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

Public Employees Retirement System of Ohio purchased a new position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 612,995 shares of the bank’s stock, valued at approximately $74,503,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new stake in Toronto Dominion Bank in the 4th quarter worth approximately $2,125,963,000. Bank of Nova Scotia grew its position in Toronto Dominion Bank by 6.8% during the fourth quarter. Bank of Nova Scotia now owns 19,486,741 shares of the bank’s stock valued at $1,836,518,000 after acquiring an additional 1,234,510 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of 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 worth $1,606,978,000 after acquiring an additional 1,629,062 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Toronto Dominion Bank by 6.1% during the fourth quarter. Geode Capital Management LLC now owns 16,747,071 shares of the bank’s stock worth $1,610,733,000 after acquiring an additional 968,122 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of 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 worth $1,121,660,000 after acquiring an additional 3,496,645 shares during the last quarter. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Toronto Dominion Bank

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on TD shares. Royal Bank Of Canada upped 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 shares of Toronto Dominion Bank from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 5th. 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 raised Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research note on Saturday, August 22nd. Finally, Scotiabank upgraded Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $156.00.

Toronto Dominion Bank Price Performance

TD stock opened at $121.08 on Friday. The stock has a market capitalization of $199.15 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 1.21 and a beta of 0.72. The firm’s 50-day moving average price is $120.54 and its two-hundred day moving average price is $109.15. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a 12-month low of $72.73 and a 12-month high of $125.46.

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

Toronto Dominion Bank Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Friday, October 9th will be given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Friday, October 9th. Toronto Dominion Bank’s dividend payout ratio (DPR) is currently 49.14%.

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.