Erste Asset Management GmbH Acquires Shares of 231,213 The Toronto-Dominion Bank (NYSE:TD)

Erste Asset Management GmbH bought a new position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 231,213 shares of the bank’s stock, valued at approximately $14,642,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Mackenzie Financial Corp increased its stake in shares of Toronto-Dominion Bank by 0.8% during the second quarter. Mackenzie Financial Corp now owns 25,997,122 shares of the bank’s stock valued at $1,429,186,000 after purchasing an additional 218,807 shares in the last quarter. 1832 Asset Management L.P. raised its stake in Toronto-Dominion Bank by 6.0% during the second quarter. 1832 Asset Management L.P. now owns 25,803,480 shares of the bank’s stock valued at $1,418,159,000 after buying an additional 1,462,794 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of Toronto-Dominion Bank by 5.4% in the third quarter. CIBC Asset Management Inc now owns 16,515,643 shares of the bank’s stock worth $1,046,825,000 after buying an additional 853,313 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Toronto-Dominion Bank by 9.6% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 13,814,269 shares of the bank’s stock valued at $759,449,000 after buying an additional 1,206,574 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Toronto-Dominion Bank by 24.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 13,509,261 shares of the bank’s stock valued at $854,815,000 after purchasing an additional 2,689,532 shares during the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Analyst Ratings Changes

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

Toronto-Dominion Bank Stock Up 0.2 %

Shares of TD stock opened at $56.53 on Monday. 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 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 $98.94 billion, a P/E ratio of 18.06, a P/E/G ratio of 1.95 and a beta of 0.82. The company has a 50 day simple moving average of $58.17 and a two-hundred day simple moving average of $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.