Toronto Dominion Bank (NYSE:TD) Posts Earnings Results, Beats Estimates By $0.11 EPS

Toronto Dominion Bank (NYSE:TD) (TSE:TD) issued its quarterly earnings results on Thursday. The bank reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.11, Zacks reports. Toronto Dominion Bank had a return on equity of 14.29% and a net margin of 17.52%.

Toronto Dominion Bank Price Performance

NYSE:TD opened at $112.05 on Thursday. Toronto Dominion Bank has a one year low of $68.03 and a one year high of $113.51. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market cap of $185.57 billion, a price-to-earnings ratio of 12.38, a PEG ratio of 1.26 and a beta of 0.71. The firm’s fifty day moving average is $102.50 and its two-hundred day moving average is $95.70.

Analyst Ratings Changes

TD has been the topic of a number of recent analyst reports. Zacks Research downgraded Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings raised Toronto Dominion Bank from a “buy (b)” rating to a “buy (a-)” rating in a research report on Friday, March 27th. Scotiabank raised Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, May 4th. Raymond James Financial raised Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 12th. Finally, Wall Street Zen lowered shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Institutional Investors Weigh In On Toronto Dominion Bank

Several hedge funds have recently added to or reduced their stakes in TD. The Manufacturers Life Insurance Company boosted its holdings in Toronto Dominion Bank by 10.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 17,014,836 shares of the bank’s stock valued at $1,606,978,000 after purchasing an additional 1,629,062 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Toronto Dominion Bank by 1,443.3% in the fourth quarter. AQR Capital Management LLC now owns 1,449,855 shares of the bank’s stock valued at $136,642,000 after purchasing an additional 1,355,907 shares during the last quarter. Bank of Nova Scotia boosted its holdings in Toronto Dominion Bank by 6.8% in the fourth quarter. Bank of Nova Scotia now owns 19,486,741 shares of the bank’s stock valued at $1,836,518,000 after purchasing an additional 1,234,510 shares during the last quarter. Caisse de depot et placement du Quebec boosted its holdings in Toronto Dominion Bank by 70.1% in the third quarter. Caisse de depot et placement du Quebec now owns 2,360,000 shares of the bank’s stock valued at $188,746,000 after purchasing an additional 972,513 shares during the last quarter. Finally, Amundi boosted its holdings in Toronto Dominion Bank by 27.3% in the fourth quarter. Amundi now owns 3,448,492 shares of the bank’s stock valued at $324,894,000 after purchasing an additional 739,679 shares during the last quarter. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto Dominion Bank Company Profile

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.