Toronto Dominion Bank (The) $TD Shares Bought by West Family Investments Inc.

West Family Investments Inc. grew its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 63.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,918 shares of the bank’s stock after purchasing an additional 2,303 shares during the period. West Family Investments Inc.’s holdings in Toronto Dominion Bank were worth $435,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in TD. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Toronto Dominion Bank by 309.6% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 996,707 shares of the bank’s stock valued at $73,208,000 after purchasing an additional 753,374 shares during the period. Norges Bank acquired a new position in Toronto Dominion Bank during the second quarter worth about $1,543,639,000. Grantham Mayo Van Otterloo & Co. LLC increased its holdings in Toronto Dominion Bank by 5.6% in the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 780,723 shares of the bank’s stock valued at $57,309,000 after buying an additional 41,691 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Toronto Dominion Bank during the 2nd quarter valued at approximately $32,000. Finally, Te Ahumairangi Investment Management Ltd boosted its stake in shares of Toronto Dominion Bank by 3.3% during the 2nd quarter. Te Ahumairangi Investment Management Ltd now owns 61,351 shares of the bank’s stock worth $4,503,000 after acquiring an additional 1,970 shares in the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Jefferies Financial Group downgraded Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Zacks Research lowered Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Royal Bank Of Canada raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 3rd. Desjardins upgraded shares of Toronto Dominion Bank from a “hold” rating to a “buy” rating in a research report on Wednesday, August 13th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $93.00.

Toronto Dominion Bank Stock Up 0.9%

Shares of NYSE:TD opened at $84.21 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $142.27 billion, a P/E ratio of 9.84, a P/E/G ratio of 1.68 and a beta of 0.79. Toronto Dominion Bank has a 52-week low of $51.25 and a 52-week high of $84.06. The stock’s fifty day simple moving average is $80.86 and its 200-day simple moving average is $75.51.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings data on Thursday, August 28th. The bank reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.45. The firm had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $13.73 billion. Toronto Dominion Bank had a return on equity of 13.59% and a net margin of 16.40%.The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.05 EPS. As a group, equities research analysts forecast that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

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.