Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) has earned an average recommendation of “Buy” from the fourteen research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $63.60.
TD has been the subject of a number of research reports. Zacks Investment Research cut shares of Toronto Dominion Bank (The) from a “hold” rating to a “sell” rating in a research note on Thursday, May 4th. National Bank Financial reissued a “sector perform overweight” rating on shares of Toronto Dominion Bank (The) in a research note on Thursday, May 18th. Barclays PLC raised shares of Toronto Dominion Bank (The) from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, May 23rd. Royal Bank Of Canada boosted their target price on shares of Toronto Dominion Bank (The) from $68.00 to $70.00 and gave the stock a “sector perform” rating in a research note on Friday, May 26th. Finally, BidaskClub raised shares of Toronto Dominion Bank (The) from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th.
Toronto Dominion Bank (TD) traded up 0.80% on Tuesday, hitting $50.65. 1,027,882 shares of the company’s stock traded hands. The stock has a 50-day moving average of $51.02 and a 200-day moving average of $49.80. Toronto Dominion Bank has a one year low of $43.09 and a one year high of $54.44. The stock has a market cap of $93.37 billion, a PE ratio of 13.67 and a beta of 0.89.
Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last released its earnings results on Thursday, May 25th. The bank reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.08. The business had revenue of $8.47 billion during the quarter, compared to analysts’ expectations of $8.72 billion. Toronto Dominion Bank (The) had a net margin of 22.56% and a return on equity of 14.09%. The company’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.20 earnings per share. On average, equities analysts forecast that Toronto Dominion Bank will post $4.20 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Monday, July 10th were given a dividend of $0.444 per share. The ex-dividend date was Thursday, July 6th. This represents a $1.78 dividend on an annualized basis and a yield of 3.51%. Toronto Dominion Bank (The)’s payout ratio is presently 48.18%.
Institutional investors have recently bought and sold shares of the company. Public Sector Pension investment Board raised its position in Toronto Dominion Bank (The) by 1,745.0% in the second quarter. Public Sector Pension investment Board now owns 3,658,692 shares of the bank’s stock worth $184,104,000 after buying an additional 3,881,100 shares during the last quarter. Canada Pension Plan Investment Board raised its position in Toronto Dominion Bank (The) by 3,364.0% in the second quarter. Canada Pension Plan Investment Board now owns 2,899,388 shares of the bank’s stock worth $145,896,000 after buying an additional 2,815,688 shares during the last quarter. Acadian Asset Management LLC raised its position in Toronto Dominion Bank (The) by 46.1% in the first quarter. Acadian Asset Management LLC now owns 6,676,336 shares of the bank’s stock worth $333,462,000 after buying an additional 2,106,791 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Toronto Dominion Bank (The) by 44.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 6,535,700 shares of the bank’s stock worth $329,248,000 after buying an additional 2,022,507 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Toronto Dominion Bank (The) by 5.1% in the second quarter. Vanguard Group Inc. now owns 41,532,070 shares of the bank’s stock worth $2,092,385,000 after buying an additional 2,014,823 shares during the last quarter. Hedge funds and other institutional investors own 52.43% of the company’s stock.
About Toronto Dominion Bank (The)
Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.
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