Shares of Toronto-Dominion Bank (NYSE:TD) (TSE:TD) reached a new 52-week low on Thursday . The stock traded as low as $51.96 and last traded at $52.44, with a volume of 194728 shares traded. The stock had previously closed at $54.19.
A number of research firms have issued reports on TD. Zacks Investment Research cut shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. ValuEngine cut shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 7th. Barclays restated a “hold” rating on shares of Toronto-Dominion Bank in a research report on Friday, November 16th. TheStreet cut shares of Toronto-Dominion Bank from a “b-” rating to a “c” rating in a research report on Thursday, November 29th. Finally, Canaccord Genuity restated a “buy” rating on shares of Toronto-Dominion Bank in a research report on Friday, November 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. Toronto-Dominion Bank currently has a consensus rating of “Hold” and an average price target of $76.50.
The stock has a market cap of $96.82 billion, a PE ratio of 10.44, a PEG ratio of 1.31 and a beta of 1.02. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.91 and a current ratio of 0.91.
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings results on Thursday, November 29th. The bank reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.40. Toronto-Dominion Bank had a net margin of 21.27% and a return on equity of 16.78%. The company had revenue of $10.12 billion for the quarter, compared to analysts’ expectations of $9.31 billion. During the same quarter in the previous year, the company earned $1.36 earnings per share. Toronto-Dominion Bank’s quarterly revenue was up 9.2% on a year-over-year basis. As a group, analysts forecast that Toronto-Dominion Bank will post 5.25 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 31st. Investors of record on Thursday, January 10th will be given a dividend of $0.509 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.88%. The ex-dividend date of this dividend is Wednesday, January 9th. Toronto-Dominion Bank’s dividend payout ratio is currently 41.35%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Manhattan Co. grew its holdings in Toronto-Dominion Bank by 106.9% in the third quarter. First Manhattan Co. now owns 1,970 shares of the bank’s stock worth $119,000 after purchasing an additional 1,018 shares during the period. Huntington National Bank grew its holdings in Toronto-Dominion Bank by 216.9% in the third quarter. Huntington National Bank now owns 2,114 shares of the bank’s stock worth $129,000 after purchasing an additional 1,447 shares during the period. Quad Cities Investment Group LLC purchased a new stake in Toronto-Dominion Bank in the second quarter worth about $139,000. Klingenstein Fields & Co. LLC purchased a new stake in Toronto-Dominion Bank in the third quarter worth about $200,000. Finally, Marble Harbor Investment Counsel LLC purchased a new stake in Toronto-Dominion Bank in the second quarter worth about $206,000. Institutional investors own 47.92% of the company’s stock.
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Toronto-Dominion Bank Company Profile (NYSE:TD)
The Toronto-Dominion Bank engages in providing financial products and services. It operates through the following business segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The Canadian Retail segment offers various financial products and services, as well as telephone, Internet, and mobile banking services.
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