Healthcare of Ontario Pension Plan Trust Fund Grows Stock Holdings in The Toronto-Dominion Bank (NYSE:TD)

Healthcare of Ontario Pension Plan Trust Fund boosted its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 61.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 6,011,579 shares of the bank’s stock after acquiring an additional 2,279,864 shares during the period. Toronto-Dominion Bank comprises approximately 0.9% of Healthcare of Ontario Pension Plan Trust Fund’s holdings, making the stock its 19th biggest holding. Healthcare of Ontario Pension Plan Trust Fund owned 0.34% of Toronto-Dominion Bank worth $380,118,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Triad Wealth Partners LLC acquired a new position in shares of Toronto-Dominion Bank in the 2nd quarter valued at $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 purchasing an additional 212 shares during the last quarter. Kimelman & Baird LLC acquired a new position in shares of Toronto-Dominion Bank in the 2nd quarter valued at $49,000. BOKF NA boosted its holdings in shares of Toronto-Dominion Bank by 203.6% in the 1st quarter. BOKF NA now owns 1,014 shares of the bank’s stock valued at $61,000 after purchasing an additional 680 shares during the last quarter. Finally, Eastern Bank acquired a new position in shares of Toronto-Dominion Bank in the 3rd quarter valued at $66,000. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Stock Performance

Shares of TD stock opened at $55.88 on Wednesday. The Toronto-Dominion Bank has a 12 month low of $53.52 and a 12 month high of $65.12. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market capitalization of $97.81 billion, a P/E ratio of 17.85, a P/E/G ratio of 1.92 and a beta of 0.82. The company’s fifty day moving average price is $58.62 and its two-hundred day moving average price is $57.73.

Analysts Set New Price Targets

A number of brokerages have weighed in on TD. Barclays lowered shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. National Bank Financial upgraded shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a report on Thursday, August 22nd. Royal Bank of Canada lowered shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a report on Friday, October 11th. Finally, StockNews.com lowered shares of 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 issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $84.00.

Toronto-Dominion Bank 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.