Toronto-Dominion Bank (TD) Shares Bought by Scotia Capital Inc.
Scotia Capital Inc. lifted its stake in Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 0.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,484,730 shares of the bank’s stock after acquiring an additional 45,597 shares during the period. Toronto-Dominion Bank comprises about 5.8% of Scotia Capital Inc.’s holdings, making the stock its 3rd biggest position. Scotia Capital Inc.’s holdings in Toronto-Dominion Bank were worth $438,543,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TD. Teachers Advisors LLC lifted its stake in shares of Toronto-Dominion Bank by 3.7% in the second quarter. Teachers Advisors LLC now owns 2,556 shares of the bank’s stock valued at $129,000 after buying an additional 92 shares during the period. IFP Advisors Inc lifted its stake in shares of Toronto-Dominion Bank by 15.7% in the third quarter. IFP Advisors Inc now owns 12,895 shares of the bank’s stock valued at $726,000 after buying an additional 1,753 shares during the period. Csenge Advisory Group bought a new stake in shares of Toronto-Dominion Bank in the third quarter valued at about $277,000. Klingenstein Fields & Co. LLC bought a new stake in shares of Toronto-Dominion Bank in the third quarter valued at about $218,000. Finally, Lincluden Management Ltd. lifted its stake in shares of Toronto-Dominion Bank by 11.2% in the third quarter. Lincluden Management Ltd. now owns 2,225,321 shares of the bank’s stock valued at $125,344,000 after buying an additional 224,853 shares during the period. Institutional investors and hedge funds own 48.91% of the company’s stock.
Toronto-Dominion Bank (NYSE:TD) opened at $57.89 on Monday. Toronto-Dominion Bank has a 52-week low of $45.18 and a 52-week high of $61.06. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market cap of $106,817.18, a PE ratio of 12.98, a P/E/G ratio of 1.23 and a beta of 0.93.
TD has been the subject of several research reports. Zacks Investment Research cut shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Saturday, December 2nd. CIBC raised shares of Toronto-Dominion Bank from a “neutral” rating to an “outperform” rating in a research report on Thursday, February 1st. Scotiabank reissued a “buy” rating and issued a $83.00 price target on shares of Toronto-Dominion Bank in a research report on Wednesday, November 22nd. Finally, Bank of America increased their price target on shares of Toronto-Dominion Bank from $71.00 to $87.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $77.20.
About Toronto-Dominion Bank
Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.
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