Advisors Asset Management Inc. Cuts Stock Position in The Toronto-Dominion Bank (NYSE:TD)

Advisors Asset Management Inc. decreased its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 27.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,576 shares of the bank’s stock after selling 2,067 shares during the quarter. Advisors Asset Management Inc.’s holdings in Toronto-Dominion Bank were worth $353,000 as of its most recent SEC filing.

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

Toronto-Dominion Bank Trading Up 0.9 %

TD opened at $56.39 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.10. The stock’s fifty day moving average is $58.33 and its two-hundred day moving average is $57.71. The company has a market capitalization of $98.70 billion, a P/E ratio of 18.02, a PEG ratio of 1.92 and a beta of 0.82. The Toronto-Dominion Bank has a 52 week low of $53.52 and a 52 week high of $65.12.

Wall Street Analysts Forecast Growth

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