Toronto Dominion Bank (The) (NYSE:TD - Get Free Report) TSE: TD shares reached a new 52-week high during trading on Tuesday . The company traded as high as $71.92 and last traded at $71.82, with a volume of 52584 shares changing hands. The stock had previously closed at $71.18.
Wall Street Analysts Forecast Growth
A number of brokerages have recently 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. Royal Bank Of Canada raised their price target 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 assumed coverage on shares of Toronto Dominion Bank in a research report on Thursday, May 15th. They set a "sector perform" rating on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $93.00.
View Our Latest Stock Analysis on TD
Toronto Dominion Bank Stock Performance
The company has a 50 day moving average of $66.79 and a two-hundred day moving average of $60.53. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $124.86 billion, a PE ratio of 10.64, a PEG ratio of 1.77 and a beta of 0.82.
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 firm had revenue of $10.97 billion for the quarter, compared to the consensus estimate of $13.36 billion. Toronto Dominion Bank had a net margin of 13.53% and a return on equity of 13.11%. During the same period in the prior year, the firm earned $2.04 EPS. As a group, equities research analysts predict that Toronto Dominion Bank will post 5.48 earnings per share for the current year.
Toronto Dominion Bank Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be issued a dividend of $0.7568 per share. 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 dividend on an annualized basis and a dividend yield of 4.17%. Toronto Dominion Bank's dividend payout ratio is presently 42.82%.
Hedge Funds Weigh In On Toronto Dominion Bank
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TD. Balanced Rock Investment Advisors LLC raised its stake in shares of Toronto Dominion Bank by 1.1% in 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 last quarter. Frank Rimerman Advisors LLC raised its position in Toronto Dominion Bank by 3.2% in the 4th quarter. Frank Rimerman Advisors LLC now owns 5,446 shares of the bank's stock worth $290,000 after buying an additional 171 shares during the last quarter. MFA Wealth Services raised its position in Toronto Dominion Bank by 4.5% in the 1st quarter. MFA Wealth Services now owns 4,179 shares of the bank's stock worth $250,000 after buying an additional 179 shares during the last quarter. Intrua Financial LLC lifted its stake in Toronto Dominion Bank by 2.4% during the 1st quarter. Intrua Financial LLC now owns 7,812 shares of the bank's stock valued at $468,000 after acquiring an additional 183 shares during the period. Finally, Hexagon Capital Partners LLC boosted its holdings in shares of Toronto Dominion Bank by 14.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 1,500 shares of the bank's stock valued at $90,000 after acquiring an additional 190 shares during the last quarter. 52.37% of the stock is owned by 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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