Trading Report: Today, Boston Common Asset Management LLC Holds Position in The Toronto-Dominion Bank (TD)

Today, Boston Common Asset Management LLC Holds Position in The Toronto-Dominion Bank (TD)

Boston Common Asset Management LLC held its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) during the third quarter, Holdings Channel reports. The fund owned 66,895 shares of the company’s stock at the end of the third quarter. Boston Common Asset Management LLC’s holdings in The Toronto-Dominion Bank were worth $2,970,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of TD. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of The Toronto-Dominion Bank by 2.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 617,696 shares of the company’s stock valued at $26,388,000 after buying an additional 12,038 shares in the last quarter. AGF Investments Inc. raised its position in shares of The Toronto-Dominion Bank by 22.3% in the second quarter. AGF Investments Inc. now owns 3,116,196 shares of the company’s stock valued at $133,772,000 after buying an additional 567,440 shares in the last quarter. Emerald Acquisition Ltd. bought a new position in shares of The Toronto-Dominion Bank during the second quarter valued at approximately $208,888,000. Parsec Financial Management Inc. raised its position in shares of The Toronto-Dominion Bank by 7.5% in the second quarter. Parsec Financial Management Inc. now owns 237,674 shares of the company’s stock valued at $10,203,000 after buying an additional 16,656 shares in the last quarter. Finally, Beutel Goodman & Co Ltd. raised its position in shares of The Toronto-Dominion Bank by 5.5% in the second quarter. Beutel Goodman & Co Ltd. now owns 26,288,956 shares of the company’s stock valued at $1,121,156,000 after buying an additional 1,359,600 shares in the last quarter. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

The Toronto-Dominion Bank (NYSE:TD) traded up 0.36% during midday trading on Friday, reaching $47.58. The company’s stock had a trading volume of 259,640 shares. The Toronto-Dominion Bank has a 1-year low of $33.49 and a 1-year high of $47.65. The company has a market capitalization of $88.25 billion, a price-to-earnings ratio of 14.42 and a beta of 0.97. The company’s 50-day moving average price is $45.27 and its 200-day moving average price is $44.15.

The Toronto-Dominion Bank (NYSE:TD) last posted its quarterly earnings results on Thursday, August 25th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.06. The business had revenue of $8.70 billion for the quarter. The Toronto-Dominion Bank had a return on equity of 13.56% and a net margin of 21.02%. The business’s revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.20 earnings per share. On average, analysts predict that The Toronto-Dominion Bank will post $3.60 earnings per share for the current fiscal year.

Several equities analysts have commented on the stock. Credit Suisse Group AG assumed coverage on shares of The Toronto-Dominion Bank in a research note on Monday, November 14th. They issued an “outperform” rating on the stock. RBC Capital Markets restated an “outperform” rating and set a $65.00 target price on shares of The Toronto-Dominion Bank in a research report on Thursday, November 3rd. Bank of America Corp. assumed coverage on shares of The Toronto-Dominion Bank in a research report on Tuesday, November 1st. They set a “buy” rating on the stock. Scotiabank restated a “sector perform” rating and set a $60.00 target price on shares of The Toronto-Dominion Bank in a research report on Wednesday, October 26th. Finally, Zacks Investment Research lowered shares of The Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Wednesday, October 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $57.81.

The Toronto-Dominion Bank Company Profile

The Toronto-Dominion Bank (the Bank) operates as a bank in North America. The Bank 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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