Shares of The Toronto-Dominion Bank (NYSE:TD) dropped 1.7% during trading on Wednesday . The stock traded as low as $41.73 and last traded at $42.32, with a volume of 1,008,825 shares traded. The stock had previously closed at $43.03.

TD has been the subject of several recent analyst reports. Zacks Investment Research cut shares of The Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Saturday, April 2nd. Vetr cut shares of The Toronto-Dominion Bank from a “hold” rating to a “sell” rating and set a $42.72 price objective for the company. in a research note on Tuesday, April 19th. Citigroup Inc. reissued a “buy” rating and set a $65.00 price objective (up from $60.00) on shares of The Toronto-Dominion Bank in a research note on Friday, June 3rd. Canaccord Genuity reissued a “buy” rating on shares of The Toronto-Dominion Bank in a research note on Thursday, May 26th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $61.00 price objective on shares of The Toronto-Dominion Bank in a research note on Friday, May 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $53.41.

The stock has a market cap of $78.38 billion and a PE ratio of 12.49. The company has a 50-day moving average price of $43.63 and a 200 day moving average price of $41.05.

The Toronto-Dominion Bank (NYSE:TD) last posted its quarterly earnings data on Thursday, May 26th. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.03. The company earned $8.26 billion during the quarter. The company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.14 EPS. Equities research analysts expect that The Toronto-Dominion Bank will post $4.80 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, July 31st. Shareholders of record on Friday, July 8th will be given a $0.4194 dividend. This represents a $1.68 annualized dividend and a yield of 3.97%. The ex-dividend date is Wednesday, July 6th. This is an increase from The Toronto-Dominion Bank’s previous quarterly dividend of $0.40.

Other large investors have modified their holdings of the company. Azimuth Capital Management LLC boosted its stake in shares of The Toronto-Dominion Bank by 2.6% in the fourth quarter. Azimuth Capital Management LLC now owns 33,832 shares of the company’s stock valued at $1,325,000 after buying an additional 873 shares in the last quarter. Heathbridge Capital Management Ltd. boosted its stake in shares of The Toronto-Dominion Bank by 0.6% in the fourth quarter. Heathbridge Capital Management Ltd. now owns 523,270 shares of the company’s stock valued at $21,931,000 after buying an additional 3,100 shares in the last quarter. US Bancorp DE boosted its stake in shares of The Toronto-Dominion Bank by 14.2% in the fourth quarter. US Bancorp DE now owns 27,109 shares of the company’s stock valued at $1,062,000 after buying an additional 3,362 shares in the last quarter. Manitou Investment Management Ltd. boosted its stake in shares of The Toronto-Dominion Bank by 9.0% in the fourth quarter. Manitou Investment Management Ltd. now owns 47,251 shares of the company’s stock valued at $1,852,000 after buying an additional 3,901 shares in the last quarter. Finally, CAM Group Holding A S boosted its stake in shares of The Toronto-Dominion Bank by 14.9% in the fourth quarter. CAM Group Holding A S now owns 32,420 shares of the company’s stock valued at $1,759,000 after buying an additional 4,200 shares in the last quarter.

The Toronto-Dominion Bank (the Bank) operates as a bank in North America. The Bank conducts its business through segments, such as Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. Canadian Retail provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses, including credit cards, auto finance, wealth and insurance businesses.

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