The Manufacturers Life Insurance Company Has $854.82 Million Stock Holdings in The Toronto-Dominion Bank (NYSE:TD)

The Manufacturers Life Insurance Company raised its stake in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 24.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,509,261 shares of the bank's stock after purchasing an additional 2,689,532 shares during the period. Toronto-Dominion Bank accounts for approximately 0.7% of The Manufacturers Life Insurance Company's investment portfolio, making the stock its 20th biggest position. The Manufacturers Life Insurance Company owned approximately 0.77% of Toronto-Dominion Bank worth $854,815,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TD. Triad Wealth Partners LLC acquired a new stake in Toronto-Dominion Bank during the 2nd quarter worth approximately $31,000. Blue Trust Inc. increased its position in Toronto-Dominion Bank by 50.7% during the 2nd quarter. Blue Trust Inc. now owns 630 shares of the bank's stock worth $38,000 after buying an additional 212 shares during the period. Kimelman & Baird LLC bought a new stake in shares of Toronto-Dominion Bank in the second quarter valued at about $49,000. BOKF NA boosted its position in shares of Toronto-Dominion Bank by 203.6% in the first quarter. BOKF NA now owns 1,014 shares of the bank's stock valued at $61,000 after acquiring an additional 680 shares during the period. Finally, Eastern Bank acquired a new position in shares of Toronto-Dominion Bank in the third quarter valued at about $66,000. 52.37% of the stock is owned by institutional investors.

Toronto-Dominion Bank Price Performance

TD traded up $0.04 during trading on Tuesday, hitting $55.88. 1,557,854 shares of the stock traded hands, compared to its average volume of 2,737,173. The business has a 50 day moving average price of $58.62 and a 200 day moving average price of $57.73. The company has a market cap of $97.81 billion, a price-to-earnings ratio of 17.85, a PEG ratio of 1.94 and a beta of 0.82. The Toronto-Dominion Bank has a twelve month low of $53.52 and a twelve 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.

Wall Street Analysts Forecast Growth

TD has been the subject of a number of recent research reports. Royal Bank of Canada downgraded shares of Toronto-Dominion Bank from an "outperform" rating to a "sector perform" rating in a report on Friday, October 11th. Barclays downgraded Toronto-Dominion Bank from an "equal weight" rating to an "underweight" rating in a research report on Thursday, November 21st. National Bank Financial raised Toronto-Dominion Bank from an "underperform" rating to a "sector perform" rating in a report on Thursday, August 22nd. Finally, StockNews.com lowered 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 given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price 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.