Quadrature Capital Ltd Decreases Stake in Toronto Dominion Bank (The) $TD

Quadrature Capital Ltd lessened its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 96.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,266 shares of the bank’s stock after selling 1,175,034 shares during the period. Quadrature Capital Ltd’s holdings in Toronto Dominion Bank were worth $3,177,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TD. Grantham Mayo Van Otterloo & Co. LLC grew its stake in shares of Toronto Dominion Bank by 5.6% during the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 780,723 shares of the bank’s stock worth $57,309,000 after purchasing an additional 41,691 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in Toronto Dominion Bank during the 2nd quarter worth about $32,000. Te Ahumairangi Investment Management Ltd boosted its position in shares of Toronto Dominion Bank by 3.3% during the 2nd quarter. Te Ahumairangi Investment Management Ltd now owns 61,351 shares of the bank’s stock worth $4,503,000 after acquiring an additional 1,970 shares in the last quarter. J.W. Cole Advisors Inc. boosted its position in shares of Toronto Dominion Bank by 14.5% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 6,005 shares of the bank’s stock worth $441,000 after acquiring an additional 762 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Toronto Dominion Bank in the 2nd quarter valued at about $7,858,000. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto Dominion Bank Stock Performance

Shares of TD opened at $84.21 on Friday. The company’s 50 day simple moving average is $80.86 and its 200-day simple moving average is $75.51. The firm has a market cap of $142.27 billion, a PE ratio of 9.84, a price-to-earnings-growth ratio of 1.68 and a beta of 0.79. Toronto Dominion Bank has a 12-month low of $51.25 and a 12-month high of $84.06. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.09.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, August 28th. The bank reported $1.91 EPS for the quarter, beating the consensus estimate of $1.46 by $0.45. Toronto Dominion Bank had a net margin of 16.40% and a return on equity of 13.59%. The firm had revenue of $10.12 billion during the quarter, compared to the consensus estimate of $13.73 billion. During the same quarter in the prior year, the firm earned $2.05 EPS. Toronto Dominion Bank’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, equities analysts predict that Toronto Dominion Bank will post 5.48 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TD shares. Desjardins upgraded Toronto Dominion Bank from a “hold” rating to a “buy” rating in a research note on Wednesday, August 13th. Wall Street Zen raised shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Jefferies Financial Group cut shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. Royal Bank Of Canada raised shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 3rd. Finally, Raymond James Financial upgraded shares of Toronto Dominion Bank to a “hold” rating in a research note on Monday, November 24th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Toronto Dominion Bank presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

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.