Zurcher Kantonalbank Zurich Cantonalbank Raises Stake in The Toronto-Dominion Bank (NYSE:TD)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 1.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 686,551 shares of the bank’s stock after buying an additional 11,139 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Toronto-Dominion Bank were worth $43,461,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. CWM LLC increased its holdings in Toronto-Dominion Bank by 2.4% in the 3rd quarter. CWM LLC now owns 7,208 shares of the bank’s stock valued at $456,000 after purchasing an additional 170 shares in the last quarter. Pathstone Holdings LLC grew its stake in shares of Toronto-Dominion Bank by 0.8% in the third quarter. Pathstone Holdings LLC now owns 22,309 shares of the bank’s stock valued at $1,411,000 after buying an additional 184 shares in the last quarter. First Affirmative Financial Network lifted its position in Toronto-Dominion Bank by 1.9% during the 2nd quarter. First Affirmative Financial Network now owns 10,120 shares of the bank’s stock worth $556,000 after acquiring an additional 190 shares in the last quarter. Balanced Rock Investment Advisors LLC boosted its holdings in Toronto-Dominion Bank by 1.4% in the 2nd quarter. Balanced Rock Investment Advisors LLC now owns 14,959 shares of the bank’s stock worth $822,000 after acquiring an additional 203 shares during the period. Finally, Hexagon Capital Partners LLC boosted its holdings in Toronto-Dominion Bank by 18.5% in the 3rd quarter. Hexagon Capital Partners LLC now owns 1,337 shares of the bank’s stock worth $85,000 after acquiring an additional 209 shares during the period. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Analyst Ratings Changes

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

Toronto-Dominion Bank Stock Performance

Shares of Toronto-Dominion Bank stock opened at $56.39 on Friday. The firm has a market cap of $98.70 billion, a PE ratio of 18.02, a price-to-earnings-growth ratio of 1.94 and a beta of 0.82. The Toronto-Dominion Bank has a 1 year low of $53.52 and a 1 year high of $65.12. The firm’s 50-day simple moving average is $58.33 and its 200-day simple moving average is $57.71. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.02 and a current ratio of 1.02.

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.