The Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD saw a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 18,160,000 shares, a decline of 30.1% from the March 31st total of 25,970,000 shares. Based on an average daily volume of 2,890,000 shares, the days-to-cover ratio is currently 6.3 days. Approximately 1.0% of the company's shares are short sold.
Toronto-Dominion Bank Trading Up 0.5 %
TD traded up $0.27 during trading on Friday, reaching $59.38. 2,542,598 shares of the stock traded hands, compared to its average volume of 3,322,045. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $104.70 billion, a PE ratio of 12.69, a P/E/G ratio of 1.82 and a beta of 0.86. The stock's 50-day moving average is $59.35 and its 200 day moving average is $60.08. Toronto-Dominion Bank has a 12 month low of $54.69 and a 12 month high of $66.15.
Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last issued its quarterly earnings results on Thursday, February 29th. The bank reported $1.47 EPS for the quarter, beating analysts' consensus estimates of $1.42 by $0.05. The business had revenue of $10.07 billion for the quarter, compared to analysts' expectations of $9.35 billion. Toronto-Dominion Bank had a net margin of 11.16% and a return on equity of 14.15%. Equities analysts anticipate that Toronto-Dominion Bank will post 5.85 earnings per share for the current year.
Toronto-Dominion Bank Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th will be issued a dividend of $0.7519 per share. The ex-dividend date of this dividend is Monday, April 8th. This represents a $3.01 annualized dividend and a dividend yield of 5.07%. This is a positive change from Toronto-Dominion Bank's previous quarterly dividend of $0.75. Toronto-Dominion Bank's dividend payout ratio is currently 30.56%.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on TD. Scotiabank raised shares of Toronto-Dominion Bank from a "sector perform" rating to a "sector outperform" rating in a research note on Wednesday, April 17th. Jefferies Financial Group began coverage on shares of Toronto-Dominion Bank in a research note on Thursday, February 22nd. They issued a "hold" rating on the stock. Finally, Barclays began coverage on shares of Toronto-Dominion Bank in a research note on Wednesday, March 20th. They issued an "equal weight" rating on the stock. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Toronto-Dominion Bank presently has an average rating of "Hold" and an average price target of $89.33.
Read Our Latest Stock Report on Toronto-Dominion Bank
Hedge Funds Weigh In On Toronto-Dominion Bank
Institutional investors have recently made changes to their positions in the stock. Bray Capital Advisors raised its holdings in shares of Toronto-Dominion Bank by 206.7% during the third quarter. Bray Capital Advisors now owns 460 shares of the bank's stock valued at $28,000 after purchasing an additional 310 shares during the period. Mather Group LLC. acquired a new stake in shares of Toronto-Dominion Bank in the 1st quarter worth about $29,000. LifeSteps Financial Inc. acquired a new stake in shares of Toronto-Dominion Bank in the 1st quarter worth about $30,000. Bank of New Hampshire acquired a new stake in shares of Toronto-Dominion Bank in the 4th quarter worth about $32,000. Finally, Avior Wealth Management LLC raised its holdings in shares of Toronto-Dominion Bank by 92.9% in the 4th quarter. Avior Wealth Management LLC now owns 594 shares of the bank's stock worth $38,000 after acquiring an additional 286 shares during the last quarter. Institutional investors and hedge funds own 52.37% of the company's stock.
About Toronto-Dominion Bank
(
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The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.
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