TD has been the subject of several other reports. Zacks Investment Research raised shares of Toronto-Dominion Bank from a hold rating to a buy rating and set a $60.00 price target for the company in a report on Tuesday, January 22nd. BMO Capital Markets reissued a buy rating on shares of Toronto-Dominion Bank in a report on Thursday, February 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. Toronto-Dominion Bank currently has an average rating of Hold and a consensus price target of $60.00.
Shares of NYSE:TD opened at $55.61 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.12. Toronto-Dominion Bank has a one year low of $47.73 and a one year high of $62.00. The firm has a market capitalization of $100.98 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 1.57 and a beta of 1.06.
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings results on Thursday, February 28th. The bank reported $1.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.13). Toronto-Dominion Bank had a net margin of 20.48% and a return on equity of 16.36%. The firm had revenue of $7.51 billion during the quarter, compared to the consensus estimate of $7.35 billion. On average, equities analysts expect that Toronto-Dominion Bank will post 5.07 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 10th were issued a dividend of $0.564 per share. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.51. This represents a $2.26 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date was Tuesday, April 9th. Toronto-Dominion Bank’s payout ratio is currently 44.14%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Citizens Financial Group Inc RI bought a new stake in shares of Toronto-Dominion Bank during the 1st quarter worth $28,000. Financial Gravity Wealth Inc. bought a new stake in shares of Toronto-Dominion Bank during the 1st quarter worth $29,000. Capital Investment Advisory Services LLC bought a new stake in shares of Toronto-Dominion Bank during the 4th quarter worth $27,000. Farmers National Bank bought a new stake in shares of Toronto-Dominion Bank during the 1st quarter worth $33,000. Finally, Manchester Capital Management LLC bought a new stake in shares of Toronto-Dominion Bank during the 1st quarter worth $37,000. 49.74% of the stock is owned by institutional investors.
Toronto-Dominion Bank Company Profile
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.
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