Portland Investment Counsel Inc. Purchases 3,600 Shares of The Toronto-Dominion Bank (NYSE:TD)

Portland Investment Counsel Inc. raised its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 1.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 195,400 shares of the bank’s stock after purchasing an additional 3,600 shares during the quarter. Toronto-Dominion Bank comprises approximately 4.4% of Portland Investment Counsel Inc.’s portfolio, making the stock its 10th largest holding. Portland Investment Counsel Inc.’s holdings in Toronto-Dominion Bank were worth $12,356,000 as of its most recent SEC filing.

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

Toronto-Dominion Bank Price Performance

Toronto-Dominion Bank stock opened at $56.56 on Friday. The firm has a market capitalization of $99.00 billion, a PE ratio of 18.07, a P/E/G ratio of 1.94 and a beta of 0.82. The Toronto-Dominion Bank has a 52 week low of $53.52 and a 52 week high of $65.12. The firm’s 50-day simple moving average is $58.17 and its 200 day simple moving average is $57.71. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.10.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. StockNews.com lowered Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Thursday, August 22nd. Barclays downgraded shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. National Bank Financial upgraded shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research report on Thursday, August 22nd. Finally, Royal Bank of Canada downgraded shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research report on Friday, October 11th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $84.00.

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.