The stock of Toronto Dominion Bank (NYSE:TD) last traded at $57.40, down -1.44% from the previous session.
Data from the available sources indicates that Toronto Dominion Bank (NYSE:TD) is covered by 4 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $66.00 and a low of $52.61, we find $66.00. Given the previous closing price of $58.24, this indicates a potential upside of 13.32 percent. TD stock price is now -5.15% away from the 50-day moving average and -7.59% away from the 200-day moving average. The market capitalization of the company currently stands at $104.98B.
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In total, 2 analysts have assigned it a hold rating, and 1 have given it a buy rating. Brokers who have rated the stock have averaged $61.54 as their price target over the next twelve months.
A total of 0.16% 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 Toronto Dominion Bank shares was purchased by HUDSON BAY CAPITAL MANAGEMENT LP during the first quarter worth $229,600,000. STATE OF TENNESSEE, TREASURY DEPARTMENT invested $60,233,000 in shares of TD during the first quarter. In the first quarter, GENUS CAPITAL MANAGEMENT INC. acquired a new stake in Toronto Dominion Bank valued at approximately $22,502,000. RENAISSANCE TECHNOLOGIES LLC acquired a new stake in TD for approximately $17,563,000. MODERA WEALTH MANAGEMENT, LLC purchased a new stake in TD valued at around $14,717,000 in the second quarter. In total, there are 1,119 active investors with 56.24% ownership of the company’s stock.
With an opening price of $58.01 on Friday morning, Toronto Dominion Bank (NYSE: TD) set off the trading day. During the past 12 months, 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 $60.39 and a two-hundred day moving average price translates $62.07 for the stock.
The latest earnings results from Toronto Dominion Bank (NYSE: TD) was released for Jul, 2023. According to the Banks – Diversified Company, earnings per share came in at $1.45, missing analysts’ expectations of $1.48 by -0.03. This compares to $1.36 EPS in the same period last year. The net profit margin was 14.56% and return on equity was 13.14% for TD. The company reported revenue of $15.69 billion for the quarter, compared to $8.38 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 87.2 percent. For the current quarter, analysts expect TD to generate $9.05B 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 $2.83 dividend and a 4.94% 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 37.54%.
