FORA Capital LLC Purchases Shares of 27,194 Toronto Dominion Bank (The) $TD

Key Points

• FORA Capital LLC has acquired 27,194 shares of Toronto Dominion Bank valued at approximately $1,630,000 in the first quarter, indicating growing institutional interest in the bank.
• Other institutional investors have also made significant investments, with BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increasing its holdings by 41.9%, further solidifying the bank's appeal among major players.
• Despite recent interest, analysts show mixed sentiments, with Zacks Research downgrading the bank's rating from "strong-buy" to "hold," while Royal Bank of Canada raised its price target on the stock.

FORA Capital LLC acquired a new position in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 27,194 shares of the bank's stock, valued at approximately $1,630,000.

Other institutional investors have also recently made changes to their positions in the company. ICONIQ Capital LLC lifted its holdings in Toronto Dominion Bank by 42.4% in the 1st quarter. ICONIQ Capital LLC now owns 10,173 shares of the bank's stock worth $610,000 after purchasing an additional 3,031 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Toronto Dominion Bank during the first quarter valued at approximately $1,713,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Toronto Dominion Bank by 16.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 49,509 shares of the bank's stock worth $2,968,000 after buying an additional 6,968 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Toronto Dominion Bank by 41.9% during the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 4,407,273 shares of the bank's stock worth $264,134,000 after acquiring an additional 1,302,281 shares during the last quarter. Finally, Portland Investment Counsel Inc. grew its stake in Toronto Dominion Bank by 2.3% during the first quarter. Portland Investment Counsel Inc. now owns 462,900 shares of the bank's stock valued at $27,738,000 after acquiring an additional 10,500 shares in the last quarter. Hedge funds and other institutional investors own 52.37% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Zacks Research cut shares of Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Scotiabank initiated coverage on Toronto Dominion Bank in a research report on Thursday, May 15th. They issued a "sector perform" rating on the stock. Royal Bank Of Canada increased 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. Wall Street Zen upgraded Toronto Dominion Bank from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Finally, Desjardins raised Toronto Dominion Bank from a "hold" rating to a "buy" rating in a research note on Wednesday, August 13th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Toronto Dominion Bank has a consensus rating of "Hold" and a consensus price target of $93.00.

Toronto Dominion Bank Stock Up 2.0%

Shares of NYSE:TD opened at $75.21 on Wednesday. The company has a market cap of $129.00 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 1.61 and a beta of 0.84. Toronto Dominion Bank has a 12 month low of $51.25 and a 12 month high of $75.58. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09. The company has a 50-day moving average price of $73.57 and a 200 day moving average price of $66.25.

Toronto Dominion Bank Company 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.

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