Toronto-Dominion Bank (TD) Sets New 12-Month Low at $51.96
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.
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.
COPYRIGHT VIOLATION NOTICE: This piece was originally posted by Watch List News and is the property of of Watch List News. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this piece can be read at https://www.watchlistnews.com/toronto-dominion-bank-td-sets-new-12-month-low-at-51-96/2670837.html.
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.
Further Reading: What is an SEC Filing?
Receive News & Ratings for Toronto-Dominion Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toronto-Dominion Bank and related companies with MarketBeat.com's FREE daily email newsletter.