The Toronto-Dominion Bank (NYSE:TD) Short Interest Update

The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) was the target of a large decline in short interest in November. As of November 15th, there was short interest totalling 16,860,000 shares, a decline of 22.1% from the October 31st total of 21,640,000 shares. Based on an average daily volume of 2,660,000 shares, the short-interest ratio is presently 6.3 days. Approximately 1.0% of the company’s shares are short sold.

Institutional Trading of Toronto-Dominion Bank

A number of hedge funds and other institutional investors have recently modified their holdings of TD. Wilmington Savings Fund Society FSB purchased a new position in shares of Toronto-Dominion Bank during the 3rd quarter valued at approximately $247,000. World Investment Advisors LLC bought a new position in Toronto-Dominion Bank during the 3rd quarter valued at $265,000. Tudor Financial Inc. bought a new position in Toronto-Dominion Bank during the 3rd quarter valued at $268,000. Passumpsic Savings Bank grew its holdings in Toronto-Dominion Bank by 2.6% during the 3rd quarter. Passumpsic Savings Bank now owns 7,530 shares of the bank’s stock worth $476,000 after acquiring an additional 194 shares in the last quarter. Finally, Main Line Retirement Advisors LLC increased its position in shares of Toronto-Dominion Bank by 1.3% in the 3rd quarter. Main Line Retirement Advisors LLC now owns 24,180 shares of the bank’s stock worth $1,530,000 after purchasing an additional 314 shares during the last quarter. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Stock Up 0.2 %

Toronto-Dominion Bank stock traded up $0.14 during midday trading on Friday, hitting $56.53. 557,385 shares of the stock were exchanged, compared to its average volume of 1,732,705. Toronto-Dominion Bank has a 1 year low of $53.52 and a 1 year high of $65.12. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market cap of $98.94 billion, a P/E ratio of 18.06, a P/E/G ratio of 1.95 and a beta of 0.82. The company has a 50 day moving average price of $58.17 and a two-hundred day moving average price of $57.72.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. StockNews.com cut shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Thursday, August 22nd. Royal Bank of Canada cut shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research report on Friday, October 11th. Barclays lowered Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research report on Thursday, November 21st. Finally, National Bank Financial raised Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research report on Thursday, August 22nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $84.00.

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.