Charles Schwab Investment Management Inc. Increases Stake in The Toronto-Dominion Bank (NYSE:TD)

Charles Schwab Investment Management Inc. boosted its stake in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 4.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,871,057 shares of the bank’s stock after buying an additional 221,574 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Toronto-Dominion Bank were worth $308,341,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TD. Dimensional Fund Advisors LP grew its stake in shares of Toronto-Dominion Bank by 61.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,806,974 shares of the bank’s stock worth $319,151,000 after buying an additional 2,215,185 shares during the last quarter. 1832 Asset Management L.P. increased its holdings in shares of Toronto-Dominion Bank by 6.0% during the second quarter. 1832 Asset Management L.P. now owns 25,803,480 shares of the bank’s stock valued at $1,418,159,000 after acquiring an additional 1,462,794 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Toronto-Dominion Bank by 9.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 13,814,269 shares of the bank’s stock worth $759,449,000 after purchasing an additional 1,206,574 shares during the last quarter. Marshall Wace LLP boosted its stake in Toronto-Dominion Bank by 411.3% in the 2nd quarter. Marshall Wace LLP now owns 1,468,199 shares of the bank’s stock worth $80,692,000 after purchasing an additional 1,181,021 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its stake in Toronto-Dominion Bank by 5.4% in the 3rd quarter. CIBC Asset Management Inc now owns 16,515,643 shares of the bank’s stock worth $1,046,825,000 after purchasing an additional 853,313 shares in the last quarter. Institutional investors own 52.37% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on TD shares. Royal Bank of Canada cut shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a report on Friday, October 11th. National Bank Financial raised Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research report on Thursday, August 22nd. Barclays lowered Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday. Finally, StockNews.com downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Thursday, August 22nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Toronto-Dominion Bank currently has an average rating of “Hold” and a consensus target price of $84.00.

Toronto-Dominion Bank Stock Performance

NYSE:TD opened at $56.15 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.02 and a current ratio of 1.02. The Toronto-Dominion Bank has a 52-week low of $53.52 and a 52-week high of $65.12. The firm has a market capitalization of $98.28 billion, a PE ratio of 17.94, a P/E/G ratio of 1.93 and a beta of 0.82. The stock has a 50-day simple moving average of $58.90 and a two-hundred day simple moving average of $57.71.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, August 22nd. The bank reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.56. The company had revenue of $14.18 billion during the quarter, compared to the consensus estimate of $9.40 billion. Toronto-Dominion Bank had a net margin of 6.94% and a return on equity of 14.34%. Toronto-Dominion Bank’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.48 EPS. Analysts forecast that The Toronto-Dominion Bank will post 5.46 EPS for the current year.

Toronto-Dominion Bank Company 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.