Stock Traders Purchase Large Volume of Toronto Dominion Bank Call Options (NYSE:TD)

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) saw some unusual options trading on Thursday. Investors purchased 363,497 call options on the company. This is an increase of 18,618% compared to the typical volume of 1,942 call options.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TD shares. Royal Bank Of Canada raised shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Friday, October 3rd. Jefferies Financial Group cut Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, October 8th. Natl Bk Canada upgraded Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 17th. Finally, National Bank Financial raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $93.00.

Toronto Dominion Bank Price Performance

NYSE:TD traded up $0.69 during trading hours on Thursday, hitting $94.62. 2,872,235 shares of the stock were exchanged, compared to its average volume of 3,842,214. The firm’s fifty day moving average price is $87.35 and its 200 day moving average price is $80.02. Toronto Dominion Bank has a 52-week low of $53.03 and a 52-week high of $96.44. The company has a market cap of $159.86 billion, a P/E ratio of 11.22, a P/E/G ratio of 1.32 and a beta of 0.67. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings results on Thursday, December 4th. The bank reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.10. Toronto Dominion Bank had a return on equity of 13.90% and a net margin of 16.52%.The firm had revenue of $11.44 billion for the quarter, compared to analyst estimates of $10.10 billion. During the same period in the previous year, the company posted $1.72 earnings per share. The business’s revenue was down .1% on a year-over-year basis. As a group, equities research analysts anticipate that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, January 31st. Investors of record on Friday, January 9th will be given a dividend of $1.08 per share. The ex-dividend date is Friday, January 9th. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.05. This represents a $4.32 dividend on an annualized basis and a yield of 4.6%. Toronto Dominion Bank’s dividend payout ratio (DPR) is presently 35.82%.

Institutional Investors Weigh In On Toronto Dominion Bank

Large investors have recently made changes to their positions in the stock. Rosenberg Matthew Hamilton lifted its holdings in shares of Toronto Dominion Bank by 8.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 1,489 shares of the bank’s stock worth $140,000 after acquiring an additional 118 shares during the last quarter. Commons Capital LLC lifted its stake in Toronto Dominion Bank by 0.7% during the third quarter. Commons Capital LLC now owns 18,251 shares of the bank’s stock worth $1,459,000 after purchasing an additional 134 shares in the last quarter. CIBC Private Wealth Group LLC lifted its stake in Toronto Dominion Bank by 4.8% during the third quarter. CIBC Private Wealth Group LLC now owns 2,912 shares of the bank’s stock worth $233,000 after purchasing an additional 134 shares in the last quarter. Essex Financial Services Inc. grew its stake in shares of Toronto Dominion Bank by 1.8% in the third quarter. Essex Financial Services Inc. now owns 7,834 shares of the bank’s stock valued at $626,000 after buying an additional 139 shares in the last quarter. Finally, HBK Sorce Advisory LLC raised its holdings in shares of Toronto Dominion Bank by 5.0% in the 3rd quarter. HBK Sorce Advisory LLC now owns 2,953 shares of the bank’s stock valued at $238,000 after buying an additional 141 shares during the period. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Toronto Dominion Bank Company Profile

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.