Commerce Bank Takes $207,000 Position in The Toronto-Dominion Bank (NYSE:TD)

Commerce Bank purchased a new stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,269 shares of the bank’s stock, valued at approximately $207,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. West Family Investments Inc. raised its stake in shares of Toronto-Dominion Bank by 6.3% during the 3rd quarter. West Family Investments Inc. now owns 4,959 shares of the bank’s stock valued at $314,000 after purchasing an additional 294 shares during the period. Caprock Group LLC raised its stake in shares of Toronto-Dominion Bank by 6.2% during the 3rd quarter. Caprock Group LLC now owns 5,885 shares of the bank’s stock valued at $372,000 after purchasing an additional 343 shares during the period. Pathstone Holdings LLC raised its stake in shares of Toronto-Dominion Bank by 0.8% during the 3rd quarter. Pathstone Holdings LLC now owns 22,309 shares of the bank’s stock valued at $1,411,000 after purchasing an additional 184 shares during the period. Drive Wealth Management LLC raised its stake in shares of Toronto-Dominion Bank by 13.6% during the 3rd quarter. Drive Wealth Management LLC now owns 5,959 shares of the bank’s stock valued at $377,000 after purchasing an additional 714 shares during the period. Finally, Natixis Advisors LLC raised its stake in shares of Toronto-Dominion Bank by 65.4% during the 3rd quarter. Natixis Advisors LLC now owns 67,104 shares of the bank’s stock valued at $4,245,000 after purchasing an additional 26,522 shares during the period. 52.37% of the stock is currently owned by institutional investors.

Toronto-Dominion Bank Price Performance

Shares of Toronto-Dominion Bank stock opened at $56.39 on Thursday. 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 firm has a market capitalization of $98.70 billion, a PE ratio of 18.02, a price-to-earnings-growth ratio of 1.92 and a beta of 0.82. The business’s 50-day moving average price is $58.49 and its 200-day moving average price is $57.72. The Toronto-Dominion Bank has a 12 month low of $53.52 and a 12 month high of $65.12.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TD shares. Royal Bank of Canada lowered Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research note on Friday, October 11th. National Bank Financial upgraded Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research note on Thursday, August 22nd. StockNews.com lowered Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Thursday, August 22nd. Finally, Barclays lowered Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company 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.