How to buy The Toronto-Dominion Bank stock - 20 April

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How to buy The Toronto-Dominion Bank stock

Own The Toronto-Dominion Bank stock in just a few minutes.

The Toronto-Dominion Bank is a banks-diversified business based in the US. The Toronto-Dominion Bank shares (TD) are listed on the NYSE and all prices are listed in US Dollars. The Toronto-Dominion Bank employs 90,000 staff and has a trailing 12-month revenue of around USD0.00.

How to buy shares in The Toronto-Dominion Bank

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for The Toronto-Dominion Bank. Find the stock by name or ticker symbol: TD. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until The Toronto-Dominion Bank reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of The Toronto-Dominion Bank, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of The Toronto-Dominion Bank. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

The Toronto-Dominion Bank share price

Use our graph to track the performance of TD stocks over time.

The Toronto-Dominion Bank shares at a glance

Information last updated 2021-03-24.
52-week rangeUSD$36.85 - USD$67.23
50-day moving average USD$62.00
200-day moving average USD$54.21
Wall St. target priceUSD$64.56
PE ratio 12.4321
Dividend yield USD$2.524 (3.89%)
Earnings per share (TTM) USD$5.26

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy The Toronto-Dominion Bank stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Is The Toronto-Dominion Bank under- or over-valued?

Valuing The Toronto-Dominion Bank stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of The Toronto-Dominion Bank's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

The Toronto-Dominion Bank's P/E ratio

The Toronto-Dominion Bank's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 12x. In other words, The Toronto-Dominion Bank shares trade at around 12x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

The Toronto-Dominion Bank's PEG ratio

The Toronto-Dominion Bank's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.21. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into The Toronto-Dominion Bank's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

The Toronto-Dominion Bank financials

Revenue TTM USD$29.7 billion
Operating margin TTM 35.51%
Gross profit TTM USD$36.4 billion
Return on assets TTM 0.76%
Return on equity TTM 13.23%
Profit margin 32.74%
Book value $39.48
Market capitalisation USD$119.6 billion

TTM: trailing 12 months

Shorting The Toronto-Dominion Bank shares

There are currently 8.0 million The Toronto-Dominion Bank shares held short by investors – that's known as The Toronto-Dominion Bank's "short interest". This figure is 29.3% up from 6.2 million last month.

There are a few different ways that this level of interest in shorting The Toronto-Dominion Bank shares can be evaluated.

The Toronto-Dominion Bank's "short interest ratio" (SIR)

The Toronto-Dominion Bank's "short interest ratio" (SIR) is the quantity of The Toronto-Dominion Bank shares currently shorted divided by the average quantity of The Toronto-Dominion Bank shares traded daily (recently around 1.7 million). The Toronto-Dominion Bank's SIR currently stands at 4.68. In other words for every 100,000 The Toronto-Dominion Bank shares traded daily on the market, roughly 4680 shares are currently held short.

However The Toronto-Dominion Bank's short interest can also be evaluated against the total number of The Toronto-Dominion Bank shares, or, against the total number of tradable The Toronto-Dominion Bank shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case The Toronto-Dominion Bank's short interest could be expressed as 0% of the outstanding shares (for every 100,000 The Toronto-Dominion Bank shares in existence, roughly 0 shares are currently held short) or 0% of the tradable shares (for every 100,000 tradable The Toronto-Dominion Bank shares, roughly 0 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against The Toronto-Dominion Bank.

Find out more about how you can short The Toronto-Dominion Bank stock.

The Toronto-Dominion Bank's environmental, social and governance track record

Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like The Toronto-Dominion Bank.

When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.

The Toronto-Dominion Bank's total ESG risk score

Total ESG risk: 19.68

Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and The Toronto-Dominion Bank's overall score of 19.68 (as at 12/31/2018) is pretty good – landing it in it in the 27th percentile of companies rated in the same sector.

ESG scores are increasingly used to estimate the level of risk a company like The Toronto-Dominion Bank is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).

The Toronto-Dominion Bank's environmental score

Environmental score: 0.33/100

The Toronto-Dominion Bank's environmental score of 0.33 puts it squarely in the 2nd percentile of companies rated in the same sector. This could suggest that The Toronto-Dominion Bank is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.

The Toronto-Dominion Bank's social score

Social score: 10.19/100

The Toronto-Dominion Bank's social score of 10.19 puts it squarely in the 2nd percentile of companies rated in the same sector. This could suggest that The Toronto-Dominion Bank is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.

The Toronto-Dominion Bank's governance score

Governance score: 8.33/100

The Toronto-Dominion Bank's governance score puts it squarely in the 2nd percentile of companies rated in the same sector. That could suggest that The Toronto-Dominion Bank is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.

The Toronto-Dominion Bank's controversy score

Controversy score: 3/5

ESG scores also evaluate any incidences of controversy that a company has been involved in. The Toronto-Dominion Bank scored a 3 out of 5 for controversy – a middle-of-the-table result reflecting that The Toronto-Dominion Bank hasn't always managed to keep its nose clean.

Environmental, social, and governance (ESG) summary

The Toronto-Dominion Bank was last rated for ESG on: 2019-01-01.

Total ESG score 19.68
Total ESG percentile 27.14
Environmental score 0.33
Environmental score percentile 2
Social score 10.19
Social score percentile 2
Governance score 8.33
Governance score percentile 2
Level of controversy 3

The Toronto-Dominion Bank share dividends


Dividend payout ratio: 57% of net profits

Recently The Toronto-Dominion Bank has paid out, on average, around 57% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.89% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), The Toronto-Dominion Bank shareholders could enjoy a 3.89% return on their shares, in the form of dividend payments. In The Toronto-Dominion Bank's case, that would currently equate to about $2.524 per share.

The Toronto-Dominion Bank's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

The Toronto-Dominion Bank's most recent dividend payout was on 29 April 2021. The latest dividend was paid out to all shareholders who bought their shares by 7 April 2021 (the "ex-dividend date").

Have The Toronto-Dominion Bank's shares ever split?

The Toronto-Dominion Bank's shares were split on a 2:1 basis on 2 February 2014. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your The Toronto-Dominion Bank shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for The Toronto-Dominion Bank shares which in turn could have impacted The Toronto-Dominion Bank's share price.

The Toronto-Dominion Bank share price volatility

Over the last 12 months, The Toronto-Dominion Bank's shares have ranged in value from as little as $36.8542 up to $67.23. A popular way to gauge a stock's volatility is its "beta".

TD.US volatility(beta: 0.87)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while The Toronto-Dominion Bank's is 0.8681. This would suggest that The Toronto-Dominion Bank's shares are less volatile than average (for this exchange).

The Toronto-Dominion Bank overview

The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U. S. Retail, and Wholesale Banking. It offers personal deposits, such as chequing, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; point-of-sale payment solutions for large and small businesses; wealth and asset management products, and advice to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products. The company also provides capital markets, and corporate and investment banking services, including underwriting and distribution of new debt and equity issues; advice on strategic acquisitions and divestitures; and trading, funding, and investment services to companies, governments, and institutions. It offers its products and services under the TD Bank, America's Most Convenient Bank, and TD Ameritrade brand names.

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