Toronto-Dominion Bank (NYSE:TD) (TSE:TD) shares hit a new 52-week low on Thursday . The company traded as low as $51.96 and last traded at $52.44, with a volume of 194728 shares changing hands. The stock had previously closed at $54.19.

TD has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, August 15th. TheStreet upgraded shares of Toronto-Dominion Bank from a “c+” rating to a “b” rating in a research report on Tuesday, September 4th. ValuEngine downgraded 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. Finally, Canaccord Genuity restated a “buy” rating on shares of Toronto-Dominion Bank in a research report on Thursday, November 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $76.50.

The firm has a market cap of $96.82 billion, a P/E ratio of 10.44, a P/E/G ratio of 1.31 and a beta of 1.02. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.12.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its earnings results on Thursday, November 29th. The bank reported $1.63 EPS for the quarter, beating the Zacks’ 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 business had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $9.31 billion. During the same period in the prior year, the company earned $1.36 earnings per share. The firm’s revenue was up 9.2% on a year-over-year basis. Analysts predict that Toronto-Dominion Bank will post 5.25 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Thursday, January 10th will be issued a dividend of $0.509 per share. The ex-dividend date of this dividend is Wednesday, January 9th. This represents a $2.04 dividend on an annualized basis and a yield of 3.88%. Toronto-Dominion Bank’s dividend payout ratio is currently 41.35%.

A number of hedge funds have recently made changes to their positions in TD. Marshall Wace North America L.P. increased its stake in shares of Toronto-Dominion Bank by 7.5% in the third quarter. Marshall Wace North America L.P. now owns 73,300 shares of the bank’s stock worth $4,451,000 after purchasing an additional 5,100 shares in the last quarter. Belpointe Asset Management LLC purchased a new stake in shares of Toronto-Dominion Bank in the third quarter worth $249,000. Vanguard Group Inc. increased its stake in shares of Toronto-Dominion Bank by 2.7% in the third quarter. Vanguard Group Inc. now owns 47,982,817 shares of the bank’s stock worth $2,917,356,000 after purchasing an additional 1,273,742 shares in the last quarter. Morgan Stanley increased its stake in shares of Toronto-Dominion Bank by 1.7% in the third quarter. Morgan Stanley now owns 2,086,282 shares of the bank’s stock worth $126,847,000 after purchasing an additional 34,114 shares in the last quarter. Finally, Nordea Investment Management AB purchased a new stake in shares of Toronto-Dominion Bank in the third quarter worth $78,650,000. 47.92% of the stock is owned by institutional investors and hedge funds.

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About Toronto-Dominion Bank (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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