The Toronto-Dominion Bank (NYSE:TD) Shares Bought by Cerity Partners LLC

Cerity Partners LLC grew its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 57.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 26,755 shares of the bank’s stock after purchasing an additional 9,725 shares during the quarter. Cerity Partners LLC’s holdings in Toronto-Dominion Bank were worth $1,693,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Toronto-Dominion Bank by 1.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,761,308 shares of the bank’s stock worth $617,166,000 after buying an additional 144,427 shares during the last quarter. Galibier Capital Management Ltd. boosted its position in shares of Toronto-Dominion Bank by 24.6% in the third quarter. Galibier Capital Management Ltd. now owns 608,613 shares of the bank’s stock worth $38,527,000 after acquiring an additional 119,978 shares during the last quarter. Forsta AP Fonden boosted its position in shares of Toronto-Dominion Bank by 3.2% in the third quarter. Forsta AP Fonden now owns 466,500 shares of the bank’s stock worth $29,531,000 after acquiring an additional 14,500 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. grew its holdings in Toronto-Dominion Bank by 4.5% in the third quarter. Dixon Mitchell Investment Counsel Inc. now owns 1,452,493 shares of the bank’s stock valued at $91,948,000 after purchasing an additional 62,569 shares during the period. Finally, Williams Financial LLC acquired a new position in Toronto-Dominion Bank during the second quarter worth approximately $10,454,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TD. 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. StockNews.com lowered Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Thursday, August 22nd. National Bank Financial raised Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research note on Thursday, August 22nd. Finally, Barclays downgraded shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research report on Thursday, November 21st. Two 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $84.00.

Toronto-Dominion Bank Trading Down 0.5 %

Shares of TD opened at $56.23 on Tuesday. 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 Toronto-Dominion Bank has a 12 month low of $53.52 and a 12 month high of $65.12. The stock has a market cap of $98.41 billion, a PE ratio of 17.96, a P/E/G ratio of 1.95 and a beta of 0.82. The stock’s 50-day moving average is $58.17 and its two-hundred day moving average is $57.72.

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.