Eisler Capital Management Ltd. Takes $19.93 Million Position in Toronto Dominion Bank (The) $TD

Key Points

• Eisler Capital Management Ltd. acquired a significant stake in Toronto Dominion Bank, purchasing 332,500 shares valued at approximately $19.93 million, making the bank its 18th largest holding.
• Toronto Dominion Bank has received varied ratings from analysts, with a current consensus rating of "Hold" and a target price of $93.00, as three analysts rated it as a Buy.
• The bank opened at $75.21 with a market capitalization of $129 billion, and possesses a beta of 0.84, indicating lower volatility compared to the market.

Eisler Capital Management Ltd. purchased a new stake in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 332,500 shares of the bank's stock, valued at approximately $19,930,000. Toronto Dominion Bank comprises approximately 0.1% of Eisler Capital Management Ltd.'s portfolio, making the stock its 18th largest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Balanced Rock Investment Advisors LLC increased its holdings in Toronto Dominion Bank by 1.1% in the first quarter. Balanced Rock Investment Advisors LLC now owns 14,983 shares of the bank's stock valued at $898,000 after purchasing an additional 163 shares during the period. MFA Wealth Services increased its holdings in Toronto Dominion Bank by 4.5% in the first quarter. MFA Wealth Services now owns 4,179 shares of the bank's stock valued at $250,000 after purchasing an additional 179 shares during the period. Hexagon Capital Partners LLC increased its holdings in Toronto Dominion Bank by 14.5% in the first quarter. Hexagon Capital Partners LLC now owns 1,500 shares of the bank's stock valued at $90,000 after purchasing an additional 190 shares during the period. JFS Wealth Advisors LLC increased its holdings in Toronto Dominion Bank by 6.0% in the first quarter. JFS Wealth Advisors LLC now owns 3,421 shares of the bank's stock valued at $205,000 after purchasing an additional 194 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in Toronto Dominion Bank by 14.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,619 shares of the bank's stock valued at $97,000 after purchasing an additional 202 shares during the period. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto Dominion Bank Price Performance

TD stock opened at $75.21 on Wednesday. The stock has a market capitalization of $129.00 billion, a PE ratio of 11.03, a price-to-earnings-growth ratio of 1.61 and a beta of 0.84. The company's 50-day moving average is $73.57 and its 200-day moving average is $66.25. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03. Toronto Dominion Bank has a 1 year low of $51.25 and a 1 year high of $75.58.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Scotiabank began coverage on Toronto Dominion Bank in a report on Thursday, May 15th. They issued a "sector perform" rating for the company. Desjardins upgraded Toronto Dominion Bank from a "hold" rating to a "buy" rating in a report on Wednesday, August 13th. Wall Street Zen upgraded Toronto Dominion Bank from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Zacks Research downgraded Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Finally, Royal Bank Of Canada increased their price target on Toronto Dominion Bank from $87.00 to $93.00 and gave the stock a "sector perform" rating in a report on Friday, May 23rd. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Toronto Dominion Bank presently has a consensus rating of "Hold" and a consensus target price of $93.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.