Taylor Asset Management Inc. reduced its stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 13.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 488,300 shares of the bank’s stock after selling 74,900 shares during the period. Toronto Dominion Bank (The) makes up approximately 8.1% of Taylor Asset Management Inc.’s portfolio, making the stock its 6th largest position. Taylor Asset Management Inc.’s holdings in Toronto Dominion Bank (The) were worth $24,590,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of TD. Canada Pension Plan Investment Board raised its stake in shares of Toronto Dominion Bank (The) by 3,364.0% in the second quarter. Canada Pension Plan Investment Board now owns 2,899,388 shares of the bank’s stock valued at $145,896,000 after buying an additional 2,815,688 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Toronto Dominion Bank (The) by 4.7% in the first quarter. Vanguard Group Inc. now owns 39,517,247 shares of the bank’s stock valued at $1,979,418,000 after buying an additional 1,771,723 shares in the last quarter. APG Asset Management N.V. raised its stake in shares of Toronto Dominion Bank (The) by 49.0% in the second quarter. APG Asset Management N.V. now owns 4,140,236 shares of the bank’s stock valued at $270,564,000 after buying an additional 1,361,503 shares in the last quarter. OMERS ADMINISTRATION Corp raised its stake in shares of Toronto Dominion Bank (The) by 75.2% in the first quarter. OMERS ADMINISTRATION Corp now owns 3,150,300 shares of the bank’s stock valued at $157,344,000 after buying an additional 1,352,300 shares in the last quarter. Finally, TD Asset Management Inc. raised its stake in shares of Toronto Dominion Bank (The) by 2.3% in the second quarter. TD Asset Management Inc. now owns 52,854,789 shares of the bank’s stock valued at $2,659,630,000 after buying an additional 1,177,451 shares in the last quarter. 47.85% of the stock is owned by institutional investors and hedge funds.

Shares of Toronto Dominion Bank (NYSE:TD) opened at 51.46 on Wednesday. The firm has a 50-day moving average price of $51.13 and a 200 day moving average price of $49.80. The company has a market cap of $94.86 billion, a P/E ratio of 12.90 and a beta of 0.89. Toronto Dominion Bank has a 12 month low of $43.09 and a 12 month high of $54.44.

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Several analysts have issued reports on TD shares. Zacks Investment Research lowered Toronto Dominion Bank (The) from a “hold” rating to a “sell” rating in a research note on Thursday, May 4th. Royal Bank Of Canada upped their target price on Toronto Dominion Bank (The) from $68.00 to $70.00 and gave the stock a “sector perform” rating in a research note on Friday, May 26th. BidaskClub raised Toronto Dominion Bank (The) from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Canaccord Genuity started coverage on Toronto Dominion Bank (The) in a research report on Tuesday, July 18th. They issued a “buy” rating for the company. Finally, Barclays PLC upgraded Toronto Dominion Bank (The) from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, May 23rd. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $63.50.

Toronto Dominion Bank (The) Company Profile

Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.

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

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