American Century Companies Inc. Purchases 10,285 Shares of Toronto Dominion Bank (The) $TD

Key Points

• American Century Companies Inc. increased its holdings in Toronto Dominion Bank by 3.1%, acquiring an additional 10,285 shares, bringing its total stake to 344,422 shares valued at approximately $20.64 million.
• Hedge funds and institutional investors collectively own 52.37% of Toronto Dominion Bank's stock, with notable stake increases from firms such as Goldman Sachs, which raised its stake by 93.9% in the recent quarter.
• Research analysts have mixed ratings on Toronto Dominion Bank, with a current consensus rating of "Hold" and a price target of $93.00 following recent analyses and adjustments.

American Century Companies Inc. raised its position in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 3.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 344,422 shares of the bank's stock after buying an additional 10,285 shares during the quarter. American Century Companies Inc.'s holdings in Toronto Dominion Bank were worth $20,638,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of TD. Vanguard Group Inc. grew its stake in Toronto Dominion Bank by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 74,634,839 shares of the bank's stock worth $4,472,194,000 after purchasing an additional 516,288 shares in the last quarter. TD Asset Management Inc boosted its holdings in Toronto Dominion Bank by 0.4% in the first quarter. TD Asset Management Inc now owns 37,035,579 shares of the bank's stock valued at $2,218,918,000 after purchasing an additional 162,563 shares during the last quarter. Mackenzie Financial Corp lifted its position in shares of Toronto Dominion Bank by 4.5% in the 1st quarter. Mackenzie Financial Corp now owns 29,252,736 shares of the bank's stock worth $1,752,806,000 after buying an additional 1,262,062 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Toronto Dominion Bank by 1.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 12,396,341 shares of the bank's stock worth $743,037,000 after purchasing an additional 181,781 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of Toronto Dominion Bank by 93.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 12,216,411 shares of the bank's stock valued at $732,252,000 after acquiring an additional 5,917,078 shares during the last quarter. 52.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TD has been the subject of a number of research analyst reports. Scotiabank assumed coverage on shares of Toronto Dominion Bank in a research report on Thursday, May 15th. They issued a "sector perform" rating for the company. Desjardins upgraded shares of Toronto Dominion Bank from a "hold" rating to a "buy" rating in a research note on Wednesday, August 13th. Zacks Research downgraded shares of Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Wall Street Zen raised Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, Royal Bank Of Canada boosted their price target on Toronto Dominion Bank from $87.00 to $93.00 and gave the company a "sector perform" rating in a research note on Friday, May 23rd. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Toronto Dominion Bank currently has a consensus rating of "Hold" and an average price target of $93.00.

Toronto Dominion Bank Stock Up 2.0%

TD stock traded up $1.45 during midday trading on Tuesday, reaching $75.21. The company had a trading volume of 2,698,956 shares, compared to its average volume of 1,597,209. The company has a 50 day moving average of $73.57 and a two-hundred day moving average of $66.25. Toronto Dominion Bank has a 1 year low of $51.25 and a 1 year high of $75.58. The company has a market capitalization of $129.00 billion, a P/E ratio of 11.03, a PEG ratio of 1.61 and a beta of 0.84. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09.

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.