Toronto-Dominion Bank (NYSE:TD) Upgraded to Outperform at BMO Capital Markets

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) was upgraded by equities researchers at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Thursday, Marketbeat reports.

A number of other equities analysts have also commented on TD. Jefferies Financial Group upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. StockNews.com downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Tuesday. National Bank Financial raised Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a report on Thursday, August 22nd. Royal Bank of Canada reduced their price objective on Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating on the stock in a research note on Friday, December 6th. Finally, Barclays lowered Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $80.50.

Toronto-Dominion Bank Stock Up 1.3 %

Shares of NYSE TD opened at $52.25 on Thursday. Toronto-Dominion Bank has a 52-week low of $51.25 and a 52-week high of $65.12. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.02 and a current ratio of 1.03. The business has a fifty day moving average of $55.37 and a two-hundred day moving average of $57.43. The stock has a market cap of $91.45 billion, a PE ratio of 15.06, a PEG ratio of 1.69 and a beta of 0.82.

Institutional Investors Weigh In On Toronto-Dominion Bank

Institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company boosted its holdings in shares of Toronto-Dominion Bank by 24.9% in the third quarter. The Manufacturers Life Insurance Company now owns 13,509,261 shares of the bank’s stock valued at $854,815,000 after buying an additional 2,689,532 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Toronto-Dominion Bank by 61.1% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,011,579 shares of the bank’s stock worth $380,118,000 after purchasing an additional 2,279,864 shares during the period. Dimensional Fund Advisors LP increased its holdings in Toronto-Dominion Bank by 61.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,806,974 shares of the bank’s stock worth $319,151,000 after purchasing an additional 2,215,185 shares in the last quarter. Quadrature Capital Ltd raised its stake in shares of Toronto-Dominion Bank by 175.5% in the 3rd quarter. Quadrature Capital Ltd now owns 2,467,300 shares of the bank’s stock valued at $156,202,000 after purchasing an additional 1,571,700 shares during the period. Finally, 1832 Asset Management L.P. lifted its holdings in shares of Toronto-Dominion Bank by 6.0% in the second quarter. 1832 Asset Management L.P. now owns 25,803,480 shares of the bank’s stock valued at $1,418,159,000 after purchasing an additional 1,462,794 shares in the last quarter. 52.37% of the stock is owned by institutional investors and hedge funds.

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.