Shares of Toronto Dominion Bank (The) (NYSE:TD - Get Free Report) TSE: TD hit a new 52-week high during trading on Tuesday . The stock traded as high as $75.12 and last traded at $75.10, with a volume of 1238391 shares trading hands. The stock had previously closed at $74.43.
Analyst Ratings Changes
Several analysts recently commented on TD shares. Wall Street Zen raised Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. Royal Bank Of Canada boosted their price objective on Toronto Dominion Bank from $87.00 to $93.00 and gave the stock a "sector perform" rating in a research note on Friday, May 23rd. Finally, Scotiabank started coverage on Toronto Dominion Bank in a research note on Thursday, May 15th. They issued a "sector perform" rating on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, Toronto Dominion Bank presently has a consensus rating of "Hold" and an average price target of $93.00.
View Our Latest Report on TD
Toronto Dominion Bank Trading Up 0.0%
The company has a market cap of $128.83 billion, a P/E ratio of 10.98, a P/E/G ratio of 1.69 and a beta of 0.83. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09. The business has a 50-day moving average price of $71.46 and a two-hundred day moving average price of $63.65.
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, topping analysts' consensus estimates of $1.25 by $0.14. The company had revenue of $10.97 billion during 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 posted $2.04 earnings per share. On average, analysts predict that Toronto Dominion Bank will post 5.48 EPS for the current year.
Toronto Dominion Bank Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 10th will be issued a $0.7568 dividend. This represents a $3.03 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date is Thursday, July 10th. This is an increase from Toronto Dominion Bank's previous quarterly dividend of $0.73. Toronto Dominion Bank's dividend payout ratio is currently 45.31%.
Institutional Investors Weigh In On Toronto Dominion Bank
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TD. Larson Financial Group LLC increased its holdings in shares of Toronto Dominion Bank by 122.9% in the first quarter. Larson Financial Group LLC now owns 428 shares of the bank's stock worth $26,000 after acquiring an additional 236 shares in the last quarter. Richardson Financial Services Inc. bought a new stake in shares of Toronto Dominion Bank in the second quarter worth about $34,000. Financial Management Professionals Inc. increased its holdings in shares of Toronto Dominion Bank by 322.4% in the first quarter. Financial Management Professionals Inc. now owns 490 shares of the bank's stock worth $29,000 after acquiring an additional 374 shares in the last quarter. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Toronto Dominion Bank in the first quarter worth about $32,000. Finally, ORG Partners LLC bought a new stake in shares of Toronto Dominion Bank in the first quarter worth about $34,000. Institutional investors own 52.37% of the company's stock.
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.
Featured Articles
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
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
