Shares of The Toronto-Dominion Bank (NYSE:TD) gapped up prior to trading on Thursday . The stock had previously closed at $43.30, but opened at $43.47. The Toronto-Dominion Bank shares last traded at $43.89, with a volume of 867,783 shares trading hands.

TD has been the subject of several research reports. Canaccord Genuity reaffirmed a “hold” rating on shares of The Toronto-Dominion Bank in a report on Sunday, April 17th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $61.00 price objective on shares of The Toronto-Dominion Bank in a report on Friday, May 27th. Zacks Investment Research cut The Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday, April 2nd. Credit Suisse Group AG raised The Toronto-Dominion Bank from a “neutral” rating to an “outperform” rating in a report on Tuesday, May 3rd. Finally, Vetr raised The Toronto-Dominion Bank from a “sell” rating to a “hold” rating and set a $42.72 price objective for the company in a report on Monday, April 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $53.41.

The company’s 50 day moving average price is $43.52 and its 200 day moving average price is $41.19. The firm has a market capitalization of $81.11 billion and a price-to-earnings ratio of 12.96.

The Toronto-Dominion Bank (NYSE:TD) last posted its earnings results on Thursday, May 26th. The company reported $1.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.17 by $0.03. The business had revenue of $8.26 billion for the quarter. The Toronto-Dominion Bank’s revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.14 earnings per share. On average, analysts expect that The Toronto-Dominion Bank will post $4.80 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, July 31st. Stockholders of record on Friday, July 8th will be given a $0.4194 dividend. This is a boost from The Toronto-Dominion Bank’s previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend is Wednesday, July 6th.

Several large investors have modified their holdings of the stock. US Bancorp DE increased 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. Advisors Asset Management Inc. increased its stake in shares of The Toronto-Dominion Bank by 22.2% in the fourth quarter. Advisors Asset Management Inc. now owns 201,339 shares of the company’s stock valued at $7,886,000 after buying an additional 36,607 shares in the last quarter. Manitou Investment Management Ltd. increased 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. Gulf International Bank UK Ltd increased its stake in shares of The Toronto-Dominion Bank by 2.6% in the fourth quarter. Gulf International Bank UK Ltd now owns 554,490 shares of the company’s stock valued at $21,750,000 after buying an additional 14,000 shares in the last quarter. Finally, Azimuth Capital Management LLC increased 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.

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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