The Toronto-Dominion Bank (NYSE:TD) Shares Bought by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. grew its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 2.4% in the third quarter, Holdings Channel reports. The institutional investor owned 675,492 shares of the bank’s stock after acquiring an additional 15,513 shares during the quarter. Toronto-Dominion Bank accounts for 1.1% of Northwest & Ethical Investments L.P.’s holdings, making the stock its 11th largest holding. Northwest & Ethical Investments L.P.’s holdings in Toronto-Dominion Bank were worth $42,718,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Toronto-Dominion Bank Trading Up 0.9 %

Toronto-Dominion Bank stock traded up $0.51 during trading on Thursday, hitting $56.39. The company had a trading volume of 1,514,118 shares, compared to its average volume of 2,731,589. The stock has a market cap of $98.70 billion, a price-to-earnings ratio of 18.02, a price-to-earnings-growth ratio of 1.92 and a beta of 0.82. 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 1-year low of $53.52 and a 1-year high of $65.12. The company’s 50 day simple moving average is $58.49 and its 200-day simple moving average is $57.72.

Wall Street Analysts Forecast Growth

TD has been the topic of a number of recent research reports. StockNews.com cut shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Thursday, August 22nd. Barclays lowered Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. National Bank Financial raised 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 cut 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 assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Toronto-Dominion Bank has an average rating of “Hold” and an average price target of $84.00.

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.