Polar Asset Management Partners Inc. Invests $1.90 Million in The Toronto-Dominion Bank (NYSE:TD)

Polar Asset Management Partners Inc. bought a new stake in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 30,000 shares of the bank’s stock, valued at approximately $1,897,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Morse Asset Management Inc acquired a new position in shares of Toronto-Dominion Bank in the 3rd quarter valued at about $63,000. Murchinson Ltd. purchased a new position in Toronto-Dominion Bank in the third quarter valued at approximately $410,000. Benjamin Edwards Inc. acquired a new position in Toronto-Dominion Bank during the third quarter valued at approximately $387,000. Erste Asset Management GmbH acquired a new position in Toronto-Dominion Bank during the third quarter valued at approximately $14,642,000. Finally, Wasatch Advisors LP grew its stake in Toronto-Dominion Bank by 11.7% during the third quarter. Wasatch Advisors LP now owns 38,810 shares of the bank’s stock worth $2,454,000 after buying an additional 4,080 shares during the period. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Performance

NYSE:TD opened at $52.79 on Friday. The firm has a 50-day moving average of $57.53 and a two-hundred day moving average of $57.67. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market cap of $92.40 billion, a P/E ratio of 16.87, a PEG ratio of 1.85 and a beta of 0.82. The Toronto-Dominion Bank has a 1-year low of $52.75 and a 1-year high of $65.12.

Analyst Ratings Changes

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