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Intech Investment Management LLC Trims Stake in The Toronto-Dominion Bank (NYSE:TD)

Toronto-Dominion Bank logo with Finance background

Intech Investment Management LLC lessened its holdings in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 12.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 263,873 shares of the bank's stock after selling 36,345 shares during the quarter. Intech Investment Management LLC's holdings in Toronto-Dominion Bank were worth $16,704,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Triad Wealth Partners LLC purchased a new position in Toronto-Dominion Bank during the second quarter valued at $31,000. Blue Trust Inc. lifted its position in shares of 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 buying an additional 212 shares in the last quarter. Kimelman & Baird LLC bought a new position in shares of Toronto-Dominion Bank during the 2nd quarter valued at approximately $49,000. BOKF NA increased its holdings in Toronto-Dominion Bank by 203.6% in the 1st quarter. BOKF NA now owns 1,014 shares of the bank's stock worth $61,000 after acquiring an additional 680 shares in the last quarter. Finally, Eastern Bank bought a new stake in Toronto-Dominion Bank during the 3rd quarter worth approximately $66,000. Institutional investors own 52.37% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TD. StockNews.com cut shares of Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research note on Thursday, August 22nd. Royal Bank of Canada cut Toronto-Dominion Bank from an "outperform" rating to a "sector perform" rating in a report on Friday, October 11th. Finally, National Bank Financial upgraded Toronto-Dominion Bank from an "underperform" rating to a "sector perform" rating in a research report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $84.00.

Get Our Latest Stock Report on TD

Toronto-Dominion Bank Trading Up 0.2 %

Shares of Toronto-Dominion Bank stock opened at $55.94 on Thursday. The Toronto-Dominion Bank has a twelve month low of $53.52 and a twelve month high of $65.12. 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 price of $59.14 and a 200-day moving average price of $57.71. The firm has a market cap of $97.91 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 1.59 and a beta of 0.82.

Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last released its quarterly earnings results on Thursday, August 22nd. The bank reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.56. The business had revenue of $14.18 billion during the quarter, compared to analysts' expectations of $9.40 billion. Toronto-Dominion Bank had a return on equity of 14.34% and a net margin of 6.94%. The firm's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.48 EPS. Equities research analysts anticipate that The Toronto-Dominion Bank will post 5.76 EPS for the current fiscal year.

About Toronto-Dominion Bank

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding TD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD.

Institutional Ownership by Quarter for Toronto-Dominion Bank (NYSE:TD)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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