Stocks of The Toronto-Dominion Bank (NYSE:TD) traded higher last session on Wall Street, down -2.50% to $59.68.
According to the data, The Toronto-Dominion Bank (NYSE:TD) has 6 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $84.60 and a low of $58.27, we find $73.00. Given the previous closing price of $61.21, this indicates a potential upside of 19.26 percent. TD stock price is now -0.44% away from the 50-day moving average and -6.87% away from the 200-day moving average. The market capitalization of the company currently stands at $108.69B.
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A total of 1 analysts have issued a hold rating and 3 have given it a buy rating. Brokers who have rated the stock have averaged $71.96 as their price target over the next twelve months.
A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TD stock. A new stake in The Toronto-Dominion Bank shares was purchased by CANOE FINANCIAL LP during the first quarter worth $98,065,000. MUFG SECURITIES EMEA PLC invested $77,584,000 in shares of TD during the first quarter. In the first quarter, QUADRATURE CAPITAL LTD acquired a new stake in The Toronto-Dominion Bank valued at approximately $45,249,000. OFI INVEST ASSET MANAGEMENT acquired a new stake in TD for approximately $20,242,000. WESTPAC BANKING CORP purchased a new stake in TD valued at around $14,285,000 in the second quarter. In total, there are 1,111 active investors with 66.70% ownership of the company’s stock.
Wednesday’s opening bell rang with an opening price of $60.42 for The Toronto-Dominion Bank (NYSE: TD). During the past 12 months, The Toronto-Dominion Bank has had a low of $55.43 and a high of $77.15. The fifty day moving average price for TD is $59.96 and a two-hundred day moving average price translates $64.06 for the stock.
The latest earnings results from The Toronto-Dominion Bank (NYSE: TD) was released for Jan, 2023. According to the Banks – Diversified Company, earnings per share came in at $1.63, beating analysts’ expectations of $1.6 by 0.03. This compares to $1.60 EPS in the same period last year. The net profit margin was 29.00% and return on equity was 15.40% for TD. The company reported revenue of $13.41 billion for the quarter, compared to $5.94 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 125.75 percent. For the current quarter, analysts expect TD to generate $9.24B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 04/30/2018. Investors who held shares on 04/10/2018 were paid a $0.519 dividend. On an annualized basis, this represents a $2.85 dividend and a 4.78% percent yield. There was an ex-dividend date of 04/09/2018 for this dividend. In terms of dividend payout ratio, TD is presently at 44.70%.
The Toronto-Dominion Bank(TD) 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 three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as chequing, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; and financing options to customers at point of sale for automotive and recreational vehicle purchases. It also provides credit cards and payments; real estate secured lending, auto finance, and consumer lending services; point-of-sale payment solutions for large and small businesses; wealth and asset management products, and advice to retail and institutional clients through direct investing, advice-based, and asset management businesses; and property and casualty insurance, as well as life and health insurance products. The company also provides capital markets, and corporate and investment banking products and services, including underwriting and distribution of new debt and equity issues; advice on strategic acquisitions and divestitures; and trading, funding, and investment services to corporations, governments, and institutions. It offers its products and services under the TD Bank and America’s Most Convenient Bank brand names. It has a strategic alliance with Canada Post Corporation. The Toronto-Dominion Bank was founded in 1855 and is headquartered in Toronto, Canada.
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