The Toronto-Dominion Bank (NYSE:TD) announced a quarterly dividend on Friday, August 26th. Shareholders of record on Friday, October 7th will be paid a dividend of 0.4249 per share on Monday, October 31st. This represents a $1.70 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date is Wednesday, October 5th. This is a positive change from The Toronto-Dominion Bank’s previous quarterly dividend of $0.42.
Shares of The Toronto-Dominion Bank (NYSE:TD) opened at 44.46 on Tuesday. The Toronto-Dominion Bank has a one year low of $33.49 and a one year high of $45.98. The firm has a 50-day moving average of $44.30 and a 200-day moving average of $43.61. The company has a market capitalization of $82.46 billion, a P/E ratio of 13.25 and a beta of 0.95.
The Toronto-Dominion Bank (NYSE:TD) last announced its quarterly earnings results on Thursday, August 25th. The company reported $1.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.06. The Toronto-Dominion Bank had a net margin of 21.02% and a return on equity of 13.56%. The firm had revenue of $8.70 billion for the quarter. During the same period in the previous year, the firm posted $1.20 EPS. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. Equities research analysts expect that The Toronto-Dominion Bank will post $3.69 EPS for the current fiscal year.
A number of research analysts have weighed in on TD shares. TD Securities reaffirmed a “buy” rating and issued a $64.00 price target (up previously from $61.00) on shares of The Toronto-Dominion Bank in a research note on Monday, August 29th. Dundee Securities initiated coverage on shares of The Toronto-Dominion Bank in a report on Wednesday, September 21st. They issued a “buy” rating on the stock. BMO Capital Markets reiterated a “buy” rating on shares of The Toronto-Dominion Bank in a report on Wednesday, July 6th. Zacks Investment Research downgraded shares of The Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Thursday, August 18th. Finally, Canaccord Genuity downgraded shares of The Toronto-Dominion Bank from a “buy” rating to a “hold” rating and set a $59.00 price objective on the stock. in a report on Thursday, August 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. The Toronto-Dominion Bank has an average rating of “Buy” and an average target price of $56.88.
A number of institutional investors have recently modified their holdings of TD. Teachers Advisors Inc. increased its position in shares of The Toronto-Dominion Bank by 993.0% in the second quarter. Teachers Advisors Inc. now owns 2,820 shares of the company’s stock worth $121,000 after buying an additional 2,562 shares during the last quarter. AHL Partners LLP purchased a new position in shares of The Toronto-Dominion Bank during the second quarter worth $201,000. Seven Eight Capital LLC purchased a new position in shares of The Toronto-Dominion Bank during the second quarter worth $245,000. Nuveen Fund Advisors LLC purchased a new position in shares of The Toronto-Dominion Bank during the second quarter worth $334,000. Finally, Compagnie Lombard Odier SCmA increased its position in shares of The Toronto-Dominion Bank by 5.8% in the second quarter. Compagnie Lombard Odier SCmA now owns 7,830 shares of the company’s stock worth $335,000 after buying an additional 430 shares during the last quarter. Institutional investors and hedge funds own 51.77% of the company’s stock.
About The Toronto-Dominion Bank
The Toronto-Dominion Bank (the Bank) operates as a bank in North America. The Bank conducts its business through segments, such as Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. Canadian Retail provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses, including credit cards, auto finance, wealth and insurance businesses.
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