The Toronto-Dominion Bank (NYSE:TD) Shares Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company raised its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 24.9% during the third quarter, HoldingsChannel.com reports. The firm owned 13,509,261 shares of the bank’s stock after buying an additional 2,689,532 shares during the period. Toronto-Dominion Bank makes up about 0.7% of The Manufacturers Life Insurance Company’s portfolio, making the stock its 20th biggest holding. The Manufacturers Life Insurance Company’s holdings in Toronto-Dominion Bank were worth $854,815,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Triad Wealth Partners LLC bought a new position in Toronto-Dominion Bank during the 2nd quarter worth approximately $31,000. Blue Trust Inc. boosted its holdings in shares of Toronto-Dominion Bank by 50.7% in the 2nd quarter. Blue Trust Inc. now owns 630 shares of the bank’s stock valued at $38,000 after buying an additional 212 shares during the period. Kimelman & Baird LLC bought a new stake in shares of Toronto-Dominion Bank during the 2nd quarter valued at about $49,000. BOKF NA grew its position in shares of 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 buying an additional 680 shares during the last quarter. Finally, Eastern Bank acquired a new stake in Toronto-Dominion Bank during the third quarter worth about $66,000. Institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Performance

TD stock opened at $55.83 on Tuesday. The company has a market capitalization of $97.72 billion, a P/E ratio of 17.84, a PEG ratio of 1.94 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 company has a 50-day simple moving average of $58.76 and a 200 day simple moving average of $57.74. The Toronto-Dominion Bank has a fifty-two week low of $53.52 and a fifty-two week high of $65.12.

Analysts Set New Price Targets

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

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.