Fmr LLC Purchases 587,947 Shares of The Toronto-Dominion Bank (NYSE:TD)

Fmr LLC grew its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 9.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,553,761 shares of the bank’s stock after buying an additional 587,947 shares during the quarter. Fmr LLC owned 0.37% of Toronto-Dominion Bank worth $414,417,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Triad Wealth Partners LLC purchased a new stake in Toronto-Dominion Bank in the second quarter worth $31,000. Blue Trust Inc. grew its holdings in shares of Toronto-Dominion Bank by 50.7% in the second quarter. Blue Trust Inc. now owns 630 shares of the bank’s stock worth $38,000 after purchasing an additional 212 shares during the last quarter. Kimelman & Baird LLC purchased a new position in Toronto-Dominion Bank in the 2nd quarter worth about $49,000. Eastern Bank purchased a new stake in Toronto-Dominion Bank in the 3rd quarter valued at about $66,000. Finally, Hexagon Capital Partners LLC boosted its position in Toronto-Dominion Bank by 18.5% in the 3rd quarter. Hexagon Capital Partners LLC now owns 1,337 shares of the bank’s stock valued at $85,000 after buying an additional 209 shares during the period. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TD. StockNews.com downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Thursday, August 22nd. National Bank Financial upgraded Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a report on Thursday, August 22nd. Royal Bank of Canada lowered Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research note on Friday, October 11th. Finally, Barclays cut shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. Two 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $84.00.

Toronto-Dominion Bank Trading Up 0.3 %

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

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.