Royal Bank Of Canada Boosted Its Position in Toronto Dominion Bk Ont (TD) by $7.56 Billion

June 16, 2018 - By Linda Rogers

The Toronto-Dominion Bank (NYSE:TD) Logo

Royal Bank Of Canada increased its stake in Toronto Dominion Bk Ont (TD) by 64734.59% based on its latest 2018Q1 regulatory filing with the SEC. Royal Bank Of Canada bought 134.97 million shares as the company’s stock rose 0.19% while stock markets declined. The institutional investor held 135.18 million shares of the commercial banks company at the end of 2018Q1, valued at $7.68 billion, up from 208,500 at the end of the previous reported quarter. Royal Bank Of Canada who had been investing in Toronto Dominion Bk Ont for a number of months, seems to be bullish on the $105.69 billion market cap company. The stock decreased 1.37% or $0.8 during the last trading session, reaching $57.39. About 1.41 million shares traded or 16.20% up from the average. The Toronto-Dominion Bank (NYSE:TD) has risen 24.15% since June 16, 2017 and is uptrending. It has outperformed by 11.58% the S&P500.

Royal Bank Of Canada, which manages about $223.28B US Long portfolio, decreased its stake in Select Sector Spdr Tr (Put) (XLP) by 70,900 shares to 669,100 shares, valued at $35.22M in 2018Q1, according to the filing. It also reduced its holding in United States Oil Fund Lp (Call) (USO) by 1.24M shares in the quarter, leaving it with 5.58 million shares, and cut its stake in Loews Corp (Call) (NYSE:L).

More notable recent The Toronto-Dominion Bank (NYSE:TD) news were published by: Seekingalpha.com which released: “The Toronto-Dominion Bank (TD) CEO Bharat Masrani on Q2 2018 Results – Earnings Call Transcript” on May 24, 2018, also Globenewswire.com with their article: “New Research Coverage Highlights Esperion Therapeutics, Magna International, Spectra Energy Partners, LP, Toronto …” published on June 01, 2018, Seekingalpha.com published: “TD Bank: Best In Class” on June 13, 2018. More interesting news about The Toronto-Dominion Bank (NYSE:TD) were released by: Fool.ca and their article: “Trade Tensions Shouldn’t Scare You Away From These 3 Bank Stocks” published on June 07, 2018 as well as Fool.ca‘s news article titled: “Are Investors Focusing Too Much on the Short Term?” with publication date: June 13, 2018.

The Toronto-Dominion Bank (NYSE:TD) Ratings Coverage

Among 2 analysts covering The Toronto-Dominion Bank (NYSE:TD), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. The Toronto-Dominion Bank has $87 highest and $8200 lowest target. $84.50’s average target is 47.24% above currents $57.39 stock price. The Toronto-Dominion Bank had 2 analyst reports since January 30, 2018 according to SRatingsIntel. Bank of America maintained the shares of TD in report on Tuesday, January 30 with “Buy” rating.

The Toronto-Dominion Bank (NYSE:TD) Ratings Chart

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