PNC Financial Services Group Inc. Has $1.99 Million Position in The Toronto-Dominion Bank (NYSE:TD)

PNC Financial Services Group Inc. lowered its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 16.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,505 shares of the bank’s stock after selling 5,997 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Toronto-Dominion Bank were worth $1,993,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Triad Wealth Partners LLC acquired a new stake in Toronto-Dominion Bank during the second quarter worth approximately $31,000. Blue Trust Inc. raised its holdings 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 worth $38,000 after buying an additional 212 shares in the last quarter. Kimelman & Baird LLC bought a new stake in shares of Toronto-Dominion Bank during the 2nd quarter worth $49,000. BOKF NA boosted its stake in Toronto-Dominion Bank by 203.6% in the first quarter. BOKF NA now owns 1,014 shares of the bank’s stock valued at $61,000 after buying an additional 680 shares in the last quarter. Finally, Eastern Bank bought a new position in Toronto-Dominion Bank in the third quarter valued at about $66,000. Institutional investors and hedge funds own 52.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TD. StockNews.com downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Thursday, August 22nd. Royal Bank of Canada lowered shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research report on Friday, October 11th. National Bank Financial upgraded shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a report on Thursday, August 22nd. Finally, Barclays downgraded Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. Two investment 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 stock. Based on data from MarketBeat, Toronto-Dominion Bank has a consensus rating of “Hold” and a consensus price target of $84.00.

Toronto-Dominion Bank Price Performance

Shares of NYSE TD opened at $55.88 on Wednesday. The firm has a market capitalization of $97.81 billion, a P/E ratio of 17.85, a P/E/G ratio of 1.94 and a beta of 0.82. The firm’s 50-day moving average price is $58.62 and its 200-day moving average price is $57.73. 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 Toronto-Dominion Bank has a 1-year low of $53.52 and a 1-year high of $65.12.

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.