The Toronto-Dominion Bank (NYSE:TD) Short Interest Down 76.8% in January

The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) saw a large decline in short interest in January. As of January 31st, there was short interest totalling 10,140,000 shares, a decline of 76.8% from the January 15th total of 43,790,000 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,380,000 shares, the days-to-cover ratio is currently 4.3 days.

Institutional Investors Weigh In On Toronto-Dominion Bank

Large investors have recently modified their holdings of the business. World Investment Advisors raised its stake in Toronto-Dominion Bank by 7.9% in the 4th quarter. World Investment Advisors now owns 4,526 shares of the bank’s stock worth $241,000 after acquiring an additional 331 shares during the last quarter. Te Ahumairangi Investment Management Ltd raised its stake in shares of Toronto-Dominion Bank by 21.2% in the fourth quarter. Te Ahumairangi Investment Management Ltd now owns 63,581 shares of the bank’s stock worth $3,383,000 after purchasing an additional 11,100 shares during the last quarter. Geode Capital Management LLC raised its position in Toronto-Dominion Bank by 32.2% during the 4th quarter. Geode Capital Management LLC now owns 10,526,821 shares of the bank’s stock worth $569,878,000 after buying an additional 2,564,648 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in Toronto-Dominion Bank by 300.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 12,238 shares of the bank’s stock valued at $663,000 after acquiring an additional 9,183 shares during the period. Finally, Beutel Goodman & Co Ltd. boosted its holdings in Toronto-Dominion Bank by 3.8% in the fourth quarter. Beutel Goodman & Co Ltd. now owns 16,803,807 shares of the bank’s stock valued at $894,169,000 after purchasing an additional 622,736 shares during the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Down 1.2 %

Toronto-Dominion Bank stock traded down $0.73 during trading hours on Wednesday, reaching $59.95. The stock had a trading volume of 1,536,382 shares, compared to its average volume of 2,840,596. The business’s 50 day moving average price is $54.99 and its 200-day moving average price is $57.41. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03. Toronto-Dominion Bank has a 52 week low of $51.25 and a 52 week high of $64.91. The company has a market cap of $104.94 billion, a price-to-earnings ratio of 17.28, a PEG ratio of 1.86 and a beta of 0.84.

Toronto-Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 10th were given a dividend of $0.7482 per share. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. This represents a $2.99 annualized dividend and a yield of 4.99%. The ex-dividend date of this dividend was Friday, January 10th. Toronto-Dominion Bank’s dividend payout ratio is currently 83.86%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. StockNews.com upgraded Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Desjardins cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Barclays lowered shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. Scotiabank downgraded shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research note on Friday, December 6th. Finally, BMO Capital Markets raised shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $80.50.

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.