The Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD's share price reached a new 52-week high on Monday . The stock traded as high as $71.48 and last traded at $71.36, with a volume of 87327 shares traded. The stock had previously closed at $70.80.
Analyst Ratings Changes
A number of research firms have weighed in on TD. Wall Street Zen upgraded Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Scotiabank started coverage on shares of Toronto-Dominion Bank in a report on Thursday, May 15th. They issued a "sector perform" rating for the company. Royal Bank of Canada lifted 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. Finally, Jefferies Financial Group downgraded shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $93.00.
Check Out Our Latest Report on Toronto-Dominion Bank
Toronto-Dominion Bank Stock Up 0.3%
The firm's fifty day simple moving average is $64.46 and its two-hundred day simple moving average is $59.56. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $122.39 billion, a price-to-earnings ratio of 20.47, a price-to-earnings-growth ratio of 1.95 and a beta of 0.82.
Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last issued its earnings results on Thursday, May 22nd. The bank reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.14. Toronto-Dominion Bank had a net margin of 7.37% and a return on equity of 13.96%. The business had revenue of $10.97 billion during the quarter, compared to analysts' expectations of $13.36 billion. During the same quarter in the prior year, the business posted $2.04 EPS. Sell-side analysts anticipate that The Toronto-Dominion Bank will post 5.48 EPS for the current year.
Toronto-Dominion Bank Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be issued a dividend of $0.7568 per share. This is an increase from Toronto-Dominion Bank's previous quarterly dividend of $0.73. This represents a $3.03 annualized dividend and a yield of 4.26%. The ex-dividend date is Thursday, July 10th. Toronto-Dominion Bank's dividend payout ratio (DPR) is 44.72%.
Institutional Investors Weigh In On Toronto-Dominion Bank
A number of institutional investors have recently bought and sold shares of TD. Norges Bank bought a new position in shares of Toronto-Dominion Bank in the 4th quarter worth about $992,204,000. Goldman Sachs Group Inc. boosted its holdings in Toronto-Dominion Bank by 93.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 12,216,411 shares of the bank's stock valued at $732,252,000 after purchasing an additional 5,917,078 shares during the period. FIL Ltd grew its holdings in shares of Toronto-Dominion Bank by 17.3% in the 4th quarter. FIL Ltd now owns 38,989,749 shares of the bank's stock worth $2,075,819,000 after purchasing an additional 5,756,584 shares during the last quarter. Federation des caisses Desjardins du Quebec lifted its position in Toronto-Dominion Bank by 48.9% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 14,785,565 shares of the bank's stock valued at $886,174,000 after purchasing an additional 4,853,498 shares during the period. Finally, Canada Pension Plan Investment Board lifted its position in Toronto-Dominion Bank by 81.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 10,524,446 shares of the bank's stock valued at $630,746,000 after purchasing an additional 4,729,657 shares during the period. 52.37% of the stock is currently owned by hedge funds and other institutional investors.
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.
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