The Toronto-Dominion Bank (NYSE:TD) Holdings Reduced by Investment Management Corp of Ontario

Investment Management Corp of Ontario decreased its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 2.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 205,548 shares of the bank’s stock after selling 6,195 shares during the period. Investment Management Corp of Ontario’s holdings in Toronto-Dominion Bank were worth $13,003,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Toronto-Dominion Bank by 1.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,761,308 shares of the bank’s stock valued at $617,166,000 after purchasing an additional 144,427 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Toronto-Dominion Bank by 61.1% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,011,579 shares of the bank’s stock valued at $380,118,000 after purchasing an additional 2,279,864 shares during the last quarter. Galibier Capital Management Ltd. lifted its stake in Toronto-Dominion Bank by 24.6% during the third quarter. Galibier Capital Management Ltd. now owns 608,613 shares of the bank’s stock valued at $38,527,000 after purchasing an additional 119,978 shares during the last quarter. Forsta AP Fonden lifted its stake in Toronto-Dominion Bank by 3.2% during the third quarter. Forsta AP Fonden now owns 466,500 shares of the bank’s stock valued at $29,531,000 after purchasing an additional 14,500 shares during the last quarter. Finally, FMR LLC lifted its stake in Toronto-Dominion Bank by 9.9% during the third quarter. FMR LLC now owns 6,553,761 shares of the bank’s stock valued at $414,417,000 after purchasing an additional 587,947 shares during the last quarter. Institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Performance

TD opened at $56.15 on Tuesday. The company has a market cap of $98.28 billion, a PE ratio of 17.96, a price-to-earnings-growth ratio of 1.95 and a beta of 0.82. The stock has a 50-day moving average of $58.17 and a 200-day moving average of $57.72. 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.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. National Bank Financial raised shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research note on Thursday, August 22nd. StockNews.com lowered Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Thursday, August 22nd. Royal Bank of Canada downgraded Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a report on Friday, October 11th. Finally, Barclays lowered shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $84.00.

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.