Resources Management Corp CT ADV Acquires Shares of 138,102 Toronto-Dominion Bank (NYSE:TD)

Resources Management Corp CT ADV acquired a new position in Toronto-Dominion Bank (NYSE:TD) (TSE:TD) in the 3rd quarter, Holdings Channel reports. The firm acquired 138,102 shares of the bank’s stock, valued at approximately $8,046,000. Toronto-Dominion Bank accounts for approximately 1.5% of Resources Management Corp CT ADV’s investment portfolio, making the stock its 21st largest position.

Other hedge funds and other institutional investors also recently modified their holdings of the company. NEXT Financial Group Inc grew its stake in Toronto-Dominion Bank by 498.9% in the second quarter. NEXT Financial Group Inc now owns 1,138 shares of the bank’s stock valued at $66,000 after purchasing an additional 948 shares in the last quarter. Squar Milner Financial Services LLC boosted its holdings in shares of Toronto-Dominion Bank by 568.7% in the 2nd quarter. Squar Milner Financial Services LLC now owns 1,451 shares of the bank’s stock valued at $85,000 after buying an additional 1,234 shares during the last quarter. Wetherby Asset Management Inc. grew its stake in shares of Toronto-Dominion Bank by 5.1% in the second quarter. Wetherby Asset Management Inc. now owns 30,456 shares of the bank’s stock valued at $1,778,000 after buying an additional 1,481 shares in the last quarter. Polaris Greystone Financial Group LLC grew its stake in shares of Toronto-Dominion Bank by 3.5% in the second quarter. Polaris Greystone Financial Group LLC now owns 57,894 shares of the bank’s stock valued at $3,393,000 after buying an additional 1,955 shares in the last quarter. Finally, Ballentine Partners LLC grew its stake in shares of Toronto-Dominion Bank by 8.8% in the second quarter. Ballentine Partners LLC now owns 13,910 shares of the bank’s stock valued at $812,000 after buying an additional 1,129 shares in the last quarter. Institutional investors and hedge funds own 47.39% of the company’s stock.

TD has been the topic of several analyst reports. ValuEngine lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 13th. National Bank Financial set a $84.00 price objective on shares of Toronto-Dominion Bank and gave the company a “buy” rating in a research report on Friday, August 30th. Canaccord Genuity set a $81.00 price objective on shares of Toronto-Dominion Bank and gave the stock a “buy” rating in a research note on Friday, August 30th. Zacks Investment Research raised shares of Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, BMO Capital Markets downgraded shares of Toronto-Dominion Bank from an “outperform” rating to a “market perform” rating and cut their target price for the company from $85.00 to $78.00 in a research note on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $78.27.

TD traded up $0.37 during trading hours on Wednesday, reaching $57.32. The company’s stock had a trading volume of 2,327,427 shares, compared to its average volume of 1,188,579. The company’s 50-day moving average is $57.48 and its 200-day moving average is $56.85. Toronto-Dominion Bank has a 52 week low of $47.73 and a 52 week high of $59.55. The firm has a market cap of $103.53 billion, a PE ratio of 11.40, a price-to-earnings-growth ratio of 1.93 and a beta of 1.06. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.01.

Toronto-Dominion Bank Company Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.

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Institutional Ownership by Quarter for Toronto-Dominion Bank (NYSE:TD)

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