Toronto Dominion Bank (NYSE:TD) Announces Quarterly Earnings Results

Toronto Dominion Bank (NYSE:TD) (TSE:TD) posted its earnings results on Thursday. The bank reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.10, Zacks reports. Toronto Dominion Bank had a net margin of 16.40% and a return on equity of 13.59%. The firm had revenue of $11.44 billion during the quarter, compared to analysts’ expectations of $10.10 billion. During the same quarter in the prior year, the business earned $1.72 earnings per share. The business’s revenue for the quarter was down .1% compared to the same quarter last year.

Toronto Dominion Bank Trading Up 1.7%

Shares of TD traded up $1.40 during mid-day trading on Thursday, reaching $85.77. 1,110,327 shares of the company were exchanged, compared to its average volume of 2,037,554. The business has a 50 day simple moving average of $81.19 and a two-hundred day simple moving average of $75.92. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $144.91 billion, a PE ratio of 10.01, a PEG ratio of 1.38 and a beta of 0.69. Toronto Dominion Bank has a 52 week low of $51.25 and a 52 week high of $85.98.

Analyst Ratings Changes

TD has been the subject of a number of research analyst reports. Jefferies Financial Group cut shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Raymond James Financial upgraded shares of Toronto Dominion Bank to a “hold” rating in a report on Monday, November 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday, October 8th. Wall Street Zen upgraded Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Finally, Desjardins raised Toronto Dominion Bank from a “hold” rating to a “buy” rating in a report on Wednesday, August 13th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Toronto Dominion Bank has a consensus rating of “Moderate Buy” and an average price target of $93.00.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TD. CIBC Private Wealth Group LLC boosted its stake in shares of Toronto Dominion Bank by 4.8% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,912 shares of the bank’s stock valued at $233,000 after purchasing an additional 134 shares during the last quarter. Moors & Cabot Inc. lifted its holdings in Toronto Dominion Bank by 0.7% in the third quarter. Moors & Cabot Inc. now owns 25,137 shares of the bank’s stock valued at $2,010,000 after buying an additional 167 shares during the period. Integrated Wealth Concepts LLC boosted its position in Toronto Dominion Bank by 0.9% during the third quarter. Integrated Wealth Concepts LLC now owns 22,057 shares of the bank’s stock valued at $1,763,000 after acquiring an additional 191 shares during the last quarter. United Capital Financial Advisors LLC grew its holdings in Toronto Dominion Bank by 4.7% during the 3rd quarter. United Capital Financial Advisors LLC now owns 4,416 shares of the bank’s stock worth $353,000 after acquiring an additional 197 shares during the period. Finally, NewEdge Advisors LLC raised its position in shares of Toronto Dominion Bank by 3.1% in the 3rd quarter. NewEdge Advisors LLC now owns 8,286 shares of the bank’s stock worth $663,000 after acquiring an additional 247 shares in the last quarter. Institutional investors 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.