS. As a group, equities analysts anticipate that Toronto Dominion Bank will post 6.99 EPS for the current fiscal year.

Toronto Dominion Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Investors of record on Friday, October 9th will be given a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Friday, October 9th. Toronto Dominion Bank's dividend payout ratio is 49.14%.

Toronto Dominion Bank Profile

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.

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