The Toronto-Dominion Bank (NYSE:TD) Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. decreased its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 1.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 25,905 shares of the bank’s stock after selling 450 shares during the period. Moors & Cabot Inc.’s holdings in Toronto-Dominion Bank were worth $1,639,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in TD. Triad Wealth Partners LLC acquired a new position in shares of Toronto-Dominion Bank during the 2nd quarter valued at about $31,000. Blue Trust Inc. increased 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 valued at $38,000 after acquiring an additional 212 shares during the last quarter. Kimelman & Baird LLC acquired a new position in shares of Toronto-Dominion Bank during the 2nd quarter valued at about $49,000. BOKF NA increased 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 valued at $61,000 after acquiring an additional 680 shares during the last quarter. Finally, Eastern Bank acquired a new position in shares of Toronto-Dominion Bank during the 3rd quarter valued at about $66,000. Institutional investors and hedge funds own 52.37% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have 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. Royal Bank of Canada cut Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a report on Friday, October 11th. Finally, StockNews.com cut Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $84.00.

Toronto-Dominion Bank Stock Up 0.2 %

NYSE TD opened at $55.94 on Thursday. The stock has a market cap of $97.91 billion, a PE ratio of 17.87, a P/E/G ratio of 1.59 and a beta of 0.82. The Toronto-Dominion Bank has a fifty-two week low of $53.52 and a fifty-two week high of $65.12. The business has a 50 day moving average price of $59.14 and a two-hundred day moving average price of $57.71. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.10.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, August 22nd. The bank reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.56. The firm had revenue of $14.18 billion during the quarter, compared to analysts’ expectations of $9.40 billion. Toronto-Dominion Bank had a return on equity of 14.34% and a net margin of 6.94%. Toronto-Dominion Bank’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.48 EPS. As a group, sell-side analysts predict that The Toronto-Dominion Bank will post 5.76 EPS for the current fiscal year.

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.