Pathstone Holdings LLC Increases Stake in The Toronto-Dominion Bank (NYSE:TD)

Pathstone Holdings LLC raised its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 0.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,309 shares of the bank’s stock after buying an additional 184 shares during the period. Pathstone Holdings LLC’s holdings in Toronto-Dominion Bank were worth $1,411,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Triad Wealth Partners LLC acquired a new stake in Toronto-Dominion Bank in the second quarter valued at approximately $31,000. Blue Trust Inc. raised its holdings in shares of Toronto-Dominion Bank by 50.7% in 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 in the last quarter. Kimelman & Baird LLC purchased a new stake in shares of Toronto-Dominion Bank during the 2nd quarter worth $49,000. Eastern Bank acquired a new position in shares of Toronto-Dominion Bank during the third quarter worth $66,000. Finally, Hexagon Capital Partners LLC increased its holdings in Toronto-Dominion Bank by 18.5% in the third 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 last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Performance

Shares of Toronto-Dominion Bank stock opened at $56.39 on Friday. The firm’s fifty day simple moving average is $58.33 and its 200-day simple moving average is $57.71. The Toronto-Dominion Bank has a 12 month low of $53.52 and a 12 month high of $65.12. The stock has a market capitalization of $98.70 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 1.92 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.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. StockNews.com cut Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Thursday, August 22nd. Barclays lowered shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. Royal Bank of Canada downgraded shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research report on Friday, October 11th. Finally, National Bank Financial raised shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research report on Thursday, August 22nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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.