FORA Capital LLC Cuts Position in The Toronto-Dominion Bank (NYSE:TD)

FORA Capital LLC decreased its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 60.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,030 shares of the bank’s stock after selling 33,104 shares during the quarter. FORA Capital LLC’s holdings in Toronto-Dominion Bank were worth $1,394,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TD. BOKF NA grew its stake in shares of Toronto-Dominion Bank by 203.6% in the first quarter. BOKF NA now owns 1,014 shares of the bank’s stock worth $61,000 after acquiring an additional 680 shares in the last quarter. Virtu Financial LLC grew its stake in shares of Toronto-Dominion Bank by 41.6% in the first quarter. Virtu Financial LLC now owns 30,219 shares of the bank’s stock worth $1,825,000 after acquiring an additional 8,885 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Toronto-Dominion Bank by 173.2% in the first quarter. Cetera Investment Advisers now owns 74,887 shares of the bank’s stock worth $4,522,000 after acquiring an additional 47,477 shares in the last quarter. Cetera Advisors LLC grew its stake in shares of Toronto-Dominion Bank by 217.1% in the first quarter. Cetera Advisors LLC now owns 34,664 shares of the bank’s stock worth $2,093,000 after acquiring an additional 23,732 shares in the last quarter. Finally, Pathway Financial Advisers LLC acquired a new position in shares of Toronto-Dominion Bank during the first quarter worth $1,882,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Performance

NYSE TD opened at $56.39 on Thursday. 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 Toronto-Dominion Bank has a 1 year low of $53.52 and a 1 year high of $65.12. The company has a market capitalization of $98.70 billion, a PE ratio of 18.02, a P/E/G ratio of 1.92 and a beta of 0.82. The company has a fifty day moving average of $58.49 and a two-hundred day moving average of $57.72.

Analyst Ratings Changes

TD has been the subject of a number of analyst reports. StockNews.com downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Thursday, August 22nd. Royal Bank of Canada downgraded shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research note on Friday, October 11th. Barclays downgraded shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. Finally, National Bank Financial upgraded shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research note on Thursday, August 22nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $84.00.

About Toronto-Dominion Bank

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.