The Toronto-Dominion Bank (NYSE:TD) Sees Large Decrease in Short Interest

The Toronto-Dominion Bank (NYSE:TDGet Free Report) (TSE:TD) was the target of a large decline in short interest during the month of April. As of April 30th, there was short interest totalling 9,390,000 shares, a decline of 48.3% from the April 15th total of 18,160,000 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily volume of 3,070,000 shares, the short-interest ratio is presently 3.1 days.

Toronto-Dominion Bank Trading Up 0.9 %

NYSE:TD traded up $0.49 during trading hours on Friday, reaching $56.62. 3,927,323 shares of the stock were exchanged, compared to its average volume of 3,484,211. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.09. The business has a 50-day moving average of $58.83 and a two-hundred day moving average of $59.94. Toronto-Dominion Bank has a twelve month low of $54.12 and a twelve month high of $66.15. The company has a market capitalization of $99.63 billion, a price-to-earnings ratio of 12.10, a PEG ratio of 1.76 and a beta of 0.84.

Toronto-Dominion Bank (NYSE:TDGet Free Report) (TSE:TD) last released its quarterly earnings results on Thursday, February 29th. The bank reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.05. The company had revenue of $10.07 billion for the quarter, compared to analysts’ expectations of $9.35 billion. Toronto-Dominion Bank had a return on equity of 14.15% and a net margin of 11.16%. On average, equities analysts predict that Toronto-Dominion Bank will post 5.76 EPS for the current year.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th were paid a $0.7519 dividend. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. This represents a $3.01 annualized dividend and a dividend yield of 5.31%. The ex-dividend date was Monday, April 8th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 64.53%.

Analyst Ratings Changes

Several research analysts have recently weighed in on TD shares. Barclays began coverage on Toronto-Dominion Bank in a report on Wednesday, March 20th. They set an “equal weight” rating on the stock. Scotiabank upgraded Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, April 17th. Finally, Jefferies Financial Group started coverage on Toronto-Dominion Bank in a research report on Thursday, February 22nd. They issued a “hold” rating for the company. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $89.33.

Get Our Latest Analysis on Toronto-Dominion Bank

Institutional Trading of Toronto-Dominion Bank

Several hedge funds have recently modified their holdings of TD. Family Legacy Inc. grew its holdings in shares of Toronto-Dominion Bank by 0.7% during the first quarter. Family Legacy Inc. now owns 26,351 shares of the bank’s stock worth $1,591,000 after purchasing an additional 172 shares during the last quarter. Private Trust Co. NA grew its holdings in shares of Toronto-Dominion Bank by 10.6% during the fourth quarter. Private Trust Co. NA now owns 1,808 shares of the bank’s stock worth $117,000 after buying an additional 174 shares during the last quarter. Stratos Wealth Partners LTD. grew its holdings in shares of Toronto-Dominion Bank by 0.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 20,126 shares of the bank’s stock worth $1,301,000 after buying an additional 174 shares during the last quarter. Park Avenue Securities LLC grew its holdings in shares of Toronto-Dominion Bank by 5.3% during the first quarter. Park Avenue Securities LLC now owns 3,641 shares of the bank’s stock worth $220,000 after buying an additional 184 shares during the last quarter. Finally, Consolidated Portfolio Review Corp grew its holdings in shares of Toronto-Dominion Bank by 1.6% during the first quarter. Consolidated Portfolio Review Corp now owns 11,583 shares of the bank’s stock worth $699,000 after buying an additional 186 shares during the last quarter. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto-Dominion Bank Company Profile

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Toronto-Dominion Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toronto-Dominion Bank and related companies with MarketBeat.com's FREE daily email newsletter.