Toronto-Dominion Bank (NYSE:TD) (TSE:TD) was the target of a large increase in short interest in July. As of July 15th, there was short interest totalling 12,640,000 shares, an increase of 62.1% from the June 30th total of 7,800,000 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 2,140,000 shares, the days-to-cover ratio is presently 5.9 days.

A number of large investors have recently made changes to their positions in TD. RMR Wealth Builders bought a new position in Toronto-Dominion Bank in the fourth quarter valued at about $25,000. Total Clarity Wealth Management Inc. acquired a new position in Toronto-Dominion Bank in the fourth quarter valued at about $40,000. Watson Rebecca acquired a new position in Toronto-Dominion Bank in the second quarter valued at about $30,000. Citizens Financial Group Inc RI acquired a new position in Toronto-Dominion Bank in the first quarter valued at about $31,000. Finally, Carroll Financial Associates Inc. lifted its stake in Toronto-Dominion Bank by 471.3% in the first quarter. Carroll Financial Associates Inc. now owns 777 shares of the bank’s stock valued at $32,000 after buying an additional 641 shares during the period. Hedge funds and other institutional investors own 47.89% of the company’s stock.

Shares of TD stock traded down $0.24 during trading hours on Friday, reaching $44.28. 1,514,004 shares of the company’s stock were exchanged, compared to its average volume of 1,456,760. Toronto-Dominion Bank has a fifty-two week low of $33.74 and a fifty-two week high of $58.81. The stock has a market capitalization of $80.24 billion, a P/E ratio of 10.35, a P/E/G ratio of 1.81 and a beta of 0.86. The business has a fifty day moving average price of $44.95 and a 200-day moving average price of $46.29. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.16.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings results on Thursday, May 28th. The bank reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.25. The company had revenue of $10.53 billion during the quarter, compared to analyst estimates of $9.82 billion. Toronto-Dominion Bank had a return on equity of 13.24% and a net margin of 18.30%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.75 earnings per share. As a group, research analysts expect that Toronto-Dominion Bank will post 3.52 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 10th were given a $0.567 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 5.12%. The ex-dividend date of this dividend was Thursday, July 9th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 46.32%.

Several equities research analysts recently commented on TD shares. ValuEngine raised Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research note on Monday, June 1st. Scotiabank boosted their price target on Toronto-Dominion Bank from $65.00 to $66.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Barclays lowered their price target on Toronto-Dominion Bank from $62.00 to $60.00 and set an “overweight” rating for the company in a research note on Monday, May 11th. Wolfe Research cut Toronto-Dominion Bank from an “outperform” rating to an “underperform” rating in a research note on Monday, June 8th. Finally, CIBC initiated coverage on Toronto-Dominion Bank in a report on Friday, July 24th. They issued a “neutral” rating for the company. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $71.62.

Toronto-Dominion Bank Company Profile

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