Toronto Dominion Bank (The) $TD is 1832 Asset Management L.P.’s 4th Largest Position

1832 Asset Management L.P. increased its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 0.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,548,848 shares of the bank’s stock after buying an additional 101,678 shares during the quarter. Toronto Dominion Bank accounts for about 1.3% of 1832 Asset Management L.P.’s portfolio, making the stock its 4th largest position. 1832 Asset Management L.P. owned approximately 1.31% of Toronto Dominion Bank worth $1,656,213,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in TD. Norges Bank acquired a new position in Toronto Dominion Bank during the 2nd quarter worth approximately $1,543,639,000. Goldman Sachs Group Inc. lifted its position in shares of Toronto Dominion Bank by 93.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 12,216,411 shares of the bank’s stock worth $732,252,000 after purchasing an additional 5,917,078 shares during the last quarter. Federation des caisses Desjardins du Quebec lifted its position in shares of Toronto Dominion Bank by 48.9% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 14,785,565 shares of the bank’s stock worth $886,174,000 after purchasing an additional 4,853,498 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Toronto Dominion Bank by 81.6% during the first quarter. Canada Pension Plan Investment Board now owns 10,524,446 shares of the bank’s stock worth $630,746,000 after purchasing an additional 4,729,657 shares in the last quarter. Finally, Picton Mahoney Asset Management purchased a new position in Toronto Dominion Bank in the second quarter valued at $267,475,000. 52.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TD. Raymond James Financial raised Toronto Dominion Bank to a “hold” rating in a report on Monday, November 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, October 8th. Royal Bank Of Canada raised shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Friday, October 3rd. Desjardins upgraded shares of Toronto Dominion Bank from a “hold” rating to a “buy” rating in a research report on Wednesday, August 13th. Finally, Jefferies Financial Group downgraded shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $93.00.

Toronto Dominion Bank Stock Performance

Shares of TD stock opened at $84.47 on Wednesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $142.70 billion, a price-to-earnings ratio of 9.87, a price-to-earnings-growth ratio of 1.68 and a beta of 0.79. Toronto Dominion Bank has a one year low of $51.25 and a one year high of $84.55. The company has a 50 day moving average price of $81.06 and a 200 day moving average price of $75.86.

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.