Toronto-Dominion Bank (NYSE:TD) Shares Down 0.7%

The Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD traded down 0.7% during trading on Wednesday . The company traded as low as $56.33 and last traded at $56.49. 223,868 shares changed hands during trading, a decline of 92% from the average session volume of 2,972,469 shares. The stock had previously closed at $56.86.

Analyst Upgrades and Downgrades

TD has been the topic of a number of research reports. Barclays started coverage on Toronto-Dominion Bank in a report on Wednesday, March 20th. They issued an "equal weight" rating on the stock. Scotiabank upgraded shares of Toronto-Dominion Bank from a "sector perform" rating to a "sector outperform" rating in a research report on Wednesday, April 17th. Finally, Jefferies Financial Group assumed coverage on shares of Toronto-Dominion Bank in a report on Thursday, February 22nd. They set a "hold" rating on the stock. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $89.33.

Toronto-Dominion Bank Price Performance

The company has a debt-to-equity ratio of 0.09, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $98.73 billion, a P/E ratio of 11.99, a PEG ratio of 1.75 and a beta of 0.84. The stock's fifty day moving average is $58.31 and its 200-day moving average is $60.01.

Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last issued its quarterly earnings data on Thursday, February 29th. The bank reported $1.47 EPS for the quarter, beating analysts' consensus estimates of $1.42 by $0.05. Toronto-Dominion Bank had a return on equity of 14.15% and a net margin of 11.16%. The business had revenue of $10.07 billion for the quarter, compared to analyst estimates of $9.35 billion. On average, equities analysts anticipate that The Toronto-Dominion Bank will post 5.76 earnings per share for the current year.

Toronto-Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th were given a $0.7519 dividend. This is a positive change from Toronto-Dominion Bank's previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Monday, April 8th. This represents a $3.01 dividend on an annualized basis and a dividend yield of 5.36%. Toronto-Dominion Bank's dividend payout ratio (DPR) is currently 64.53%.

Institutional Trading of Toronto-Dominion Bank

Several large investors have recently modified their holdings of TD. Canoe Financial LP increased its position in shares of Toronto-Dominion Bank by 2,035.4% during the fourth quarter. Canoe Financial LP now owns 42,808,439 shares of the bank's stock valued at $2,766,281,000 after purchasing an additional 40,803,711 shares during the period. Norges Bank bought a new stake in shares of Toronto-Dominion Bank during the fourth quarter worth $1,478,898,000. TD Asset Management Inc increased its position in Toronto-Dominion Bank by 28.9% in the 4th quarter. TD Asset Management Inc now owns 46,469,553 shares of the bank's stock valued at $3,017,384,000 after acquiring an additional 10,415,591 shares in the last quarter. Clearbridge Investments LLC bought a new position in Toronto-Dominion Bank in the 4th quarter worth approximately $184,389,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in Toronto-Dominion Bank by 20.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 17,134,868 shares of the bank's stock worth $1,039,691,000 after buying an additional 2,870,662 shares in the last quarter. 52.37% of the stock is owned by institutional investors.

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.