Investors Purchase Large Volume of Call Options on Toronto-Dominion Bank (NYSE:TD)

The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) was the recipient of some unusual options trading on Thursday. Stock investors acquired 3,546 call options on the company. This represents an increase of approximately 29% compared to the average daily volume of 2,755 call options.

Institutional Investors Weigh In On Toronto-Dominion Bank

Several institutional investors have recently made changes to their positions in the company. CWM LLC grew its holdings in Toronto-Dominion Bank by 2.4% during the 3rd quarter. CWM LLC now owns 7,208 shares of the bank’s stock valued at $456,000 after purchasing an additional 170 shares during the last quarter. Pathstone Holdings LLC grew its stake in shares of Toronto-Dominion Bank by 0.8% during the third quarter. Pathstone Holdings LLC now owns 22,309 shares of the bank’s stock valued at $1,411,000 after buying an additional 184 shares during the last quarter. Passumpsic Savings Bank raised its holdings in shares of Toronto-Dominion Bank by 2.6% in the third quarter. Passumpsic Savings Bank now owns 7,530 shares of the bank’s stock worth $476,000 after buying an additional 194 shares during the period. Balanced Rock Investment Advisors LLC lifted its stake in shares of Toronto-Dominion Bank by 1.4% during the 2nd quarter. Balanced Rock Investment Advisors LLC now owns 14,959 shares of the bank’s stock worth $822,000 after acquiring an additional 203 shares during the last quarter. Finally, Hexagon Capital Partners LLC boosted its holdings in Toronto-Dominion Bank by 18.5% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,337 shares of the bank’s stock valued at $85,000 after acquiring an additional 209 shares during the period. Institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Trading Down 5.3 %

TD traded down $3.00 during trading on Thursday, reaching $53.60. The company had a trading volume of 1,444,327 shares, compared to its average volume of 2,705,198. 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 has a 52 week low of $53.45 and a 52 week high of $65.12. The stock has a market cap of $93.81 billion, a P/E ratio of 18.09, a PEG ratio of 1.85 and a beta of 0.82. The business has a 50 day simple moving average of $57.74 and a 200-day simple moving average of $57.70.

Wall Street Analyst Weigh In

TD has been the topic of a number of research reports. StockNews.com cut Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Thursday, August 22nd. Barclays lowered shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research report on Thursday, November 21st. 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. Finally, Royal Bank of Canada cut shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research report on Friday, October 11th. Two 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 company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $84.00.

About Toronto-Dominion Bank

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.