Geode Capital Management LLC Has $1.61 Billion Stake in Toronto Dominion Bank (The) $TD

Key Points

• Geode Capital Management boosted its Toronto-Dominion Bank stake by 6.1% in the fourth quarter, ending with 16.75 million shares valued at about $1.61 billion.
• Several other institutional investors also increased holdings, and institutions now own 52.37% of TD’s stock, while analysts currently rate the shares a Moderate Buy overall.
• TD recently beat quarterly earnings expectations, raised its dividend to $1.12 per share, and saw the stock trade near its 52-week high after rising about 1%.

Geode Capital Management LLC increased its position in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 6.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,747,071 shares of the bank's stock after buying an additional 968,122 shares during the period. Geode Capital Management LLC owned 1.00% of Toronto Dominion Bank worth $1,610,733,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Toronto Dominion Bank by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 77,252,688 shares of the bank's stock worth $7,280,911,000 after buying an additional 765,107 shares during the last quarter. TD Asset Management Inc increased its holdings in Toronto Dominion Bank by 0.7% during the third quarter. TD Asset Management Inc now owns 37,612,007 shares of the bank's stock worth $3,008,096,000 after buying an additional 246,999 shares during the last quarter. Canerector Inc. increased its holdings in Toronto Dominion Bank by 11,028.0% during the third quarter. Canerector Inc. now owns 22,256,000 shares of the bank's stock worth $1,779,367,000 after buying an additional 22,056,000 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Toronto Dominion Bank by 25.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 15,210,762 shares of the bank's stock worth $1,432,854,000 after buying an additional 3,129,457 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in Toronto Dominion Bank by 4.3% during the fourth quarter. Legal & General Group Plc now owns 10,148,324 shares of the bank's stock worth $957,711,000 after buying an additional 419,105 shares during the last quarter. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Raymond James Financial upgraded shares of Toronto Dominion Bank from a "market perform" rating to an "outperform" rating in a report on Tuesday, May 12th. Zacks Research downgraded shares of Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a report on Monday, April 27th. Wall Street Zen downgraded shares of Toronto Dominion Bank from a "hold" rating to a "sell" rating in a report on Saturday, May 23rd. Weiss Ratings upgraded shares of Toronto Dominion Bank from a "buy (b)" rating to a "buy (a-)" rating in a report on Friday, March 27th. Finally, Canadian Imperial Bank of Commerce downgraded shares of Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 12th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

Toronto Dominion Bank Trading Up 1.0%

Shares of Toronto Dominion Bank stock opened at $113.33 on Friday. The firm has a 50-day moving average of $102.85 and a 200-day moving average of $95.93. The stock has a market cap of $187.70 billion, a PE ratio of 12.52, a PEG ratio of 1.25 and a beta of 0.71. Toronto Dominion Bank has a 52-week low of $68.08 and a 52-week high of $113.51. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.05 and a current ratio of 1.05.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last posted its quarterly earnings data on Thursday, February 26th. The bank reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.13. Toronto Dominion Bank had a net margin of 17.52% and a return on equity of 14.29%. The business had revenue of $11.01 billion during the quarter, compared to analysts' expectations of $10.43 billion. During the same quarter in the prior year, the business posted $2.02 earnings per share. Toronto Dominion Bank's revenue was up 18.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Toronto Dominion Bank will post 6.89 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 10th will be issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.0%. This is an increase from Toronto Dominion Bank's previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, July 10th. Toronto Dominion Bank's dividend payout ratio (DPR) is currently 34.36%.

Key Toronto Dominion Bank News

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

• Positive Sentiment: TD reported Q2 adjusted earnings of $2.38 per share, ahead of estimates, with adjusted earnings up 15% and adjusted EPS up 21% year over year, suggesting the core business is improving. TD Bank Group Reports Second Quarter 2026 Results
• Positive Sentiment: The bank lifted its quarterly dividend to $1.12 per share, a sign of confidence in earnings durability and capital strength, which tends to support investor sentiment. TD BANK GROUP DECLARES DIVIDENDS
• Positive Sentiment: Canada’s big banks, including TD, broadly beat analyst profit estimates as lower loan-loss provisions eased credit worries, reinforcing the view that credit quality is holding up better than feared. Canada's big banks post broad-based earnings beats as credit fears ease
• Neutral Sentiment: TD highlighted AI-driven efficiency gains, including mortgage approvals falling from 15 hours to 3 minutes, which could improve long-term operating leverage but is not an immediate earnings driver. TD Bank Says AI Is Cutting Mortgage Approvals From 15 Hours to 3 Minutes
• Neutral Sentiment: The bank is also exploring tie-ups with private credit firms, which could expand lending opportunities, but no agreement has been reached yet. TD Bank explores tie-up with private credit firms
• Negative Sentiment: Reported revenue was down sharply year over year on the quarter, which may temper enthusiasm despite the EPS beat and dividend increase. TD Bank Reports Q2 Adjusted Earnings Beat With Canada Ops Buoyed By Lower PCLs; Lifts Dividend

Toronto Dominion Bank Company 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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