TD FY2025 EPS Estimate Reduced by National Bank Financial

The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD - Analysts at National Bank Financial cut their FY2025 EPS estimates for shares of Toronto-Dominion Bank in a research report issued on Sunday, April 6th. National Bank Financial analyst G. Dechaine now expects that the bank will post earnings of $5.36 per share for the year, down from their prior forecast of $5.43. The consensus estimate for Toronto-Dominion Bank's current full-year earnings is $5.48 per share. National Bank Financial also issued estimates for Toronto-Dominion Bank's FY2026 earnings at $5.57 EPS.

TD has been the topic of a number of other research reports. StockNews.com lowered Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a report on Monday, February 24th. Jefferies Financial Group cut shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Tuesday, February 18th. BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a research note on Thursday, December 19th. Finally, Bank of America upgraded shares of Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Toronto-Dominion Bank currently has an average rating of "Hold" and a consensus target price of $80.50.

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Toronto-Dominion Bank Stock Performance

TD stock traded up $1.79 during trading on Wednesday, hitting $58.43. The company had a trading volume of 2,367,489 shares, compared to its average volume of 2,530,112. The firm has a 50-day moving average price of $59.10 and a 200-day moving average price of $57.23. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11. The firm has a market cap of $102.39 billion, a PE ratio of 16.84, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. Toronto-Dominion Bank has a 1-year low of $51.25 and a 1-year high of $64.91.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Frank Rimerman Advisors LLC raised its stake in shares of Toronto-Dominion Bank by 3.2% during the 4th quarter. Frank Rimerman Advisors LLC now owns 5,446 shares of the bank's stock worth $290,000 after buying an additional 171 shares during the last quarter. Passumpsic Savings Bank increased its holdings in Toronto-Dominion Bank by 2.6% during the 3rd quarter. Passumpsic Savings Bank now owns 7,530 shares of the bank's stock valued at $476,000 after acquiring an additional 194 shares in the last quarter. Versant Capital Management Inc raised its position in Toronto-Dominion Bank by 40.0% during the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank's stock worth $37,000 after acquiring an additional 200 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Toronto-Dominion Bank by 14.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,619 shares of the bank's stock valued at $97,000 after purchasing an additional 202 shares in the last quarter. Finally, Cardinal Capital Management grew its position in shares of Toronto-Dominion Bank by 0.5% in the fourth quarter. Cardinal Capital Management now owns 44,685 shares of the bank's stock valued at $2,379,000 after purchasing an additional 205 shares during the last quarter. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto-Dominion Bank Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be paid a $0.7278 dividend. This represents a $2.91 annualized dividend and a dividend yield of 4.98%. The ex-dividend date of this dividend is Thursday, April 10th. Toronto-Dominion Bank's dividend payout ratio (DPR) is 85.29%.

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.