Wasatch Advisors LP Raises Stock Holdings in The Toronto-Dominion Bank (NYSE:TD)

Wasatch Advisors LP boosted its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 11.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,810 shares of the bank’s stock after buying an additional 4,080 shares during the quarter. Wasatch Advisors LP’s holdings in Toronto-Dominion Bank were worth $2,454,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of TD. Triad Wealth Partners LLC purchased a new stake in shares of Toronto-Dominion Bank during the 2nd quarter valued at about $31,000. Blue Trust Inc. increased its position in shares of Toronto-Dominion Bank by 50.7% during the 2nd quarter. Blue Trust Inc. now owns 630 shares of the bank’s stock valued at $38,000 after purchasing an additional 212 shares during the last quarter. Kimelman & Baird LLC purchased a new stake in shares of Toronto-Dominion Bank during the 2nd quarter valued at about $49,000. Eastern Bank bought a new position in shares of Toronto-Dominion Bank during the 3rd quarter valued at approximately $66,000. Finally, Lynx Investment Advisory bought a new position in shares of Toronto-Dominion Bank during the 2nd quarter valued at approximately $83,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Up 0.2 %

Shares of TD stock opened at $56.53 on Monday. The stock has a 50 day moving average of $58.17 and a 200 day moving average of $57.72. 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 stock has a market cap of $98.94 billion, a P/E ratio of 18.06, a P/E/G ratio of 1.95 and a beta of 0.82. The Toronto-Dominion Bank has a twelve month low of $53.52 and a twelve month high of $65.12.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TD. National Bank Financial upgraded Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research note on Thursday, August 22nd. StockNews.com lowered Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note 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 lowered Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $84.00.

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.