Toronto-Dominion Bank Sees Unusually High Options Volume (TD)
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) was the recipient of some unusual options trading on Tuesday. Investors bought 11,865 call options on the company. This represents an increase of 2,134% compared to the typical daily volume of 531 call options.
A number of brokerages have commented on TD. Zacks Investment Research lowered Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, August 15th. TheStreet upgraded Toronto-Dominion Bank from a “c+” rating to a “b” rating in a research report on Tuesday, September 4th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. Toronto-Dominion Bank has a consensus rating of “Buy” and an average target price of $79.00.
NYSE:TD opened at $60.98 on Wednesday. Toronto-Dominion Bank has a 12-month low of $54.66 and a 12-month high of $62.00. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market capitalization of $112.17 billion, a PE ratio of 12.60, a P/E/G ratio of 1.16 and a beta of 0.99.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Wednesday, October 10th will be given a $0.5144 dividend. The ex-dividend date is Tuesday, October 9th. This represents a $2.06 annualized dividend and a dividend yield of 3.37%. Toronto-Dominion Bank’s dividend payout ratio is currently 48.11%.
Large investors have recently bought and sold shares of the company. Institutional & Family Asset Management LLC bought a new position in shares of Toronto-Dominion Bank in the 1st quarter worth $136,000. Private Capital Group LLC boosted its position in shares of Toronto-Dominion Bank by 662.9% in the 1st quarter. Private Capital Group LLC now owns 2,388 shares of the bank’s stock worth $136,000 after purchasing an additional 2,075 shares during the last quarter. Destination Wealth Management bought a new position in shares of Toronto-Dominion Bank in the 2nd quarter worth $139,000. Quad Cities Investment Group LLC bought a new position in shares of Toronto-Dominion Bank in the 2nd quarter worth $139,000. Finally, Atlas Capital Advisors LLC boosted its position in shares of Toronto-Dominion Bank by 1,361.3% in the 2nd quarter. Atlas Capital Advisors LLC now owns 2,455 shares of the bank’s stock worth $142,000 after purchasing an additional 2,287 shares during the last quarter. Institutional investors and hedge funds own 47.70% of the company’s stock.
About Toronto-Dominion Bank
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to small, medium, and large 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.
Further Reading: Moving Average (MA)
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