DRW Securities LLC Takes $1.63 Million Position in The Toronto-Dominion Bank (NYSE:TD)

DRW Securities LLC acquired a new stake in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 25,800 shares of the bank's stock, valued at approximately $1,632,000.

Several other institutional investors have also recently bought and sold shares of TD. Triad Wealth Partners LLC bought a new stake in Toronto-Dominion Bank in the 2nd quarter valued at approximately $31,000. Blue Trust Inc. raised its stake in shares of Toronto-Dominion Bank by 50.7% during the 2nd quarter. Blue Trust Inc. now owns 630 shares of the bank's stock worth $38,000 after purchasing an additional 212 shares in the last quarter. Kimelman & Baird LLC bought a new stake in shares of Toronto-Dominion Bank during the 2nd quarter worth approximately $49,000. BOKF NA raised its stake in shares of Toronto-Dominion Bank by 203.6% during the 1st quarter. BOKF NA now owns 1,014 shares of the bank's stock worth $61,000 after purchasing an additional 680 shares in the last quarter. Finally, Eastern Bank bought a new stake in shares of Toronto-Dominion Bank during the 3rd quarter worth approximately $66,000. Institutional investors own 52.37% of the company's stock.

Toronto-Dominion Bank Stock Performance

NYSE TD traded up $0.04 on Tuesday, reaching $55.88. The stock had a trading volume of 1,557,854 shares, compared to its average volume of 2,737,173. 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 fifty day moving average of $58.62 and a two-hundred day moving average of $57.73. 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 cap of $97.81 billion, a P/E ratio of 17.85, a price-to-earnings-growth ratio of 1.94 and a beta of 0.82.

Wall Street Analysts Forecast Growth

A number of equities 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 note on Thursday, November 21st. Royal Bank of Canada lowered Toronto-Dominion Bank from an "outperform" rating to a "sector perform" rating in a report on Friday, October 11th. StockNews.com lowered Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a report on Thursday, August 22nd. Finally, National Bank Financial raised Toronto-Dominion Bank from an "underperform" rating to a "sector perform" rating in a report on Thursday, August 22nd. 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, Toronto-Dominion Bank currently has a consensus rating of "Hold" and an average target price of $84.00.

Toronto-Dominion Bank 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.