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 Price Performance
Shares of Toronto-Dominion Bank stock opened at $66.30 on Thursday. The company has a 50-day simple moving average of $66.43 and a two-hundred day simple moving average of $73.73. The stock has a market capitalization of $119.79 billion, a price-to-earnings ratio of 10.33, a price-to-earnings-growth ratio of 1.29 and a beta of 0.95. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.12. Toronto-Dominion Bank has a twelve month low of $58.64 and a twelve month high of $86.01.
Toronto-Dominion Bank (NYSE:TD - Get Rating) (TSE:TD) last released its quarterly earnings data on Thursday, May 26th. The bank reported $1.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.47 by $0.13. Toronto-Dominion Bank had a net margin of 24.49% and a return on equity of 15.98%. The business had revenue of $11.26 billion during the quarter, compared to analysts' expectations of $10.18 billion. During the same period in the prior year, the company earned $1.62 EPS. The firm's quarterly revenue was up 10.1% compared to the same quarter last year. Analysts forecast that Toronto-Dominion Bank will post 6.4 EPS for the current year.
Toronto-Dominion Bank Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Sunday, July 31st. Shareholders of record on Friday, July 8th were issued a dividend of $0.692 per share. The ex-dividend date was Thursday, July 7th. This represents a $2.77 annualized dividend and a yield of 4.17%. Toronto-Dominion Bank's payout ratio is 43.15%.
Analysts Set New Price Targets
Several analysts have recently commented on the stock. Stifel Nicolaus decreased their price target on shares of Toronto-Dominion Bank from C$97.00 to C$93.00 in a research note on Wednesday, July 13th. National Bank Financial increased their price target on shares of Toronto-Dominion Bank from C$100.00 to C$102.00 in a research note on Friday, May 27th. Scotiabank decreased their price target on shares of Toronto-Dominion Bank from C$105.00 to C$102.00 in a research note on Friday, May 20th. Finally, Credit Suisse Group increased their price target on shares of Toronto-Dominion Bank from C$102.00 to C$103.00 in a research note on Friday, May 27th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $100.66.