The Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD hit a new 52-week high on Monday . The company traded as high as $69.38 and last traded at $69.08, with a volume of 142796 shares. The stock had previously closed at $69.05.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on TD shares. Wall Street Zen upgraded Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. Royal Bank of Canada increased their target price 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. Scotiabank started coverage on Toronto-Dominion Bank in a research note on Thursday, May 15th. They set a "sector perform" rating on the stock. Finally, Jefferies Financial Group lowered Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $93.00.
View Our Latest Analysis on Toronto-Dominion Bank
Toronto-Dominion Bank Stock Up 1.0%
The firm has a market cap of $121.48 billion, a price-to-earnings ratio of 20.17, a P/E/G ratio of 1.95 and a beta of 0.81. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a 50-day moving average of $62.36 and a 200-day moving average of $58.66.
Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last issued its quarterly earnings results on Thursday, May 22nd. The bank reported $1.39 earnings per share (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 the consensus estimate of $13.36 billion. Toronto-Dominion Bank had a return on equity of 13.96% and a net margin of 7.37%. During the same quarter in the prior year, the business posted $2.04 earnings per share. Sell-side analysts predict that The Toronto-Dominion Bank will post 5.48 EPS for the current fiscal year.
Toronto-Dominion Bank Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 10th will be given a dividend of $0.7568 per share. The ex-dividend date is Thursday, July 10th. This represents a $3.03 dividend on an annualized basis and a yield of 4.33%. This is an increase from Toronto-Dominion Bank's previous quarterly dividend of $0.73. Toronto-Dominion Bank's dividend payout ratio is currently 42.67%.
Institutional Investors Weigh In On Toronto-Dominion Bank
A number of large investors have recently modified their holdings of TD. Norges Bank acquired a new stake in shares of Toronto-Dominion Bank in the 4th quarter valued at $992,204,000. Goldman Sachs Group Inc. boosted its holdings in shares of 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 in the last quarter. FIL Ltd boosted 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 valued at $2,075,819,000 after purchasing an additional 5,756,584 shares in the last quarter. Federation des caisses Desjardins du Quebec boosted its holdings in shares of Toronto-Dominion Bank by 48.9% in 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 in the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of Toronto-Dominion Bank by 81.6% in 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 in the last quarter. Institutional investors and hedge funds 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.
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