Toronto Dominion Bank (The) (NYSE:TD) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) have been given a consensus rating of “Moderate Buy” by the ten ratings firms that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $93.00.

TD has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, October 8th. Raymond James Financial raised Toronto Dominion Bank to a “hold” rating in a research report on Monday, November 24th. Wall Street Zen downgraded Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Saturday. Natl Bk Canada upgraded Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Finally, Jefferies Financial Group downgraded Toronto Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th.

Toronto Dominion Bank Trading Up 0.3%

NYSE TD opened at $92.81 on Friday. The company has a market cap of $156.80 billion, a P/E ratio of 11.01, a P/E/G ratio of 1.29 and a beta of 0.69. Toronto Dominion Bank has a 12 month low of $51.25 and a 12 month high of $93.30. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03. The company has a 50-day moving average of $83.72 and a 200-day moving average of $77.85.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its earnings results on Thursday, December 4th. The bank reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.10. Toronto Dominion Bank had a net margin of 16.52% and a return on equity of 13.90%. The business had revenue of $11.44 billion for the quarter, compared to analysts’ expectations of $10.10 billion. During the same period last year, the company earned $1.72 earnings per share. The company’s quarterly revenue was down .1% on a year-over-year basis. As a group, equities analysts predict that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, January 31st. Shareholders of record on Friday, January 9th will be given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 4.7%. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Friday, January 9th. Toronto Dominion Bank’s dividend payout ratio is presently 35.82%.

Institutional Investors Weigh In On Toronto Dominion Bank

Several large investors have recently made changes to their positions in TD. True Wealth Design LLC purchased a new stake in Toronto Dominion Bank during the 3rd quarter worth $27,000. Mather Group LLC. acquired a new position in shares of Toronto Dominion Bank during the third quarter worth about $30,000. Sachetta LLC purchased a new stake in shares of Toronto Dominion Bank in the third quarter worth about $33,000. Quaker Wealth Management LLC grew its stake in shares of Toronto Dominion Bank by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 428 shares of the bank’s stock valued at $31,000 after buying an additional 856 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of Toronto Dominion Bank in the second quarter valued at about $32,000. Institutional investors and hedge funds own 52.37% of the company’s stock.

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.