Erste Asset Management GmbH Takes Position in The Toronto-Dominion Bank (NYSE:TD)

Erste Asset Management GmbH purchased a new position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 231,213 shares of the bank’s stock, valued at approximately $14,642,000.

Other large investors also recently added to or reduced their stakes in the company. CWM LLC lifted its holdings in shares of Toronto-Dominion Bank by 2.4% in the 3rd quarter. CWM LLC now owns 7,208 shares of the bank’s stock worth $456,000 after acquiring an additional 170 shares during the last quarter. Pathstone Holdings LLC lifted its stake in Toronto-Dominion Bank by 0.8% in the third quarter. Pathstone Holdings LLC now owns 22,309 shares of the bank’s stock worth $1,411,000 after purchasing an additional 184 shares during the last quarter. First Affirmative Financial Network boosted its position in shares of Toronto-Dominion Bank by 1.9% during the second quarter. First Affirmative Financial Network now owns 10,120 shares of the bank’s stock valued at $556,000 after buying an additional 190 shares during the period. Balanced Rock Investment Advisors LLC grew its stake in shares of Toronto-Dominion Bank by 1.4% during the second quarter. Balanced Rock Investment Advisors LLC now owns 14,959 shares of the bank’s stock valued at $822,000 after buying an additional 203 shares during the last quarter. Finally, Hexagon Capital Partners LLC raised its holdings in shares of Toronto-Dominion Bank by 18.5% in the third quarter. Hexagon Capital Partners LLC now owns 1,337 shares of the bank’s stock worth $85,000 after buying an additional 209 shares during the period. 52.37% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on TD shares. Barclays cut Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. Royal Bank of Canada cut shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a report on Friday, October 11th. 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. Finally, StockNews.com downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Thursday, August 22nd. Two investment 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, the stock currently has an average rating of “Hold” and an average target price of $84.00.

Toronto-Dominion Bank Stock Up 0.2 %

Shares of Toronto-Dominion Bank stock opened at $56.53 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market cap of $98.94 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 1.95 and a beta of 0.82. The firm’s 50-day moving average is $58.17 and its two-hundred day moving average is $57.72. The Toronto-Dominion Bank has a 1 year low of $53.52 and a 1 year high of $65.12.

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.