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

The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) was the recipient of some unusual options trading on Friday. Stock investors acquired 4,037 put options on the company. This represents an increase of approximately 113% compared to the typical daily volume of 1,893 put options.

Toronto-Dominion Bank Stock Down 2.3 %

NYSE:TD traded down $1.37 during trading hours on Friday, hitting $58.07. The stock had a trading volume of 2,345,068 shares, compared to its average volume of 2,711,500. The company has a market cap of $101.54 billion, a PE ratio of 18.99, a price-to-earnings-growth ratio of 1.85 and a beta of 0.81. The business has a 50 day simple moving average of $60.63 and a two-hundred day simple moving average of $58.20. Toronto-Dominion Bank has a 1-year low of $53.52 and a 1-year high of $65.12. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.10.

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

Toronto-Dominion Bank Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be paid a dividend of $0.739 per share. The ex-dividend date is Thursday, October 10th. This represents a $2.96 annualized dividend and a dividend yield of 5.09%. Toronto-Dominion Bank’s dividend payout ratio is presently 95.21%.

Analyst Ratings Changes

TD has been the subject of a number of research reports. National Bank Financial upgraded Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a report on Thursday, August 22nd. UBS Group assumed coverage on shares of Toronto-Dominion Bank in a research note on Tuesday, July 2nd. They set a “neutral” rating for the company. StockNews.com lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Thursday, August 22nd. Finally, Royal Bank of Canada lowered shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a report 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 company. According to data from MarketBeat, Toronto-Dominion Bank presently has an average rating of “Hold” and a consensus target price of $84.00.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TD. Valeo Financial Advisors LLC bought a new stake in shares of Toronto-Dominion Bank in the third quarter worth $222,000. Fiduciary Financial Group LLC acquired a new position in Toronto-Dominion Bank during the 3rd quarter worth $211,000. Successful Portfolios LLC acquired a new position in Toronto-Dominion Bank during the 3rd quarter worth $209,000. Hexagon Capital Partners LLC increased its position in shares of Toronto-Dominion Bank by 18.5% in the 3rd quarter. Hexagon Capital Partners LLC now owns 1,337 shares of the bank’s stock worth $85,000 after purchasing an additional 209 shares during the last quarter. Finally, CWM LLC raised its stake in shares of Toronto-Dominion Bank by 2.4% in the 3rd quarter. CWM LLC now owns 7,208 shares of the bank’s stock valued at $456,000 after purchasing an additional 170 shares in the last quarter. 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.