In yesterday’s Wall Street session, The Toronto-Dominion Bank (NYSE:TD) shares traded at $64.87, down -0.38% from the previous session.
As of this writing, 6 analysts cover The Toronto-Dominion Bank (NYSE:TD). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $88.80 and a low of $52.10, we find $66.00. Given the previous closing price of $65.12, this indicates a potential upside of 1.35 percent. TD stock price is now 6.38% away from the 50-day moving average and 2.72% away from the 200-day moving average. The market capitalization of the company currently stands at $117.86B.
There are 1 analysts who have given it a hold rating, whereas 3 have given it a buy rating. Brokers who have rated the stock have averaged $68.97 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 $106,593,000. MUFG SECURITIES EMEA PLC invested $84,331,000 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 $49,184,000. WESTPAC BANKING CORP acquired a new stake in TD for approximately $15,528,000. UTAH RETIREMENT SYSTEMS purchased a new stake in TD valued at around $14,617,000 in the second quarter. In total, there are 1,119 active investors with 66.70% ownership of the company’s stock.
Thursday morning saw The Toronto-Dominion Bank (NYSE: TD) opened at $65.32. During the past 12 months, The Toronto-Dominion Bank has had a low of $55.43 and a high of $70.67. The fifty day moving average price for TD is $61.05 and a two-hundred day moving average price translates $63.18 for the stock.
The latest earnings results from The Toronto-Dominion Bank (NYSE: TD) was released for Apr, 2023. According to the Banks – Diversified Company, earnings per share came in at $1.47, missing analysts’ expectations of $1.56 by -0.09. This compares to $1.63 EPS in the same period last year. The net profit margin was 22.90% and return on equity was 14.30% for TD. The company reported revenue of $14.53 billion for the quarter, compared to $6.34 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 129.14 percent. For the current quarter, analysts expect TD to generate $9.46B 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 $2.89 dividend and a 4.46% 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 30.80%.
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.
