The Toronto-Dominion Bank (NYSE:TD) gapped up before the market opened 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.

TD has been the topic of several recent research reports. Zacks Investment Research downgraded shares of The Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Saturday, March 26th. Canaccord Genuity reaffirmed a “hold” rating on shares of The Toronto-Dominion Bank in a research note on Sunday, April 17th. Vetr downgraded shares of The Toronto-Dominion Bank from a “hold” rating to a “sell” rating and set a $42.72 target price on the stock. in a research note on Tuesday, April 19th. Credit Suisse Group AG raised shares of The Toronto-Dominion Bank from a “neutral” rating to an “outperform” rating in a research report on Tuesday, May 3rd. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $61.00 price objective on shares of The Toronto-Dominion Bank in a research report on Friday, May 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $53.41.

The firm has a 50 day moving average price of $43.50 and a 200 day moving average price of $41.22. The firm has a market capitalization of $81.20 billion and a PE ratio of 13.10.

The Toronto-Dominion Bank (NYSE:TD) last announced its quarterly earnings results on Thursday, May 26th. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. During the same quarter last year, the business posted $1.14 earnings per share. The business had revenue of $8.26 billion for the quarter. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, equities analysts forecast that The Toronto-Dominion Bank will post $4.80 earnings per share for the current year.

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

Other hedge funds and institutional investors have made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of The Toronto-Dominion Bank by 8.0% in the fourth quarter. Vanguard Group Inc. now owns 26,304,528 shares of the company’s stock worth $1,030,349,000 after buying an additional 1,954,962 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of The Toronto-Dominion Bank by 1.7% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,241,137 shares of the company’s stock worth $207,585,000 after buying an additional 86,241 shares during the period. Gulf International Bank UK Ltd boosted its position 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 worth $21,750,000 after buying an additional 14,000 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of The Toronto-Dominion Bank by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 295,528 shares of the company’s stock worth $11,576,000 after buying an additional 4,472 shares during the period. Finally, Advisors Asset Management Inc. boosted its position 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 worth $7,886,000 after buying an additional 36,607 shares during the period.

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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