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Toronto Dominion Bank (NYSE: TD) Stock Update

  • Jefferies downgraded Toronto Dominion Bank (NYSE: TD) from Buy to Hold, with a current stock price of $82.70.
  • Aviso Financial Inc. increased its stake in TD by 1.2%, making it the largest holding in their portfolio.
  • Steward Partners Investment Advisory LLC also raised its investment in TD by 3.3%, showing continued confidence in the bank's potential.

Toronto Dominion Bank (NYSE: TD) is a leading Canadian bank with a robust presence in North America, offering a comprehensive range of financial services, including personal and commercial banking, wealth management, and insurance. TD competes with other major banks such as Royal Bank of Canada and Bank of Montreal. Despite a recent downgrade by Jefferies from Buy to Hold, with the stock priced at $82.70, investor interest in TD remains high.

Aviso Financial Inc. has notably increased its investment in TD by 1.2%, now holding 1,671,746 shares. This investment makes TD the largest holding in Aviso's portfolio, representing 5.5% of their total investments, with a value of $122.9 million, accounting for 0.10% of the bank. Similarly, Steward Partners Investment Advisory LLC has upped its stake in TD by 3.3%, now owning 15,759 shares valued at $1.16 million. This indicates a continued confidence in TD's potential, despite the recent downgrade by Jefferies. The current stock price of TD is $82.70, reflecting a 0.79% increase or $0.65.

TD's stock has demonstrated resilience, trading between $81.82 and $82.89 today. Over the past year, the stock has reached a high of $82.94 and a low of $51.25. With a market capitalization of approximately $143.8 billion, TD remains a significant player in the banking industry. The trading volume on the NYSE is 1,093,777 shares, indicating active investor interest.