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How to buy The Toronto-Dominion Bank stock in Canada
Own The Toronto-Dominion Bank shares in just a few minutes.
The Toronto-Dominion Bank (TD) is a leading banks-diversified business based in the US. It opened the day at $70.14 after a previous close of $70.64. During the day the price has varied from a low of $70.165 to a high of $71.02. The latest price was $70.94 (25 minute delay). The Toronto-Dominion Bank is listed on the NYSE and employs 90,000 staff. All prices are listed in US Dollars.
How to buy shares in The Toronto-Dominion Bank
- Choose a platform. If you're a beginner, our share-dealing table below can help you choose.
- Open your account. You'll need your ID, bank details and national insurance number.
- Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
- Search the platform for stock code: TD in this case.
- Research The Toronto-Dominion Bank shares. The platform should provide the latest information available.
- Buy your The Toronto-Dominion Bank shares. It's that simple.
What's in this guide?
- Can I buy shares in The Toronto-Dominion Bank?
- The Toronto-Dominion Bank shares summary
- Compare share dealing platforms
- Is The Toronto-Dominion Bank stock a buy or sell?
- The Toronto-Dominion Bank performance over time
- Can I short The Toronto-Dominion Bank shares?
- Is The Toronto-Dominion Bank suitable for ethical investing?
- Are The Toronto-Dominion Bank shares over-valued?
- The Toronto-Dominion Bank's financials
- How volatile are The Toronto-Dominion Bank shares?
- Does The Toronto-Dominion Bank pay a dividend?
- Have The Toronto-Dominion Bank shares ever split?
- Other common questions
The Toronto-Dominion Bank share priceUse our graph to track the performance of TD stocks over time.
The Toronto-Dominion Bank shares at a glance
|52-week range||$35.9318 - $71.03|
|50-day moving average||$66.8071|
|200-day moving average||$58.7767|
|Wall St. target price||$64.56|
|Dividend yield||$3.16 (4.47%)|
|Earnings per share (TTM)||$5.421|
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Note: The dollar amounts in the table below are in Canadian dollars.
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.
The Toronto-Dominion Bank price performance over time
|1 week (2021-05-04)||3.58%|
|1 month (2021-04-09)||7.24%|
|3 months (2021-02-11)||19.83%|
|6 months (2020-11-11)||42.59%|
|1 year (2020-05-11)||71.93%|
|2 years (2019-05-10)||28.10%|
|3 years (2018-05-11)||21.51%|
|5 years (2016-05-11)||62.67%|
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 13x. In other words, The Toronto-Dominion Bank shares trade at around 13x 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$37.2 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%|
|Market capitalisation||USD$128.8 billion|
TTM: trailing 12 months
How to short and sell The Toronto-Dominion Bank shares
- Create a CFD or spread betting account.
- Search for the stock code. E.g. "TD.US"
- Choose your position size.
- Select "sell" rather than "buy".
- Confirm your position and keep tabs on it. You may wish to set limits on your position.
There are currently 6.0 million The Toronto-Dominion Bank shares held short by investors – that's known as The Toronto-Dominion Bank's "short interest". This figure is 20.6% down from 7.5 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 1.8 million). The Toronto-Dominion Bank's SIR currently stands at 3.29. In other words for every 100,000 The Toronto-Dominion Bank shares traded daily on the market, roughly 3290 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 01/01/2019) 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
|Total ESG score||19.68|
|Total ESG percentile||27.14|
|Environmental score percentile||2|
|Social score percentile||2|
|Governance score percentile||2|
|Level of controversy||3|
The Toronto-Dominion Bank share dividends
Dividend payout ratio: 57.03% of net profits
Recently The Toronto-Dominion Bank has paid out, on average, around 57.03% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.63% 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 3.63% return on their shares, in the form of dividend payments. In The Toronto-Dominion Bank's case, that would currently equate to about $3.16 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 30 April 2021. The latest dividend was paid out to all shareholders who bought their shares by 8 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 3 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 $35.9318 up to $71.03. A popular way to gauge a stock's volatility is its "beta".
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 0.8785. 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. The company operates through a network of 1,085 branches, 3,440 automated teller machines, and 1,223 stores, as well as offers telephone, digital, and mobile banking services. The Toronto-Dominion Bank was founded in 1855 and is headquartered in Toronto, Canada.
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