The Toronto-Dominion Bank (NYSE:TD) Given Average Rating of “Hold” by Brokerages

The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) has received an average rating of “Hold” from the ten analysts that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $80.50.

Several brokerages recently weighed in on TD. Bank of America raised shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. Jefferies Financial Group cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. BMO Capital Markets upgraded Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 19th. Finally, StockNews.com cut Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Monday, February 24th.

Hedge Funds Weigh In On Toronto-Dominion Bank

Institutional investors and hedge funds have recently modified their holdings of the business. Lee Danner & Bass Inc. bought a new position in Toronto-Dominion Bank during the fourth quarter worth $27,000. Financial Management Professionals Inc. boosted its position in shares of Toronto-Dominion Bank by 322.4% during the 1st quarter. Financial Management Professionals Inc. now owns 490 shares of the bank’s stock worth $29,000 after purchasing an additional 374 shares in the last quarter. Bank of Jackson Hole Trust acquired a new stake in shares of Toronto-Dominion Bank in the 4th quarter valued at about $32,000. CoreCap Advisors LLC increased its position in Toronto-Dominion Bank by 57.5% in the 4th quarter. CoreCap Advisors LLC now owns 630 shares of the bank’s stock valued at $34,000 after buying an additional 230 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in Toronto-Dominion Bank by 40.0% during the 4th quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock worth $37,000 after buying an additional 200 shares during the period. 52.37% of the stock is currently owned by institutional investors.

Toronto-Dominion Bank Trading Up 2.7 %

TD opened at $59.95 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03. Toronto-Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $64.91. The company’s 50 day moving average price is $59.15 and its two-hundred day moving average price is $57.16. The firm has a market capitalization of $105.05 billion, a price-to-earnings ratio of 17.28, a PEG ratio of 1.95 and a beta of 0.73.

Toronto-Dominion Bank Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be issued a $0.7278 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.91 dividend on an annualized basis and a yield of 4.86%. Toronto-Dominion Bank’s payout ratio is currently 85.59%.

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.