Toronto-Dominion Bank (TD) Reaches New 1-Year Low at $54.29

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) hit a new 52-week low on Monday . The stock traded as low as $54.29 and last traded at $54.46, with a volume of 105725 shares. The stock had previously closed at $55.18.

Several equities research analysts have weighed in on the company. Barclays restated a “hold” rating on shares of Toronto-Dominion Bank in a report on Friday. Zacks Investment Research upgraded Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a report on Friday. ValuEngine downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 7th. Finally, TheStreet raised Toronto-Dominion Bank from a “c+” rating to a “b” rating in a research report on Tuesday, September 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $79.00.

The stock has a market capitalization of $101.20 billion, a PE ratio of 12.83, a PEG ratio of 0.97 and a beta of 1.01. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.10.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings data on Thursday, August 30th. The bank reported $1.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.43. The business had revenue of $7.58 billion during the quarter, compared to analysts’ expectations of $7.23 billion. Toronto-Dominion Bank had a return on equity of 16.63% and a net margin of 21.82%. During the same period in the prior year, the firm posted $1.51 EPS. Research analysts predict that Toronto-Dominion Bank will post 4.94 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 31st. Stockholders of record on Wednesday, October 10th were given a dividend of $0.5144 per share. The ex-dividend date was Tuesday, October 9th. This represents a $2.06 annualized dividend and a dividend yield of 3.78%. Toronto-Dominion Bank’s dividend payout ratio is currently 49.06%.

Large investors have recently added to or reduced their stakes in the company. FIL Ltd boosted its position in shares of Toronto-Dominion Bank by 8.6% in the 3rd quarter. FIL Ltd now owns 36,739,701 shares of the bank’s stock valued at $2,232,570,000 after purchasing an additional 2,900,086 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Toronto-Dominion Bank by 3.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 19,226,465 shares of the bank’s stock valued at $1,167,480,000 after purchasing an additional 576,340 shares during the period. Great West Life Assurance Co. Can boosted its position in shares of Toronto-Dominion Bank by 0.7% in the 2nd quarter. Great West Life Assurance Co. Can now owns 17,918,703 shares of the bank’s stock valued at $1,040,423,000 after purchasing an additional 119,426 shares during the period. CIBC Asset Management Inc boosted its position in shares of Toronto-Dominion Bank by 0.7% in the 3rd quarter. CIBC Asset Management Inc now owns 17,745,849 shares of the bank’s stock valued at $1,077,525,000 after purchasing an additional 118,913 shares during the period. Finally, Toronto Dominion Bank boosted its position in shares of Toronto-Dominion Bank by 29.9% in the 2nd quarter. Toronto Dominion Bank now owns 14,732,953 shares of the bank’s stock valued at $852,369,000 after purchasing an additional 3,391,735 shares during the period. 47.43% of the stock is owned by institutional investors and hedge funds.

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Toronto-Dominion Bank Company Profile (NYSE:TD)

The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to small, medium, and large 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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