Mufg Securities Canada LTD. Sells 125,391 Shares of Toronto Dominion Bank (The) $TD

Key Points

• MUFG Securities Canada reduced its TD stake by 5%, selling 125,391 shares and retaining 2,364,122 shares valued at approximately $287 million. TD remains the fund’s third-largest holding, representing 7.6% of its portfolio.
• Institutional ownership remains substantial at 52.37%, with several major investors—including Bank of Nova Scotia, Manulife, Geode Capital and Healthcare of Ontario Pension Plan—recently increasing their positions.
• TD reported quarterly earnings of $1.98 per share, exceeding the $1.74 estimate, while revenue rose 6.9% year over year to $12.07 billion. Analysts give the stock a “Moderate Buy” rating with a $156 average price target, and its $1.12 quarterly dividend implies a 3.7% yield.

Mufg Securities Canada LTD. lowered its stake in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 5.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,364,122 shares of the bank's stock after selling 125,391 shares during the period. Toronto Dominion Bank makes up 7.6% of Mufg Securities Canada LTD.'s portfolio, making the stock its 3rd biggest position. Mufg Securities Canada LTD. owned approximately 0.14% of Toronto Dominion Bank worth $286,985,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Toronto Dominion Bank in the 4th quarter valued at about $2,125,963,000. Bank of Nova Scotia boosted its stake in Toronto Dominion Bank by 6.8% during 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 grew its holdings in Toronto Dominion Bank by 10.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 17,014,836 shares of the bank's stock valued at $1,606,978,000 after purchasing an additional 1,629,062 shares during the period. Geode Capital Management LLC increased its stake in Toronto Dominion Bank by 6.1% in the fourth quarter. Geode Capital Management LLC now owns 16,747,071 shares of the bank's stock valued at $1,610,733,000 after purchasing an additional 968,122 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Toronto Dominion Bank by 41.6% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 11,899,945 shares of the bank's stock worth $1,121,660,000 after purchasing an additional 3,496,645 shares during the period. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Toronto Dominion Bank Trading Down 0.3%

NYSE:TD opened at $120.93 on Tuesday. Toronto Dominion Bank has a twelve month low of $72.78 and a twelve month high of $125.46. The business has a 50 day moving average price of $120.61 and a two-hundred day moving average price of $109.47. The company has a market cap of $198.91 billion, a P/E ratio of 17.97, a price-to-earnings-growth ratio of 1.17 and a beta of 0.72. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last posted its quarterly earnings results on Thursday, August 27th. The bank reported $1.98 earnings per share for the quarter, beating analysts' consensus estimates of $1.74 by $0.24. The firm had revenue of $12.07 billion during the quarter, compared to the consensus estimate of $10.70 billion. Toronto Dominion Bank had a return on equity of 14.88% and a net margin of 14.41%.The business's revenue was up 6.9% compared to the same quarter last year. During the same period last year, the company earned $2.20 earnings per share. As a group, analysts expect that Toronto Dominion Bank will post 7.29 EPS for the current fiscal year.

Toronto Dominion Bank Dividend Announcement

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

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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