Toronto-Dominion Bank (NYSE:TD) (TSE:TD) – Stock analysts at National Bank Financial decreased their Q2 2020 earnings estimates for shares of Toronto-Dominion Bank in a research report issued to clients and investors on Tuesday, February 11th. National Bank Financial analyst G. Dechaine now forecasts that the bank will earn $1.27 per share for the quarter, down from their previous estimate of $1.29. National Bank Financial also issued estimates for Toronto-Dominion Bank’s Q3 2020 earnings at $1.31 EPS and FY2020 earnings at $5.08 EPS.
Several other research firms have also issued reports on TD. Citigroup lowered shares of Toronto-Dominion Bank from a “buy” rating to a “neutral” rating and set a $78.00 price target on the stock. in a report on Tuesday, December 17th. Canaccord Genuity cut their price target on shares of Toronto-Dominion Bank from $81.00 to $79.00 and set a “buy” rating on the stock in a report on Friday, December 6th. Desjardins reaffirmed a “buy” rating and issued a $81.00 price target on shares of Toronto-Dominion Bank in a report on Friday, November 22nd. Zacks Investment Research lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Friday. Finally, CSFB lowered shares of Toronto-Dominion Bank from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $76.00 to $74.00 in a report on Monday, October 28th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $78.42.
NYSE TD opened at $56.82 on Thursday. The firm’s fifty day simple moving average is $56.30 and its two-hundred day simple moving average is $56.42. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.13. Toronto-Dominion Bank has a 12-month low of $53.44 and a 12-month high of $59.55. The firm has a market capitalization of $103.02 billion, a P/E ratio of 12.12, a P/E/G ratio of 1.79 and a beta of 0.96.
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, December 5th. The bank reported $1.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.28. Toronto-Dominion Bank had a net margin of 19.76% and a return on equity of 15.69%. The business had revenue of $10.34 billion for the quarter, compared to analyst estimates of $10.08 billion. During the same period in the previous year, the company earned $1.63 earnings per share. The business’s revenue for the quarter was up 2.0% on a year-over-year basis.
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were paid a dividend of $0.5605 per share. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.55. This represents a $2.24 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend was Thursday, January 9th. Toronto-Dominion Bank’s payout ratio is presently 45.33%.
Several large investors have recently bought and sold shares of TD. Advisors Asset Management Inc. increased its holdings in Toronto-Dominion Bank by 203.6% in the fourth quarter. Advisors Asset Management Inc. now owns 1,093 shares of the bank’s stock valued at $61,000 after buying an additional 733 shares in the last quarter. Captrust Financial Advisors increased its holdings in Toronto-Dominion Bank by 338.7% in the fourth quarter. Captrust Financial Advisors now owns 8,086 shares of the bank’s stock valued at $457,000 after buying an additional 6,243 shares in the last quarter. Financial Architects Inc increased its holdings in Toronto-Dominion Bank by 2.3% in the fourth quarter. Financial Architects Inc now owns 8,520 shares of the bank’s stock valued at $478,000 after buying an additional 190 shares in the last quarter. First Republic Investment Management Inc. increased its holdings in Toronto-Dominion Bank by 1.3% in the fourth quarter. First Republic Investment Management Inc. now owns 43,222 shares of the bank’s stock valued at $2,426,000 after buying an additional 559 shares in the last quarter. Finally, Ancora Advisors LLC purchased a new position in Toronto-Dominion Bank in the fourth quarter valued at $56,000. Institutional investors and hedge funds own 47.59% 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. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to 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.
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