Caprock Group LLC Purchases 343 Shares of The Toronto-Dominion Bank (NYSE:TD)

Caprock Group LLC boosted its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 6.2% in the third quarter, HoldingsChannel reports. The firm owned 5,885 shares of the bank’s stock after buying an additional 343 shares during the quarter. Caprock Group LLC’s holdings in Toronto-Dominion Bank were worth $372,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TD. CreativeOne Wealth LLC bought a new position in shares of Toronto-Dominion Bank in the first quarter valued at approximately $245,000. BOKF NA grew its stake 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 purchasing an additional 680 shares during the period. Murchinson Ltd. purchased a new stake in shares of Toronto-Dominion Bank during the 1st quarter valued at $12,570,000. Virtu Financial LLC raised its stake 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 worth $1,825,000 after purchasing an additional 8,885 shares during the period. Finally, LRI Investments LLC purchased a new position in shares of Toronto-Dominion Bank in the 1st quarter worth about $1,388,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Performance

Shares of TD stock opened at $56.16 on Friday. The firm’s 50 day moving average is $58.90 and its 200 day moving average is $57.73. The stock has a market capitalization of $98.30 billion, a P/E ratio of 17.94, a PEG ratio of 1.93 and a beta of 0.82. The Toronto-Dominion Bank has a 12 month low of $53.52 and a 12 month high of $65.12. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.10.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, August 22nd. The bank reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.56. The firm had revenue of $14.18 billion for the quarter, compared to the consensus estimate of $9.40 billion. Toronto-Dominion Bank had a return on equity of 14.34% and a net margin of 6.94%. The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.48 earnings per share. On average, sell-side analysts anticipate that The Toronto-Dominion Bank will post 5.46 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on TD shares. Barclays downgraded shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday. National Bank Financial upgraded shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research note on Thursday, August 22nd. StockNews.com downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Thursday, August 22nd. Finally, Royal Bank of Canada downgraded 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 given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Toronto-Dominion Bank has an average rating of “Hold” and an average price target 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.