DRW Securities LLC Acquires New Shares in The Toronto-Dominion Bank (NYSE:TD)

DRW Securities LLC acquired a new stake in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 25,800 shares of the bank’s stock, valued at approximately $1,632,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TD. BOKF NA lifted its position in Toronto-Dominion Bank by 203.6% in the 1st quarter. BOKF NA now owns 1,014 shares of the bank’s stock valued at $61,000 after acquiring an additional 680 shares in the last quarter. Virtu Financial LLC lifted its holdings in shares of Toronto-Dominion Bank by 41.6% during the 1st quarter. Virtu Financial LLC now owns 30,219 shares of the bank’s stock valued at $1,825,000 after buying an additional 8,885 shares during the period. LRI Investments LLC bought a new position in shares of Toronto-Dominion Bank during the 1st quarter valued at $1,388,000. Cetera Investment Advisers lifted its holdings in shares of Toronto-Dominion Bank by 173.2% during the 1st quarter. Cetera Investment Advisers now owns 74,887 shares of the bank’s stock valued at $4,522,000 after buying an additional 47,477 shares during the period. Finally, Cetera Advisors LLC lifted its holdings in shares of Toronto-Dominion Bank by 217.1% during the 1st quarter. Cetera Advisors LLC now owns 34,664 shares of the bank’s stock valued at $2,093,000 after buying an additional 23,732 shares during the period. 52.37% of the stock is owned by institutional investors.

Toronto-Dominion Bank Price Performance

Shares of NYSE:TD opened at $55.83 on Tuesday. The firm’s 50 day simple moving average is $58.76 and its two-hundred day simple moving average is $57.74. 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 company has a market capitalization of $97.72 billion, a P/E ratio of 17.84, a P/E/G ratio of 1.94 and a beta of 0.82. The Toronto-Dominion Bank has a 1-year low of $53.52 and a 1-year high of $65.12.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Barclays cut Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. Royal Bank of Canada cut shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a report on Friday, October 11th. StockNews.com cut shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Thursday, August 22nd. Finally, National Bank Financial raised shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research report on Thursday, August 22nd. Two investment 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 company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $84.00.

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.