The Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD was the target of a significant increase in short interest in December. As of December 31st, there was short interest totalling 22,560,000 shares, an increase of 77.8% from the December 15th total of 12,690,000 shares. Approximately 1.3% of the company's shares are sold short. Based on an average trading volume of 2,870,000 shares, the short-interest ratio is presently 7.9 days.
Hedge Funds Weigh In On Toronto-Dominion Bank
A number of hedge funds have recently bought and sold shares of the business. CWM LLC grew its stake in shares of Toronto-Dominion Bank by 2.4% during the 3rd quarter. CWM LLC now owns 7,208 shares of the bank's stock valued at $456,000 after purchasing an additional 170 shares during the period. Pathstone Holdings LLC grew its stake in shares of Toronto-Dominion Bank by 0.8% during the 3rd quarter. Pathstone Holdings LLC now owns 22,309 shares of the bank's stock valued at $1,411,000 after purchasing an additional 184 shares during the period. Passumpsic Savings Bank grew its stake in shares of 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 purchasing an additional 194 shares during the period. Versant Capital Management Inc grew its stake in shares of Toronto-Dominion Bank by 40.0% during the 4th quarter. Versant Capital Management Inc now owns 700 shares of the bank's stock valued at $37,000 after purchasing an additional 200 shares during the period. Finally, Hexagon Capital Partners LLC grew its stake in shares of Toronto-Dominion Bank by 18.5% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,337 shares of the bank's stock valued at $85,000 after purchasing an additional 209 shares during the period. Hedge funds and other institutional investors own 52.37% of the company's stock.
Wall Street Analyst Weigh In
TD has been the topic of several recent analyst reports. StockNews.com cut shares of Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a report on Friday, December 27th. Desjardins lowered Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Friday, December 6th. Royal Bank of Canada lowered their price target on Toronto-Dominion Bank from $82.00 to $77.00 and set a "sector perform" rating for the company in a research report on Friday, December 6th. Scotiabank lowered Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a research report on Friday, December 6th. Finally, Jefferies Financial Group raised Toronto-Dominion Bank from a "hold" rating to a "buy" rating in a research report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Toronto-Dominion Bank currently has a consensus rating of "Hold" and an average price target of $80.50.
Check Out Our Latest Stock Analysis on Toronto-Dominion Bank
Toronto-Dominion Bank Stock Performance
NYSE:TD traded up $0.71 during mid-day trading on Wednesday, reaching $55.41. The company's stock had a trading volume of 2,086,154 shares, compared to its average volume of 3,432,284. Toronto-Dominion Bank has a 12-month low of $51.25 and a 12-month high of $64.91. The firm's fifty day moving average price is $54.52 and its two-hundred day moving average price is $57.32. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.11. The stock has a market cap of $96.98 billion, a P/E ratio of 15.97, a PEG ratio of 1.69 and a beta of 0.83.
Toronto-Dominion Bank Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 10th will be given a $0.7482 dividend. This is a positive change from Toronto-Dominion Bank's previous quarterly dividend of $0.74. The ex-dividend date is Friday, January 10th. This represents a $2.99 dividend on an annualized basis and a yield of 5.40%. Toronto-Dominion Bank's payout ratio is 83.86%.
About Toronto-Dominion Bank
(
Get Free Report)
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.
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