1832 Asset Management L.P. Has $1.66 Billion Stock Position in Toronto Dominion Bank (The) $TD

1832 Asset Management L.P. lifted its stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 0.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 22,548,848 shares of the bank’s stock after buying an additional 101,678 shares during the quarter. Toronto Dominion Bank makes up about 1.3% of 1832 Asset Management L.P.’s holdings, making the stock its 4th biggest holding. 1832 Asset Management L.P.’s holdings in Toronto Dominion Bank were worth $1,656,213,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of TD. Quaker Wealth Management LLC increased its holdings in Toronto Dominion Bank by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 428 shares of the bank’s stock worth $31,000 after purchasing an additional 856 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new position in shares of Toronto Dominion Bank during the second quarter worth about $32,000. Richardson Financial Services Inc. bought a new position in shares of Toronto Dominion Bank during the second quarter worth about $34,000. Tobam grew its holdings in shares of Toronto Dominion Bank by 44.5% during the second quarter. Tobam now owns 490 shares of the bank’s stock worth $36,000 after buying an additional 151 shares in the last quarter. Finally, VSM Wealth Advisory LLC bought a new stake in Toronto Dominion Bank in the 2nd quarter valued at approximately $39,000. Institutional investors and hedge funds own 52.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TD shares. Desjardins upgraded shares of Toronto Dominion Bank from a “hold” rating to a “buy” rating in a research note on Wednesday, August 13th. Jefferies Financial Group cut Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Weiss Ratings restated a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday, October 8th. Zacks Research cut Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Finally, Raymond James Financial raised Toronto Dominion Bank to a “hold” rating in a report on Monday, November 24th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Toronto Dominion Bank has an average rating of “Moderate Buy” and an average target price of $93.00.

Toronto Dominion Bank Stock Up 1.2%

Shares of TD opened at $84.47 on Wednesday. The firm has a 50 day simple moving average of $81.06 and a two-hundred day simple moving average of $75.86. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.02 and a quick ratio of 1.02. Toronto Dominion Bank has a one year low of $51.25 and a one year high of $84.55. The company has a market cap of $142.70 billion, a P/E ratio of 9.87, a P/E/G ratio of 1.68 and a beta of 0.79.

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.