Murchinson Ltd. Buys New Shares in The Toronto-Dominion Bank (NYSE:TD)

Murchinson Ltd. purchased a new stake in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,483 shares of the bank’s stock, valued at approximately $410,000.

Several other institutional investors have also recently made changes to their positions in the stock. Cetera Investment Advisers boosted 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 worth $4,522,000 after buying an additional 47,477 shares during the period. Cetera Advisors LLC boosted its position in shares of Toronto-Dominion Bank by 217.1% in the first quarter. Cetera Advisors LLC now owns 34,664 shares of the bank’s stock valued at $2,093,000 after acquiring an additional 23,732 shares during the period. CWM LLC boosted its holdings in Toronto-Dominion Bank by 7.6% in the 2nd quarter. CWM LLC now owns 7,038 shares of the bank’s stock valued at $387,000 after purchasing an additional 496 shares during the period. Linden Thomas Advisory Services LLC boosted its stake in shares of Toronto-Dominion Bank by 19.4% in the second quarter. Linden Thomas Advisory Services LLC now owns 4,432 shares of the bank’s stock valued at $244,000 after buying an additional 720 shares during the period. Finally, Simplicity Wealth LLC increased its stake in Toronto-Dominion Bank by 9.3% during the 2nd quarter. Simplicity Wealth LLC now owns 7,966 shares of the bank’s stock worth $438,000 after acquiring an additional 676 shares during the period. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Up 0.1 %

Shares of NYSE:TD opened at $56.27 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.02 and a current ratio of 1.02. The Toronto-Dominion Bank has a 52-week low of $53.52 and a 52-week high of $65.12. The company has a market capitalization of $98.49 billion, a PE ratio of 17.98, a price-to-earnings-growth ratio of 1.85 and a beta of 0.82. The company has a fifty day moving average of $57.87 and a 200-day moving average of $57.71.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TD. StockNews.com cut shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Thursday, August 22nd. 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 cut Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. Finally, Royal Bank of Canada cut Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a report on Friday, October 11th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target 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.