Shares of Toronto Dominion Bank (The) (NYSE:TD - Get Free Report) TSE: TD hit a new 52-week high during trading on Monday . The company traded as high as $75.12 and last traded at $74.92, with a volume of 127418 shares trading hands. The stock had previously closed at $75.02.
Analyst Upgrades and Downgrades
TD has been the subject of a number of recent analyst reports. Royal Bank Of Canada upped their price target on Toronto Dominion Bank from $87.00 to $93.00 and gave the company a "sector perform" rating in a research note on Friday, May 23rd. Wall Street Zen raised Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, Scotiabank assumed coverage on shares of Toronto Dominion Bank in a research note on Thursday, May 15th. They set a "sector perform" rating for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $93.00.
Check Out Our Latest Stock Analysis on TD
Toronto Dominion Bank Stock Down 0.3%
The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09. The firm's 50 day moving average price is $68.93 and its two-hundred day moving average price is $61.85. The company has a market capitalization of $127.13 billion, a P/E ratio of 10.83, a PEG ratio of 1.67 and a beta of 0.83.
Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last released its earnings results on Thursday, May 22nd. The bank reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.14. Toronto Dominion Bank had a net margin of 13.53% and a return on equity of 13.11%. The business had revenue of $10.97 billion during the quarter, compared to analysts' expectations of $13.36 billion. During the same period last year, the business earned $2.04 earnings per share. Equities research analysts forecast that Toronto Dominion Bank will post 5.48 EPS for the current year.
Toronto Dominion Bank Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 10th will be paid a $0.7568 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This is a boost from Toronto Dominion Bank's previous quarterly dividend of $0.73. This represents a $3.03 annualized dividend and a dividend yield of 4.10%. Toronto Dominion Bank's dividend payout ratio (DPR) is currently 45.16%.
Hedge Funds Weigh In On Toronto Dominion Bank
Hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank bought a new position in Toronto Dominion Bank during the fourth quarter worth $992,204,000. Goldman Sachs Group Inc. boosted its position in shares of Toronto Dominion Bank by 93.9% in the first quarter. Goldman Sachs Group Inc. now owns 12,216,411 shares of the bank's stock valued at $732,252,000 after acquiring an additional 5,917,078 shares during the period. FIL Ltd boosted its position in shares of Toronto Dominion Bank by 17.3% in the fourth quarter. FIL Ltd now owns 38,989,749 shares of the bank's stock valued at $2,075,819,000 after acquiring an additional 5,756,584 shares during the period. Federation des caisses Desjardins du Quebec boosted its position in shares of Toronto Dominion Bank by 48.9% in the first quarter. Federation des caisses Desjardins du Quebec now owns 14,785,565 shares of the bank's stock valued at $886,174,000 after acquiring an additional 4,853,498 shares during the period. Finally, Canada Pension Plan Investment Board boosted its position in shares of Toronto Dominion Bank by 81.6% in the first quarter. Canada Pension Plan Investment Board now owns 10,524,446 shares of the bank's stock valued at $630,746,000 after acquiring an additional 4,729,657 shares during the period. 52.37% of the stock is owned by institutional investors.
Toronto Dominion Bank Company Profile
(
Get Free Report)
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.
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