The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as chequing, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; and financing options to customers at point of sale for automotive and recreational vehicle purchases. It also provides credit cards and payments; real estate secured lending, auto finance, and consumer lending services; point-of-sale payment solutions for large and small businesses; wealth and asset management products, and advice to retail and institutional clients through direct investing, advice-based, and asset management businesses; and property and casualty insurance, as well as life and health insurance products. The company also provides capital markets, and corporate and investment banking products and services, including underwriting and distribution of new debt and equity issues; advice on strategic acquisitions and divestitures; and trading, funding, and investment services to corporations, governments, and institutions. It offers its products and services under the TD Bank and America's Most Convenient Bank brand names. The company operates through a network of 1,061 branches and 3,381 automated teller machines (ATMs) in Canada, and 1,148 stores and 2,701 ATMs in the United States, as well as offers telephone, digital, and mobile banking services. It has a strategic alliance with Canada Post Corporation. The Toronto-Dominion Bank was founded in 1855 and is headquartered in Toronto, Canada.
Toronto-Dominion Bank Trading Up 1.4 %
NYSE:TD traded up $0.91 on Friday, hitting $67.71. 1,162,577 shares of the stock were exchanged, compared to its average volume of 1,716,120. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a fifty day moving average price of $65.87 and a two-hundred day moving average price of $73.51. The firm has a market capitalization of $122.34 billion, a P/E ratio of 10.55, a P/E/G ratio of 1.34 and a beta of 0.95. Toronto-Dominion Bank has a 52-week low of $58.64 and a 52-week high of $86.01.
Toronto-Dominion Bank (NYSE:TD - Get Rating) (TSE:TD) last posted its quarterly earnings data on Thursday, May 26th. The bank reported $1.60 EPS for the quarter, topping the consensus estimate of $1.47 by $0.13. The company had revenue of $11.26 billion during the quarter, compared to analyst estimates of $10.18 billion. Toronto-Dominion Bank had a net margin of 24.49% and a return on equity of 15.98%. Toronto-Dominion Bank's quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.62 earnings per share. Research analysts forecast that Toronto-Dominion Bank will post 6.39 EPS for the current fiscal year.
Toronto-Dominion Bank Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Sunday, July 31st. Shareholders of record on Friday, July 8th were paid a dividend of $0.692 per share. This represents a $2.77 annualized dividend and a yield of 4.09%. The ex-dividend date of this dividend was Thursday, July 7th. Toronto-Dominion Bank's payout ratio is 43.15%.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on the stock. Stifel Nicolaus decreased their target price on shares of Toronto-Dominion Bank from C$97.00 to C$93.00 in a research note on Wednesday, July 13th. Credit Suisse Group lifted their price objective on shares of Toronto-Dominion Bank from C$102.00 to C$103.00 in a research report on Friday, May 27th. National Bank Financial lifted their price objective on shares of Toronto-Dominion Bank from C$100.00 to C$102.00 in a research report on Friday, May 27th. Finally, Scotiabank reduced their price objective on shares of Toronto-Dominion Bank from C$105.00 to C$102.00 in a research report on Friday, May 20th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Toronto-Dominion Bank currently has a consensus rating of "Hold" and an average target price of $100.66.