Toronto Dominion Bank (The) (NYSE:TD) Given Average Recommendation of “Hold” by Analysts

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) has been given a consensus rating of “Hold” by the nine ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $93.00.

A number of equities analysts have commented on TD shares. Royal Bank Of Canada upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, October 8th. Zacks Research downgraded Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Wall Street Zen downgraded Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Friday, September 26th. Finally, Desjardins raised Toronto Dominion Bank from a “hold” rating to a “buy” rating in a report on Wednesday, August 13th.

Institutional Investors Weigh In On Toronto Dominion Bank

A number of large investors have recently modified their holdings of the business. True Wealth Design LLC acquired a new stake in shares of Toronto Dominion Bank during the 3rd quarter valued at $27,000. Mather Group LLC. acquired a new stake in shares of Toronto Dominion Bank during the 3rd quarter valued at $30,000. Sachetta LLC acquired a new stake in shares of Toronto Dominion Bank during the 3rd quarter valued at $33,000. Larson Financial Group LLC boosted its holdings in shares of Toronto Dominion Bank by 122.9% during the 1st quarter. Larson Financial Group LLC now owns 428 shares of the bank’s stock valued at $26,000 after acquiring an additional 236 shares in the last quarter. Finally, Quaker Wealth Management LLC boosted its holdings in shares of Toronto Dominion Bank by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 428 shares of the bank’s stock valued at $31,000 after acquiring an additional 856 shares in the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto Dominion Bank Price Performance

Toronto Dominion Bank stock opened at $82.11 on Friday. The stock’s fifty day moving average price is $78.46 and its two-hundred day moving average price is $72.72. Toronto Dominion Bank has a one year low of $51.25 and a one year high of $82.88. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market cap of $139.30 billion, a PE ratio of 9.59, a price-to-earnings-growth ratio of 1.68 and a beta of 0.80.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings data on Thursday, August 28th. The bank reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.45. Toronto Dominion Bank had a return on equity of 13.59% and a net margin of 16.40%.The firm had revenue of $10.12 billion for the quarter, compared to analyst estimates of $13.73 billion. During the same quarter last year, the company earned $2.05 EPS. The company’s revenue was up 7.9% on a year-over-year basis. As a group, research analysts expect that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 10th were issued a $1.05 dividend. The ex-dividend date of this dividend was Friday, October 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 5.1%. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $0.76. Toronto Dominion Bank’s dividend payout ratio (DPR) is 35.63%.

Toronto Dominion Bank Company Profile

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.