National Bank Financial Predicts TD FY2025 Earnings

The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) – Research analysts at National Bank Financial reduced their FY2025 earnings per share estimates for shares of Toronto-Dominion Bank in a report issued on Sunday, April 6th. National Bank Financial analyst G. Dechaine now forecasts that the bank will earn $5.36 per share for the year, down from their prior forecast of $5.43. The consensus estimate for Toronto-Dominion Bank’s current full-year earnings is $5.48 per share. National Bank Financial also issued estimates for Toronto-Dominion Bank’s FY2026 earnings at $5.57 EPS.

Other research analysts have also issued reports about the company. StockNews.com cut Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Monday, February 24th. Jefferies Financial Group cut shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Bank of America raised shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. Finally, BMO Capital Markets raised Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 19th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Toronto-Dominion Bank currently has an average rating of “Hold” and an average price target of $80.50.

Toronto-Dominion Bank Stock Down 0.1 %

TD stock opened at $55.67 on Wednesday. Toronto-Dominion Bank has a twelve month low of $51.25 and a twelve month high of $64.91. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11. The business has a 50 day moving average price of $59.07 and a two-hundred day moving average price of $57.35. The company has a market cap of $97.55 billion, a price-to-earnings ratio of 16.04, a P/E/G ratio of 1.95 and a beta of 0.73.

Toronto-Dominion Bank Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be issued a $0.7278 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.91 annualized dividend and a dividend yield of 5.23%. Toronto-Dominion Bank’s payout ratio is currently 85.29%.

Institutional Trading of Toronto-Dominion Bank

Several institutional investors and hedge funds have recently modified their holdings of TD. Vanguard Group Inc. increased its holdings in shares of Toronto-Dominion Bank by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 74,118,551 shares of the bank’s stock worth $3,946,072,000 after buying an additional 1,415,934 shares during the period. FIL Ltd boosted its stake in shares of Toronto-Dominion Bank by 17.3% during the 4th quarter. FIL Ltd now owns 38,989,749 shares of the bank’s stock valued at $2,075,819,000 after purchasing an additional 5,756,584 shares in the last quarter. Mackenzie Financial Corp grew its holdings in shares of Toronto-Dominion Bank by 5.6% during the 4th quarter. Mackenzie Financial Corp now owns 27,990,674 shares of the bank’s stock worth $1,488,233,000 after acquiring an additional 1,491,472 shares during the period. Norges Bank purchased a new stake in shares of Toronto-Dominion Bank in the 4th quarter worth about $992,204,000. Finally, Beutel Goodman & Co Ltd. increased its position in Toronto-Dominion Bank by 3.8% during the 4th quarter. Beutel Goodman & Co Ltd. now owns 16,803,807 shares of the bank’s stock valued at $894,169,000 after buying an additional 622,736 shares in the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Company Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.