Toronto Dominion Bank (The) (NYSE:TD) Short Interest Update

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 9,747,325 shares, a drop of 47.5% from the April 15th total of 18,548,724 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average trading volume of 2,186,548 shares, the days-to-cover ratio is presently 4.5 days.

Toronto Dominion Bank Trading Up 0.7%

Shares of NYSE:TD traded up $0.76 during midday trading on Monday, hitting $108.40. 506,512 shares of the stock were exchanged, compared to its average volume of 2,417,938. The business’s 50-day moving average price is $100.04 and its 200 day moving average price is $94.06. Toronto Dominion Bank has a 12 month low of $64.12 and a 12 month high of $109.22. The stock has a market capitalization of $179.52 billion, a price-to-earnings ratio of 11.98, a P/E/G ratio of 1.22 and a beta of 0.71. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.05 and a current ratio of 1.05.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its earnings results on Thursday, February 26th. The bank reported $1.76 EPS for the quarter, beating the consensus estimate of $1.63 by $0.13. Toronto Dominion Bank had a return on equity of 14.29% and a net margin of 17.52%.The business had revenue of $11.01 billion for the quarter, compared to analysts’ expectations of $10.43 billion. During the same period in the prior year, the business posted $2.02 earnings per share. The firm’s revenue was up 18.1% on a year-over-year basis. Analysts predict that Toronto Dominion Bank will post 6.91 earnings per share for the current year.

Toronto Dominion Bank Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Thursday, April 9th were issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Thursday, April 9th. Toronto Dominion Bank’s dividend payout ratio is presently 34.25%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TD shares. Zacks Research downgraded Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Canadian Imperial Bank of Commerce downgraded Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. Scotiabank raised Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, May 4th. Weiss Ratings raised Toronto Dominion Bank from a “buy (b)” rating to a “buy (a-)” rating in a research note on Friday, March 27th. Finally, Raymond James Financial raised Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $93.00.

Hedge Funds Weigh In On Toronto Dominion Bank

A number of institutional investors and hedge funds have recently modified their holdings of the business. Main Line Retirement Advisors LLC boosted its holdings in shares of Toronto Dominion Bank by 0.8% during the 1st quarter. Main Line Retirement Advisors LLC now owns 12,254 shares of the bank’s stock worth $1,143,000 after buying an additional 102 shares in the last quarter. Chicago Partners Investment Group LLC raised its position in shares of Toronto Dominion Bank by 1.8% during the first quarter. Chicago Partners Investment Group LLC now owns 5,735 shares of the bank’s stock worth $535,000 after purchasing an additional 102 shares during the period. Checchi Capital Advisers LLC raised its position in shares of Toronto Dominion Bank by 1.5% during the first quarter. Checchi Capital Advisers LLC now owns 7,194 shares of the bank’s stock worth $671,000 after purchasing an additional 104 shares during the period. Rosenberg Matthew Hamilton raised its position in shares of Toronto Dominion Bank by 8.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 1,489 shares of the bank’s stock worth $140,000 after purchasing an additional 118 shares during the period. Finally, Richardson Financial Services Inc. raised its position in shares of Toronto Dominion Bank by 12.4% during the fourth quarter. Richardson Financial Services Inc. now owns 1,104 shares of the bank’s stock worth $104,000 after purchasing an additional 122 shares during the period. 52.37% of the stock is currently owned by institutional investors.

Toronto Dominion Bank Company Profile

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.