The Toronto-Dominion Bank (NYSE:TD) Stock Holdings Increased by Portland Investment Counsel Inc.

Portland Investment Counsel Inc. increased its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 1.9% in the third quarter, HoldingsChannel reports. The firm owned 195,400 shares of the bank’s stock after buying an additional 3,600 shares during the quarter. Toronto-Dominion Bank makes up approximately 4.4% of Portland Investment Counsel Inc.’s holdings, making the stock its 10th biggest holding. Portland Investment Counsel Inc.’s holdings in Toronto-Dominion Bank were worth $12,356,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Triad Wealth Partners LLC purchased a new position in shares of Toronto-Dominion Bank during the 2nd quarter worth $31,000. Blue Trust Inc. increased its stake in Toronto-Dominion Bank by 50.7% in the second quarter. Blue Trust Inc. now owns 630 shares of the bank’s stock valued at $38,000 after purchasing an additional 212 shares during the last quarter. Kimelman & Baird LLC purchased a new position in Toronto-Dominion Bank during the second quarter worth about $49,000. Eastern Bank acquired a new stake in Toronto-Dominion Bank in the 3rd quarter worth about $66,000. Finally, Hexagon Capital Partners LLC grew its holdings in Toronto-Dominion Bank by 18.5% in the 3rd quarter. Hexagon Capital Partners LLC now owns 1,337 shares of the bank’s stock valued at $85,000 after buying an additional 209 shares during the period. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Toronto-Dominion Bank Stock Up 0.3 %

Shares of Toronto-Dominion Bank stock opened at $56.56 on Friday. The Toronto-Dominion Bank has a twelve month low of $53.52 and a twelve month high of $65.12. The stock has a market cap of $99.00 billion, a price-to-earnings ratio of 18.07, a price-to-earnings-growth ratio of 1.94 and a beta of 0.82. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.10. The company has a fifty day moving average price of $58.17 and a 200 day moving average price of $57.71.

About Toronto-Dominion Bank

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.