Toronto Dominion Bank (The) (NYSE:TD) Short Interest Update

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) was the recipient of a large decrease in short interest in April. As of April 30th, there was short interest totaling 9,747,325 shares, a decrease of 47.5% from the April 15th total of 18,548,724 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 2,186,548 shares, the short-interest ratio is presently 4.5 days.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Weiss Ratings raised Toronto Dominion Bank from a “buy (b)” rating to a “buy (a-)” rating in a research note on Friday, March 27th. Scotiabank raised Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, May 4th. Canadian Imperial Bank of Commerce downgraded Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. Zacks Research downgraded Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Wall Street Zen raised Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $93.00.

Toronto Dominion Bank Stock Performance

Shares of TD traded up $0.76 on Monday, reaching $108.40. 506,512 shares of the company’s stock traded hands, compared to its average volume of 2,417,938. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.09. The stock has a market cap of $179.52 billion, a PE ratio of 11.98, a PEG ratio of 1.22 and a beta of 0.71. The stock’s 50 day simple moving average is $100.04 and its two-hundred day simple moving average is $94.06. Toronto Dominion Bank has a 52-week low of $64.12 and a 52-week high of $109.22.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings results on Thursday, February 26th. The bank reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The company had revenue of $11.01 billion during the quarter, compared to the consensus estimate of $10.43 billion. Toronto Dominion Bank had a return on equity of 14.29% and a net margin of 17.52%.Toronto Dominion Bank’s revenue was up 18.1% on a year-over-year basis. During the same period last year, the business posted $2.02 earnings per share. On average, analysts forecast that Toronto Dominion Bank will post 6.91 earnings per share for the current fiscal year.

Toronto Dominion Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Thursday, April 9th were issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Thursday, April 9th. Toronto Dominion Bank’s dividend payout ratio is 34.25%.

Hedge Funds Weigh In On Toronto Dominion Bank

Institutional investors and hedge funds have recently bought and sold shares of the company. Bayban bought a new position in Toronto Dominion Bank during the fourth quarter valued at $28,000. Harvest Fund Management Co. Ltd grew its holdings in Toronto Dominion Bank by 112.8% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 317 shares of the bank’s stock valued at $30,000 after purchasing an additional 168 shares during the period. CBIZ Investment Advisory Services LLC bought a new position in shares of Toronto Dominion Bank in the fourth quarter worth $34,000. Brown Lisle Cummings Inc. boosted its holdings in shares of Toronto Dominion Bank by 88.4% in the first quarter. Brown Lisle Cummings Inc. now owns 407 shares of the bank’s stock worth $38,000 after acquiring an additional 191 shares during the period. Finally, Cornerstone Planning Group LLC boosted its holdings in shares of Toronto Dominion Bank by 177.9% in the fourth quarter. Cornerstone Planning Group LLC now owns 428 shares of the bank’s stock worth $40,000 after acquiring an additional 274 shares during the period. 52.37% of the stock is owned by institutional investors.

About Toronto Dominion Bank

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.