Stock Traders Purchase High Volume of Toronto-Dominion Bank Call Options (NYSE:TD)

The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) was the target of unusually large options trading activity on Thursday. Traders purchased 3,546 call options on the stock. This represents an increase of approximately 29% compared to the average volume of 2,755 call options.

Analyst Upgrades and Downgrades

TD has been the topic of several recent research reports. StockNews.com downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Thursday, August 22nd. Royal Bank of Canada downgraded Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research note on Friday, October 11th. Barclays lowered shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. Finally, National Bank Financial raised shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a report on Thursday, August 22nd. 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 stock. Based on data from MarketBeat, Toronto-Dominion Bank currently has a consensus rating of “Hold” and a consensus target price of $84.00.

Toronto-Dominion Bank Price Performance

TD stock opened at $52.79 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.10. The firm has a market cap of $92.40 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 1.85 and a beta of 0.82. The company’s fifty day simple moving average is $57.53 and its 200 day simple moving average is $57.67. Toronto-Dominion Bank has a 12-month low of $52.75 and a 12-month high of $65.12.

Institutional Investors Weigh In On Toronto-Dominion Bank

A number of large investors have recently bought and sold shares of TD. Cerity Partners LLC grew its stake in shares of Toronto-Dominion Bank by 57.1% in the 3rd quarter. Cerity Partners LLC now owns 26,755 shares of the bank’s stock valued at $1,693,000 after buying an additional 9,725 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Toronto-Dominion Bank by 1.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,761,308 shares of the bank’s stock worth $617,166,000 after acquiring an additional 144,427 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Toronto-Dominion Bank by 61.1% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,011,579 shares of the bank’s stock valued at $380,118,000 after acquiring an additional 2,279,864 shares in the last quarter. Galibier Capital Management Ltd. raised its position in shares of Toronto-Dominion Bank by 24.6% during the third quarter. Galibier Capital Management Ltd. now owns 608,613 shares of the bank’s stock worth $38,527,000 after purchasing an additional 119,978 shares during the period. Finally, Forsta AP Fonden raised its position in shares of Toronto-Dominion Bank by 3.2% during the third quarter. Forsta AP Fonden now owns 466,500 shares of the bank’s stock worth $29,531,000 after purchasing an additional 14,500 shares during the period. 52.37% of the stock is currently owned by institutional investors and hedge funds.

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.