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

The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) saw a large drop in short interest in the month of 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. Currently, 1.0% of the shares of the stock are sold short. Based on an average daily volume of 2,660,000 shares, the days-to-cover ratio is currently 6.3 days.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TD. 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. Barclays lowered 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 research report on Friday, October 11th. Finally, StockNews.com downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Thursday, August 22nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $84.00.

Toronto-Dominion Bank Stock Performance

Toronto-Dominion Bank stock traded up $0.14 on Friday, reaching $56.53. 557,385 shares of the stock were exchanged, compared to its average volume of 2,722,576. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.10. Toronto-Dominion Bank has a twelve month low of $53.52 and a twelve month high of $65.12. The firm has a fifty day moving average price of $58.17 and a two-hundred day moving average price of $57.72. The stock has a market cap of $98.94 billion, a PE ratio of 18.06, a PEG ratio of 1.94 and a beta of 0.82.

Institutional Investors Weigh In On Toronto-Dominion Bank

A number of institutional investors have recently bought and sold shares of TD. Wilmington Savings Fund Society FSB acquired a new stake in Toronto-Dominion Bank during the third quarter valued at approximately $247,000. World Investment Advisors LLC acquired a new stake in Toronto-Dominion Bank in the 3rd quarter valued at $265,000. Tudor Financial Inc. acquired a new stake in Toronto-Dominion Bank in the 3rd quarter valued at $268,000. Passumpsic Savings Bank grew its position 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 during the period. Finally, Main Line Retirement Advisors LLC raised its stake in Toronto-Dominion Bank by 1.3% during 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 in the last quarter. Institutional investors and hedge funds 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.