Toronto-Dominion Bank Target of Unusually Large Options Trading (NYSE:TD)

The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) was the target of unusually large options trading activity on Friday. Investors bought 4,037 put options on the company. This is an increase of approximately 113% compared to the typical daily volume of 1,893 put options.

Hedge Funds Weigh In On Toronto-Dominion Bank

Several institutional investors have recently added to or reduced their stakes in the stock. CWM LLC boosted its stake in Toronto-Dominion Bank by 2.4% in the third quarter. CWM LLC now owns 7,208 shares of the bank’s stock valued at $456,000 after acquiring an additional 170 shares during the last quarter. Park Avenue Securities LLC grew its holdings in Toronto-Dominion Bank by 5.3% during the first quarter. Park Avenue Securities LLC now owns 3,641 shares of the bank’s stock valued at $220,000 after purchasing an additional 184 shares during the period. Consolidated Portfolio Review Corp raised its stake in shares of Toronto-Dominion Bank by 1.6% in the first quarter. Consolidated Portfolio Review Corp now owns 11,583 shares of the bank’s stock valued at $699,000 after buying an additional 186 shares during the period. First Affirmative Financial Network grew its stake in Toronto-Dominion Bank by 1.9% in the 2nd quarter. First Affirmative Financial Network now owns 10,120 shares of the bank’s stock valued at $556,000 after buying an additional 190 shares in the last quarter. Finally, Wright Investors Service Inc. boosted its holdings in shares of Toronto-Dominion Bank by 0.5% in the first quarter. Wright Investors Service Inc. now owns 35,158 shares of the bank’s stock worth $2,123,000 after acquiring an additional 191 shares during the period. Institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Down 4.1 %

Shares of NYSE TD opened at $57.01 on Friday. The company has a market capitalization of $99.68 billion, a P/E ratio of 18.21, a price-to-earnings-growth ratio of 1.85 and a beta of 0.81. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.02 and a current ratio of 1.02. Toronto-Dominion Bank has a 52-week low of $53.52 and a 52-week high of $65.12. The company’s 50 day moving average price is $60.64 and its 200-day moving average price is $58.18.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, August 22nd. The bank reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.56. Toronto-Dominion Bank had a return on equity of 14.34% and a net margin of 6.94%. The company had revenue of $14.18 billion for the quarter, compared to analysts’ expectations of $9.40 billion. During the same period last year, the business earned $1.48 EPS. Toronto-Dominion Bank’s quarterly revenue was up 9.8% compared to the same quarter last year. Equities analysts forecast that Toronto-Dominion Bank will post 5.84 earnings per share for the current year.

Toronto-Dominion Bank Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be issued a dividend of $0.739 per share. The ex-dividend date is Thursday, October 10th. This represents a $2.96 dividend on an annualized basis and a yield of 5.19%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 95.21%.

Analyst Ratings Changes

Several research analysts recently commented on the company. National Bank Financial raised Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research report on Thursday, August 22nd. StockNews.com downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Thursday, August 22nd. UBS Group began coverage on Toronto-Dominion Bank in a research note on Tuesday, July 2nd. They issued a “neutral” rating for the company. Finally, Royal Bank of Canada lowered Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research note on Friday. One analyst has rated the stock with a sell rating, eight have given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $84.00.

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.