Shares of Toronto Dominion Bank (The) (NYSE:TD - Get Free Report) TSE: TD reached a new 52-week high on Monday . The stock traded as high as $75.12 and last traded at $74.92, with a volume of 127418 shares changing hands. The stock had previously closed at $75.02.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on TD shares. Scotiabank started coverage on Toronto Dominion Bank in a research note on Thursday, May 15th. They issued a "sector perform" rating on the stock. Royal Bank Of Canada upped their price objective 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. Finally, Wall Street Zen upgraded Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $93.00.
View Our Latest Analysis on Toronto Dominion Bank
Toronto Dominion Bank Stock Performance
The firm has a market capitalization of $127.47 billion, a P/E ratio of 10.86, a price-to-earnings-growth ratio of 1.67 and a beta of 0.83. The stock has a 50-day moving average of $68.93 and a 200 day moving average of $61.85. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.03.
Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last released its quarterly earnings results on Thursday, May 22nd. The bank reported $1.39 EPS for the quarter, topping analysts' consensus estimates of $1.25 by $0.14. The business had revenue of $10.97 billion for the quarter, compared to analyst estimates 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 period in the prior year, the company earned $2.04 EPS. On average, research analysts anticipate that Toronto Dominion Bank will post 5.48 earnings per share for the current year.
Toronto Dominion Bank Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be given a $0.7568 dividend. This represents a $3.03 dividend on an annualized basis and a yield of 4.09%. This is a positive change from Toronto Dominion Bank's previous quarterly dividend of $0.73. The ex-dividend date is Thursday, July 10th. Toronto Dominion Bank's dividend payout ratio (DPR) is presently 42.82%.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of TD. Larson Financial Group LLC boosted its position in Toronto Dominion Bank by 122.9% in the 1st quarter. Larson Financial Group LLC now owns 428 shares of the bank's stock valued at $26,000 after buying an additional 236 shares during the last quarter. Lee Danner & Bass Inc. bought a new position in Toronto Dominion Bank in the 4th quarter valued at $27,000. Financial Management Professionals Inc. boosted its position in Toronto Dominion Bank by 322.4% in the 1st quarter. Financial Management Professionals Inc. now owns 490 shares of the bank's stock valued at $29,000 after buying an additional 374 shares during the last quarter. Moisand Fitzgerald Tamayo LLC bought a new position in Toronto Dominion Bank in the 1st quarter valued at $32,000. Finally, CoreCap Advisors LLC lifted its stake in shares of Toronto Dominion Bank by 57.5% in the 4th quarter. CoreCap Advisors LLC now owns 630 shares of the bank's stock valued at $34,000 after purchasing an additional 230 shares during the period. 52.37% of the stock is currently 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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