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

Charles Schwab Investment Management Inc. increased its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 4.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,871,057 shares of the bank’s stock after purchasing an additional 221,574 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.28% of Toronto-Dominion Bank worth $308,341,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. CreativeOne Wealth LLC purchased a new position in shares of Toronto-Dominion Bank during the 1st quarter valued at $245,000. EP Wealth Advisors LLC boosted its position in Toronto-Dominion Bank by 7.2% during the first quarter. EP Wealth Advisors LLC now owns 10,546 shares of the bank’s stock worth $637,000 after purchasing an additional 704 shares during the period. BOKF NA increased its stake in shares of Toronto-Dominion Bank by 203.6% in the first quarter. BOKF NA now owns 1,014 shares of the bank’s stock worth $61,000 after purchasing an additional 680 shares in the last quarter. Murchinson Ltd. bought a new stake in shares of Toronto-Dominion Bank in the first quarter valued at approximately $12,570,000. Finally, Virtu Financial LLC lifted its stake in shares of Toronto-Dominion Bank by 41.6% during the 1st quarter. Virtu Financial LLC now owns 30,219 shares of the bank’s stock valued at $1,825,000 after buying an additional 8,885 shares in the last quarter. Institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Price Performance

Shares of Toronto-Dominion Bank stock opened at $56.15 on Friday. The stock has a market capitalization of $98.28 billion, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 1.93 and a beta of 0.82. The company has a fifty day moving average of $58.90 and a 200-day moving average of $57.71. The Toronto-Dominion Bank has a 52-week low of $53.52 and a 52-week high of $65.12. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.02 and a current ratio of 1.02.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its earnings results on Thursday, August 22nd. The bank reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.56. Toronto-Dominion Bank had a return on equity of 14.34% and a net margin of 6.94%. The company had revenue of $14.18 billion during the quarter, compared to analyst estimates of $9.40 billion. During the same quarter in the previous year, the company posted $1.48 EPS. Toronto-Dominion Bank’s revenue for the quarter was up 9.8% on a year-over-year basis. Equities research analysts expect that The Toronto-Dominion Bank will post 5.46 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Barclays lowered Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday. StockNews.com downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Thursday, August 22nd. National Bank Financial upgraded Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research report on Thursday, August 22nd. Finally, Royal Bank of Canada lowered shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research report on Friday, October 11th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $84.00.

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.