Short Interest in Toronto Dominion Bank (The) (NYSE:TD) Drops By 57.7%

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) was the target of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 4,127,228 shares, a decrease of 57.7% from the April 30th total of 9,747,325 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,339,140 shares, the days-to-cover ratio is presently 3.1 days.

Hedge Funds Weigh In On Toronto Dominion Bank

Several institutional investors and hedge funds have recently added to or reduced their stakes in TD. Bayban acquired a new stake in Toronto Dominion Bank in the fourth quarter valued at approximately $28,000. Harvest Fund Management Co. Ltd increased its holdings in shares of Toronto Dominion Bank by 112.8% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 317 shares of the bank’s stock worth $30,000 after buying an additional 168 shares in the last quarter. CBIZ Investment Advisory Services LLC bought a new position in shares of Toronto Dominion Bank in the 4th quarter valued at $34,000. Brown Lisle Cummings Inc. lifted its stake in shares of Toronto Dominion Bank by 88.4% in the 1st quarter. Brown Lisle Cummings Inc. now owns 407 shares of the bank’s stock valued at $38,000 after acquiring an additional 191 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Toronto Dominion Bank by 660.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 525 shares of the bank’s stock valued at $38,000 after acquiring an additional 456 shares in the last quarter. Institutional investors own 52.37% of the company’s stock.

Analysts Set New Price Targets

TD has been the subject of several analyst reports. Weiss Ratings cut Toronto Dominion Bank from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday. Raymond James Financial raised Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Tuesday, May 12th. Scotiabank upgraded Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, May 4th. Wall Street Zen downgraded Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Finally, Canadian Imperial Bank of Commerce cut shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Toronto Dominion Bank currently has a consensus rating of “Moderate Buy”.

Toronto Dominion Bank Price Performance

Shares of TD stock traded up $0.40 on Friday, hitting $113.74. 2,592,340 shares of the company’s stock were exchanged, compared to its average volume of 1,453,331. The company has a 50 day moving average of $103.24 and a 200 day moving average of $96.05. The stock has a market cap of $188.38 billion, a P/E ratio of 17.74, a price-to-earnings-growth ratio of 1.27 and a beta of 0.72. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.04 and a quick ratio of 1.04. Toronto Dominion Bank has a 12 month low of $68.08 and a 12 month high of $114.26.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its earnings results on Thursday, May 28th. The bank reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.11. The firm had revenue of $11.80 billion for the quarter, compared to analysts’ expectations of $11.04 billion. Toronto Dominion Bank had a return on equity of 14.83% and a net margin of 13.20%.The business’s revenue for the quarter was down 31.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.97 earnings per share. On average, equities research analysts predict that Toronto Dominion Bank will post 6.91 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 10th will be issued a dividend of $1.12 per share. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, July 10th. This represents a $4.48 annualized dividend and a dividend yield of 3.9%. Toronto Dominion Bank’s payout ratio is presently 48.52%.

Key Toronto Dominion Bank News

Here are the key news stories impacting Toronto Dominion Bank this week:

• Positive Sentiment: TD reported Q2 adjusted EPS of $2.38, up 21% year over year, and adjusted earnings of $4.2 billion, both ahead of expectations. Revenue also topped estimates, helped by strength in Canadian banking, wealth, and wholesale banking. TD Bank Group Reports Second Quarter 2026 Results
• Positive Sentiment: The bank lifted its quarterly dividend to $1.12 per share, a 3.7% increase, signaling confidence in capital generation and adding to its appeal for income-focused investors. TD BANK GROUP DECLARES DIVIDENDS
• Positive Sentiment: Management also guided to a $7 billion buyback, which should support per-share metrics and reinforce the view that capital returns remain a priority. TD Bank Q2 Earnings: Still A Buy, For Now
• Positive Sentiment: TD’s AI rollout in mortgage lending highlights an efficiency initiative that could reduce processing time, improve customer experience, and lower operating costs over time. TD Bank Puts Agentic AI To Work In Core Mortgage Lending
• Neutral Sentiment: Other major Canadian banks also beat earnings expectations, which helps confirm that the sector backdrop remains healthy, though it is not unique to TD. Canadian Banks Extend Earnings Beat Streak As Capital Markets Profit Jumps 27%
• Neutral Sentiment: Analysts note TD still faces AML-related remediation costs and a higher valuation after the rally, but these concerns were outweighed by the quarter’s strong operating performance. TD Bank Q2 Earnings: Still A Buy, For Now

About Toronto Dominion Bank

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.