Shares of Toronto Dominion Bank (The) (NYSE:TD - Get Free Report) TSE: TD reached a new 52-week high during trading on Monday . The stock traded as high as $75.12 and last traded at $74.92, with a volume of 127418 shares traded. The stock had previously closed at $75.02.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on TD shares. Scotiabank began coverage on shares of Toronto Dominion Bank in a report on Thursday, May 15th. They issued a "sector perform" rating for the company. Wall Street Zen upgraded shares of Toronto Dominion Bank from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Finally, Royal Bank Of Canada raised their target price on shares of Toronto Dominion Bank from $87.00 to $93.00 and gave the stock a "sector perform" rating in a research report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Toronto Dominion Bank has a consensus rating of "Hold" and a consensus target price of $93.00.
Check Out Our Latest Research Report on TD
Toronto Dominion Bank Trading Down 0.1%
The company has a market cap of $127.40 billion, a price-to-earnings ratio of 10.86, a P/E/G ratio of 1.80 and a beta of 0.83. The firm's fifty day moving average price is $68.51 and its 200-day moving average price is $61.68. 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 (NYSE:TD - Get Free Report) TSE: TD last posted its quarterly earnings data on Thursday, May 22nd. The bank reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.14. The firm had revenue of $10.97 billion for the quarter, compared to the consensus estimate of $13.36 billion. Toronto Dominion Bank had a return on equity of 13.11% and a net margin of 13.53%. During the same quarter in the previous year, the company earned $2.04 EPS. On average, equities analysts expect that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.
Toronto Dominion Bank Increases Dividend
The company also recently declared 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. This is a boost from Toronto Dominion Bank's previous quarterly dividend of $0.73. The ex-dividend date is Thursday, July 10th. This represents a $3.03 annualized dividend and a dividend yield of 4.09%. Toronto Dominion Bank's payout ratio is presently 42.82%.
Institutional Investors Weigh In On Toronto Dominion Bank
Several large investors have recently made changes to their positions in TD. Balanced Rock Investment Advisors LLC boosted its position in Toronto Dominion Bank by 1.1% during the first quarter. Balanced Rock Investment Advisors LLC now owns 14,983 shares of the bank's stock worth $898,000 after purchasing an additional 163 shares during the period. Frank Rimerman Advisors LLC boosted its position in Toronto Dominion Bank by 3.2% during the fourth quarter. Frank Rimerman Advisors LLC now owns 5,446 shares of the bank's stock worth $290,000 after purchasing an additional 171 shares during the period. MFA Wealth Services boosted its position in Toronto Dominion Bank by 4.5% during the first quarter. MFA Wealth Services now owns 4,179 shares of the bank's stock worth $250,000 after purchasing an additional 179 shares during the period. Intrua Financial LLC boosted its position in Toronto Dominion Bank by 2.4% during the first quarter. Intrua Financial LLC now owns 7,812 shares of the bank's stock worth $468,000 after purchasing an additional 183 shares during the period. Finally, Hexagon Capital Partners LLC boosted its position in Toronto Dominion Bank by 14.5% during the first quarter. Hexagon Capital Partners LLC now owns 1,500 shares of the bank's stock worth $90,000 after purchasing an additional 190 shares during the period. Institutional investors own 52.37% of the company's stock.
About Toronto Dominion Bank
(
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.
Further Reading
Before you consider Toronto Dominion Bank, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Toronto Dominion Bank wasn't on the list.
While Toronto Dominion Bank currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
