Raymond James Trust N.A. Lowers Stock Position in The Toronto-Dominion Bank (NYSE:TD)

Raymond James Trust N.A. decreased its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 13.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,836 shares of the bank’s stock after selling 1,226 shares during the quarter. Raymond James Trust N.A.’s holdings in Toronto-Dominion Bank were worth $496,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its stake in Toronto-Dominion Bank by 4.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,871,057 shares of the bank’s stock valued at $308,341,000 after acquiring an additional 221,574 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Toronto-Dominion Bank by 2.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 12,186,545 shares of the bank’s stock worth $770,921,000 after purchasing an additional 301,649 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Toronto-Dominion Bank by 1.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,761,308 shares of the bank’s stock worth $617,166,000 after purchasing an additional 144,427 shares during the period. PCJ Investment Counsel Ltd. grew its position in Toronto-Dominion Bank by 26.3% in the 3rd quarter. PCJ Investment Counsel Ltd. now owns 86,550 shares of the bank’s stock valued at $5,472,000 after buying an additional 18,010 shares during the last quarter. Finally, Commerce Bank acquired a new position in Toronto-Dominion Bank in the 3rd quarter valued at $207,000. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto-Dominion Bank Price Performance

Shares of NYSE TD opened at $55.88 on Wednesday. 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 stock has a market cap of $97.81 billion, a price-to-earnings ratio of 17.85, a PEG ratio of 1.94 and a beta of 0.82. The company’s 50-day moving average price is $58.62 and its 200 day moving average price is $57.73. The Toronto-Dominion Bank has a 52 week low of $53.52 and a 52 week high of $65.12.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. National Bank Financial raised shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a report on Thursday, August 22nd. Barclays cut Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. StockNews.com lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Thursday, August 22nd. Finally, Royal Bank of Canada downgraded shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a report on Friday, October 11th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Toronto-Dominion Bank presently has a consensus rating of “Hold” and an average price target of $84.00.

Toronto-Dominion Bank Company 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.