Toronto Dominion Bank (The) (NYSE:TD) Short Interest Down 48.8% in July

Key Points

• Short Interest Decline: Toronto Dominion Bank experienced a significant drop of 48.8% in short interest from July 15th to July 31st, with the total shares short falling to 14,340,000.
• Dividend Increase: The bank recently declared a quarterly dividend of $0.7568 per share, up from the previous $0.73, reflecting a 4.1% annualized yield.
• Analyst Ratings: Consensus among analysts suggests a "Hold" rating for Toronto Dominion Bank, with a revised price target increasing from $87.00 to $93.00.

Toronto Dominion Bank (The) (NYSE:TD - Get Free Report) TSE: TD was the recipient of a significant drop in short interest in July. As of July 31st, there was short interest totaling 14,340,000 shares, adropof48.8% from the July 15th total of 28,000,000 shares. Based on an average daily trading volume, of 1,880,000 shares, the short-interest ratio is currently 7.6 days. Currently,0.8% of the shares of the stock are short sold. Currently,0.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,880,000 shares, the short-interest ratio is currently 7.6 days.

Toronto Dominion Bank Price Performance

TD traded down $0.10 during trading on Monday, reaching $73.91. The stock had a trading volume of 1,082,138 shares, compared to its average volume of 1,759,165. The stock has a market cap of $126.77 billion, a PE ratio of 10.84, a PEG ratio of 1.62 and a beta of 0.84. The business has a 50-day moving average of $73.11 and a 200-day moving average of $65.50. 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 has a one year low of $51.25 and a one year high of $75.58.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last posted its quarterly earnings results on Thursday, May 22nd. The bank reported $1.39 EPS for the quarter, beating analysts' consensus estimates of $1.25 by $0.14. Toronto Dominion Bank had a net margin of 13.53% and a return on equity of 13.11%. The company had revenue of $10.97 billion during the quarter, compared to analyst estimates of $13.36 billion. During the same period in the prior year, the business posted $2.04 EPS. As a group, equities research analysts anticipate that 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 was paid on Thursday, July 31st. Investors of record on Thursday, July 10th were given 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 dividend yield of 4.1%. The ex-dividend date was Thursday, July 10th. Toronto Dominion Bank's dividend payout ratio is presently 45.31%.

Institutional Trading of Toronto Dominion Bank

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Geneos Wealth Management Inc. grew its holdings in Toronto Dominion Bank by 88.2% in the second quarter. Geneos Wealth Management Inc. now owns 4,398 shares of the bank's stock worth $323,000 after purchasing an additional 2,061 shares during the period. Public Sector Pension Investment Board raised its stake in Toronto Dominion Bank by 1,477.7% during the second quarter. Public Sector Pension Investment Board now owns 2,666,729 shares of the bank's stock valued at $195,749,000 after buying an additional 2,497,700 shares during the last quarter. Corient Private Wealth LLC grew its stake in shares of Toronto Dominion Bank by 53.7% in the second quarter. Corient Private Wealth LLC now owns 114,850 shares of the bank's stock worth $8,436,000 after acquiring an additional 40,147 shares during the last quarter. Vident Advisory LLC increased its holdings in shares of Toronto Dominion Bank by 22.8% during the second quarter. Vident Advisory LLC now owns 7,046 shares of the bank's stock valued at $518,000 after acquiring an additional 1,308 shares in the last quarter. Finally, Wasatch Advisors LP increased its holdings in shares of Toronto Dominion Bank by 4.2% during the second quarter. Wasatch Advisors LP now owns 50,210 shares of the bank's stock valued at $3,695,000 after acquiring an additional 2,021 shares in the last quarter. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TD has been the subject of a number of analyst reports. Wall Street Zen raised shares of Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. Scotiabank began coverage on Toronto Dominion Bank in a research report on Thursday, May 15th. They issued a "sector perform" rating for the company. Royal Bank Of Canada upped their target price on Toronto Dominion Bank from $87.00 to $93.00 and gave the company a "sector perform" rating in a research report on Friday, May 23rd. Finally, Desjardins upgraded Toronto Dominion Bank from a "hold" rating to a "buy" rating in a report on Wednesday, August 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Toronto Dominion Bank presently has a consensus rating of "Hold" and a consensus price target of $93.00.

Toronto Dominion Bank Company Profile

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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