Commerce Bank Buys New Holdings in The Toronto-Dominion Bank (NYSE:TD)

Commerce Bank bought a new stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) in the 3rd quarter, Holdings Channel.com reports. The firm bought 3,269 shares of the bank’s stock, valued at approximately $207,000.

Other institutional investors also recently bought and sold shares of the company. Triad Wealth Partners LLC purchased a new stake in Toronto-Dominion Bank during the 2nd quarter valued at about $31,000. Blue Trust Inc. boosted its holdings in Toronto-Dominion Bank by 50.7% during the 2nd 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 period. Kimelman & Baird LLC purchased a new stake in Toronto-Dominion Bank during the 2nd quarter valued at about $49,000. BOKF NA boosted its holdings in Toronto-Dominion Bank by 203.6% during the 1st quarter. BOKF NA now owns 1,014 shares of the bank’s stock valued at $61,000 after acquiring an additional 680 shares during the period. Finally, Eastern Bank purchased a new stake in Toronto-Dominion Bank during the 3rd quarter valued at about $66,000. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on TD. Royal Bank of Canada cut Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a report 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 upgraded Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a report on Thursday, August 22nd. Finally, StockNews.com cut Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Thursday, August 22nd. Two equities research 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 company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $84.00.

Toronto-Dominion Bank Trading Up 0.9 %

TD opened at $56.39 on Thursday. The stock has a market cap of $98.70 billion, a PE ratio of 18.02, a PEG ratio of 1.92 and a beta of 0.82. 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 business has a 50 day moving average of $58.49 and a 200-day moving average of $57.72. The Toronto-Dominion Bank has a 52 week low of $53.52 and a 52 week 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.