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

The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) saw a large decline in short interest during the month of 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 trading volume, of 2,660,000 shares, the short-interest ratio is currently 6.3 days. Currently, 1.0% of the company’s stock are short sold.

Wall Street Analyst Weigh In

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

Institutional Trading of Toronto-Dominion Bank

Institutional investors have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Toronto-Dominion Bank by 1.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,761,308 shares of the bank’s stock valued at $617,166,000 after buying an additional 144,427 shares in the last quarter. Galibier Capital Management Ltd. grew its stake in Toronto-Dominion Bank by 24.6% in the 3rd quarter. Galibier Capital Management Ltd. now owns 608,613 shares of the bank’s stock valued at $38,527,000 after acquiring an additional 119,978 shares during the last quarter. Forsta AP Fonden increased its holdings in Toronto-Dominion Bank by 3.2% during the 3rd quarter. Forsta AP Fonden now owns 466,500 shares of the bank’s stock valued at $29,531,000 after acquiring an additional 14,500 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in Toronto-Dominion Bank by 61.1% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,011,579 shares of the bank’s stock worth $380,118,000 after acquiring an additional 2,279,864 shares during the last quarter. Finally, Dixon Mitchell Investment Counsel Inc. raised its position in Toronto-Dominion Bank by 4.5% during the third quarter. Dixon Mitchell Investment Counsel Inc. now owns 1,452,493 shares of the bank’s stock worth $91,948,000 after acquiring an additional 62,569 shares during the last quarter. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Trading Up 0.9 %

Shares of Toronto-Dominion Bank stock opened at $56.39 on Friday. The company has a 50-day moving average of $58.33 and a two-hundred day moving average of $57.71. Toronto-Dominion Bank has a 12-month low of $53.52 and a 12-month high of $65.12. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.10. The stock has a market cap of $98.70 billion, a PE ratio of 18.02, a price-to-earnings-growth ratio of 1.94 and a beta of 0.82.

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.