Cormark Reduces Earnings Estimates for Toronto-Dominion Bank

The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) – Stock analysts at Cormark reduced their FY2025 EPS estimates for shares of Toronto-Dominion Bank in a research report issued on Friday, December 6th. Cormark analyst L. Persaud now expects that the bank will post earnings of $5.62 per share for the year, down from their previous estimate of $5.99. The consensus estimate for Toronto-Dominion Bank’s current full-year earnings is $5.61 per share. Cormark also issued estimates for Toronto-Dominion Bank’s FY2026 earnings at $6.08 EPS.

Several other research firms also recently issued reports on TD. Desjardins downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Barclays cut Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. National Bank Financial upgraded Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a report on Thursday, August 22nd. Royal Bank of Canada reduced their price objective on Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating for the company in a report on Friday, December 6th. Finally, Scotiabank cut Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Toronto-Dominion Bank presently has a consensus rating of “Hold” and an average price target of $80.50.

Toronto-Dominion Bank Price Performance

TD opened at $53.11 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.10. Toronto-Dominion Bank has a 12 month low of $51.74 and a 12 month high of $65.12. The company has a fifty day simple moving average of $57.09 and a 200 day simple moving average of $57.64. The stock has a market cap of $92.96 billion, a P/E ratio of 15.31, a P/E/G ratio of 1.79 and a beta of 0.82.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be issued a dividend of $0.7482 per share. The ex-dividend date is Friday, January 10th. This represents a $2.99 annualized dividend and a dividend yield of 5.63%. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. Toronto-Dominion Bank’s dividend payout ratio is currently 89.34%.

Institutional Investors Weigh In On Toronto-Dominion Bank

Institutional investors and hedge funds have recently made changes to their positions in the business. CWM LLC grew its position in shares of Toronto-Dominion Bank by 7.6% during the 2nd quarter. CWM LLC now owns 7,038 shares of the bank’s stock valued at $387,000 after acquiring an additional 496 shares during the period. Simplicity Wealth LLC boosted its holdings in Toronto-Dominion Bank by 9.3% in the 2nd quarter. Simplicity Wealth LLC now owns 7,966 shares of the bank’s stock worth $438,000 after buying an additional 676 shares during the period. SG Americas Securities LLC bought a new position in Toronto-Dominion Bank in the 2nd quarter worth approximately $130,000. QV Investors Inc. boosted its holdings in Toronto-Dominion Bank by 12.1% in the 2nd quarter. QV Investors Inc. now owns 868,171 shares of the bank’s stock worth $47,712,000 after buying an additional 94,013 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in Toronto-Dominion Bank by 1.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 88,774 shares of the bank’s stock valued at $4,879,000 after purchasing an additional 1,373 shares during the period. Institutional investors and hedge funds own 52.37% of the company’s stock.

About Toronto-Dominion Bank

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.