The Toronto-Dominion Bank (NYSE:TD) Short Interest Update

The Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD was the recipient of a significant increase in short interest in March. As of March 15th, there was short interest totalling 17,850,000 shares, an increase of 52.3% from the February 28th total of 11,720,000 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average trading volume of 2,200,000 shares, the days-to-cover ratio is currently 8.1 days.

Toronto-Dominion Bank Trading Up 0.9 %

TD traded up $0.52 during trading on Wednesday, hitting $59.86. The company's stock had a trading volume of 1,024,641 shares, compared to its average volume of 2,554,763. The firm has a market capitalization of $104.90 billion, a P/E ratio of 17.25, a PEG ratio of 1.95 and a beta of 0.83. Toronto-Dominion Bank has a twelve month low of $51.25 and a twelve month high of $64.91. The stock's fifty day moving average price is $59.08 and its 200-day moving average price is $57.58. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11.

Toronto-Dominion Bank Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be issued a $0.7278 dividend. This represents a $2.91 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank's payout ratio is 85.29%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TD shares. 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. Bank of America raised shares of Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a report on Friday, January 17th. StockNews.com downgraded shares of Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research note on Monday, February 24th. Desjardins cut shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Friday, December 6th. Finally, Scotiabank downgraded Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $80.50.

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Institutional Investors Weigh In On Toronto-Dominion Bank

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Toronto-Dominion Bank in the 4th quarter valued at about $992,204,000. FIL Ltd boosted its holdings in Toronto-Dominion Bank by 17.3% in the fourth quarter. FIL Ltd now owns 38,989,749 shares of the bank's stock worth $2,075,819,000 after acquiring an additional 5,756,584 shares in the last quarter. Geode Capital Management LLC grew its stake in Toronto-Dominion Bank by 32.2% in the fourth quarter. Geode Capital Management LLC now owns 10,526,821 shares of the bank's stock valued at $569,878,000 after acquiring an additional 2,564,648 shares during the period. Quadrature Capital Ltd increased its holdings in shares of Toronto-Dominion Bank by 175.5% during the third quarter. Quadrature Capital Ltd now owns 2,467,300 shares of the bank's stock valued at $156,202,000 after acquiring an additional 1,571,700 shares in the last quarter. Finally, Mackenzie Financial Corp raised its position in shares of Toronto-Dominion Bank by 5.6% during the fourth quarter. Mackenzie Financial Corp now owns 27,990,674 shares of the bank's stock worth $1,488,233,000 after purchasing an additional 1,491,472 shares during the period. 52.37% of the stock is owned by institutional investors.

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.