The Toronto-Dominion Bank (NYSE:TD) Short Interest Down 76.8% in January

The Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD saw a significant decline in short interest in January. As of January 31st, there was short interest totalling 10,140,000 shares, a decline of 76.8% from the January 15th total of 43,790,000 shares. Currently, 0.6% of the company's stock are short sold. Based on an average daily volume of 2,380,000 shares, the short-interest ratio is presently 4.3 days.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on TD shares. Desjardins lowered Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Friday, December 6th. Barclays lowered Toronto-Dominion Bank from an "equal weight" rating to an "underweight" rating in a report on Thursday, November 21st. StockNews.com upgraded Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a report on Wednesday, February 5th. BMO Capital Markets upgraded Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a report on Thursday, December 19th. Finally, Scotiabank lowered Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a report on Friday, December 6th. One research 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 has a consensus rating of "Hold" and an average price target of $80.50.

Toronto-Dominion Bank Stock Performance

NYSE TD traded down $0.17 during trading on Friday, reaching $59.76. 1,148,804 shares of the company's stock were exchanged, compared to its average volume of 2,494,237. The business has a 50 day moving average price of $55.36 and a 200-day moving average price of $57.45. The stock has a market capitalization of $104.62 billion, a P/E ratio of 17.22, a PEG ratio of 1.86 and a beta of 0.84. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03. Toronto-Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $64.91.

Toronto-Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were given a dividend of $0.7482 per share. This represents a $2.99 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date was Friday, January 10th. This is an increase from Toronto-Dominion Bank's previous quarterly dividend of $0.74. Toronto-Dominion Bank's payout ratio is 84.15%.

Hedge Funds Weigh In On Toronto-Dominion Bank

Institutional investors and hedge funds have recently made changes to their positions in the company. Cerity Partners LLC grew its position in shares of Toronto-Dominion Bank by 57.1% in the third quarter. Cerity Partners LLC now owns 26,755 shares of the bank's stock valued at $1,693,000 after purchasing an additional 9,725 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Toronto-Dominion Bank by 1.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,761,308 shares of the bank's stock valued at $617,166,000 after purchasing an additional 144,427 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in Toronto-Dominion Bank by 61.1% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,011,579 shares of the bank's stock worth $380,118,000 after buying an additional 2,279,864 shares in the last quarter. Galibier Capital Management Ltd. increased its stake in Toronto-Dominion Bank by 24.6% during the 3rd quarter. Galibier Capital Management Ltd. now owns 608,613 shares of the bank's stock worth $38,527,000 after acquiring an additional 119,978 shares during the period. Finally, Forsta AP Fonden increased its stake in Toronto-Dominion Bank by 3.2% during the 3rd quarter. Forsta AP Fonden now owns 466,500 shares of the bank's stock worth $29,531,000 after acquiring an additional 14,500 shares during the period. Institutional investors and hedge funds own 52.37% of the company's stock.

Toronto-Dominion Bank Company Profile

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.