BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Reduces Stake in The Toronto-Dominion Bank (NYSE:TD)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 1.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,676,441 shares of the bank’s stock after selling 137,828 shares during the period. Toronto-Dominion Bank comprises approximately 5.2% of BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s investment portfolio, making the stock its largest holding. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.78% of Toronto-Dominion Bank worth $864,703,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Cetera Investment Advisers raised its stake in shares of Toronto-Dominion Bank by 173.2% during the 1st quarter. Cetera Investment Advisers now owns 74,887 shares of the bank’s stock worth $4,522,000 after purchasing an additional 47,477 shares during the period. Cetera Advisors LLC raised its stake in shares of Toronto-Dominion Bank by 217.1% during the 1st quarter. Cetera Advisors LLC now owns 34,664 shares of the bank’s stock worth $2,093,000 after purchasing an additional 23,732 shares during the period. Transcend Capital Advisors LLC raised its stake in shares of Toronto-Dominion Bank by 2.5% during the 2nd quarter. Transcend Capital Advisors LLC now owns 21,007 shares of the bank’s stock worth $1,155,000 after purchasing an additional 506 shares during the period. Trust Co. of Vermont raised its stake in shares of Toronto-Dominion Bank by 1.5% during the 2nd quarter. Trust Co. of Vermont now owns 50,265 shares of the bank’s stock worth $2,763,000 after purchasing an additional 766 shares during the period. Finally, Lynx Investment Advisory bought a new stake in Toronto-Dominion Bank in the 2nd quarter valued at about $83,000. 52.37% of the stock is currently owned by institutional investors.

Toronto-Dominion Bank Stock Performance

NYSE:TD opened at $56.56 on Friday. The business has a 50 day moving average of $58.17 and a 200 day moving average of $57.71. The company has a market capitalization of $99.00 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 1.94 and a beta of 0.82. The Toronto-Dominion Bank has a 1-year low of $53.52 and a 1-year high of $65.12. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.02 and a quick ratio of 1.02.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Barclays cut Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. 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. National Bank Financial upgraded Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research note on Thursday, August 22nd. Finally, StockNews.com lowered Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Thursday, August 22nd. Two equities research 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $84.00.

About Toronto-Dominion Bank

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.