Desjardins Analysts Lift Earnings Estimates for TD

The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD - Stock analysts at Desjardins boosted their Q1 2025 earnings per share estimates for shares of Toronto-Dominion Bank in a report issued on Tuesday, February 4th. Desjardins analyst D. Young now anticipates that the bank will post earnings of $1.34 per share for the quarter, up from their previous estimate of $1.32. Desjardins currently has a "Hold" rating on the stock. The consensus estimate for Toronto-Dominion Bank's current full-year earnings is $5.54 per share. Desjardins also issued estimates for Toronto-Dominion Bank's FY2025 earnings at $5.42 EPS.

A number of other equities research analysts have also issued reports on the stock. Royal Bank of Canada cut their target price on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a "sector perform" rating on the stock in a research note on Friday, December 6th. Barclays downgraded Toronto-Dominion Bank from an "equal weight" rating to an "underweight" rating in a research report on Thursday, November 21st. Bank of America raised shares of Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a report on Friday, January 17th. Scotiabank lowered shares of Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a report on Friday, December 6th. Finally, StockNews.com upgraded shares of Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $80.50.

Toronto-Dominion Bank Price Performance

Shares of Toronto-Dominion Bank stock traded down $0.14 during trading on Thursday, hitting $57.79. 539,339 shares of the company were exchanged, compared to its average volume of 2,842,726. Toronto-Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $64.91. The firm has a 50 day moving average price of $54.80 and a 200 day moving average price of $57.38. The stock has a market capitalization of $101.15 billion, a price-to-earnings ratio of 16.66, a P/E/G ratio of 1.82 and a beta of 0.84. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Dunhill Financial LLC grew its holdings in shares of Toronto-Dominion Bank by 164.9% during the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank's stock worth $25,000 after purchasing an additional 249 shares during the period. Bank of Jackson Hole Trust bought a new stake in Toronto-Dominion Bank during the fourth quarter valued at $32,000. Versant Capital Management Inc boosted its stake in Toronto-Dominion Bank by 40.0% in the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank's stock valued at $37,000 after acquiring an additional 200 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Toronto-Dominion Bank in the fourth quarter worth $51,000. Finally, Union Bancaire Privee UBP SA acquired a new position in Toronto-Dominion Bank during the 4th quarter valued at about $58,000. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were issued a dividend of $0.7482 per share. This represents a $2.99 annualized dividend and a yield of 5.18%. The ex-dividend date was Friday, January 10th. This is a boost from Toronto-Dominion Bank's previous quarterly dividend of $0.74. Toronto-Dominion Bank's payout ratio is 84.15%.

About Toronto-Dominion Bank

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.