Toronto Dominion Bank Sees Unusually Large Options Volume (NYSE:TD)

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) saw some unusual options trading activity on Thursday. Traders purchased 363,497 call options on the company. This represents an increase of 18,618% compared to the typical volume of 1,942 call options.

Institutional Trading of Toronto Dominion Bank

Several large investors have recently made changes to their positions in the company. True Wealth Design LLC purchased a new stake in shares of Toronto Dominion Bank during the third quarter worth $27,000. Mather Group LLC. acquired a new position in Toronto Dominion Bank during the third quarter worth about $30,000. Quaker Wealth Management LLC boosted its position in Toronto Dominion Bank by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 428 shares of the bank’s stock worth $31,000 after acquiring an additional 856 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in Toronto Dominion Bank during the 2nd quarter valued at about $32,000. Finally, Sachetta LLC acquired a new stake in Toronto Dominion Bank in the 3rd quarter valued at about $33,000. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Toronto Dominion Bank Stock Performance

TD opened at $94.25 on Friday. The firm’s fifty day simple moving average is $87.84 and its two-hundred day simple moving average is $80.28. Toronto Dominion Bank has a 52-week low of $53.03 and a 52-week high of $96.44. The company has a market cap of $159.23 billion, a price-to-earnings ratio of 11.18, a PEG ratio of 1.32 and a beta of 0.67. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, December 4th. The bank reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.10. Toronto Dominion Bank had a net margin of 16.52% and a return on equity of 13.90%. The firm had revenue of $11.44 billion during the quarter, compared to the consensus estimate of $10.10 billion. During the same quarter in the prior year, the firm earned $1.72 EPS. The company’s revenue for the quarter was down .1% on a year-over-year basis. Equities analysts anticipate that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, January 31st. Stockholders of record on Friday, January 9th will be given a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 4.6%. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.05. The ex-dividend date is Friday, January 9th. Toronto Dominion Bank’s dividend payout ratio (DPR) is 35.82%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on TD shares. Natl Bk Canada upgraded Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 17th. National Bank Financial raised shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 18th. Raymond James Financial raised shares of Toronto Dominion Bank to a “hold” rating in a report on Monday, November 24th. Royal Bank Of Canada upgraded shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 3rd. Finally, Jefferies Financial Group lowered shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $93.00.

Toronto Dominion Bank Company Profile

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.