The Toronto-Dominion Bank (NYSE:TD) Sees Large Decrease in Short Interest

The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) was the recipient of a large drop in short interest in November. As of November 15th, there was short interest totalling 16,860,000 shares, a drop 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 days-to-cover ratio is presently 6.3 days. Approximately 1.0% of the shares of the stock are sold short.

Toronto-Dominion Bank Stock Up 0.9 %

Shares of NYSE:TD opened at $56.39 on Friday. The firm has a market capitalization 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 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’s 50-day moving average is $58.33 and its two-hundred day moving average is $57.71.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Royal Bank of Canada cut 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 research note on Thursday, August 22nd. StockNews.com cut Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Thursday, August 22nd. Finally, Barclays lowered Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. Two analysts have rated the stock with a sell rating, six have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Toronto-Dominion Bank presently has an average rating of “Hold” and an average target price of $84.00.

Hedge Funds Weigh In On Toronto-Dominion Bank

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB purchased a new stake in Toronto-Dominion Bank during the 3rd quarter worth about $247,000. World Investment Advisors LLC purchased a new stake in shares of Toronto-Dominion Bank during the third quarter worth approximately $265,000. Tudor Financial Inc. purchased a new stake in shares of Toronto-Dominion Bank during the third quarter worth approximately $268,000. Passumpsic Savings Bank raised its holdings in Toronto-Dominion Bank by 2.6% in the third quarter. Passumpsic Savings Bank now owns 7,530 shares of the bank’s stock valued at $476,000 after acquiring an additional 194 shares in the last quarter. Finally, Main Line Retirement Advisors LLC lifted its stake in Toronto-Dominion Bank by 1.3% in the third quarter. Main Line Retirement Advisors LLC now owns 24,180 shares of the bank’s stock worth $1,530,000 after acquiring an additional 314 shares during the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

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.