Toronto Dominion Bank (The) (NYSE:TD) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) have been given an average rating of “Moderate Buy” by the nine brokerages that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $93.00.

Several research firms recently commented on TD. Wall Street Zen downgraded Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Saturday, January 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Wednesday, January 21st. Jefferies Financial Group downgraded Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Natl Bk Canada upgraded Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 17th. Finally, Raymond James Financial raised shares of Toronto Dominion Bank to a “hold” rating in a report on Monday, November 24th.

Toronto Dominion Bank Price Performance

Toronto Dominion Bank stock opened at $96.62 on Monday. Toronto Dominion Bank has a 52 week low of $54.87 and a 52 week high of $96.74. The company’s 50 day moving average price is $92.89 and its two-hundred day moving average price is $83.28. The stock has a market cap of $162.16 billion, a P/E ratio of 11.46, a P/E/G ratio of 1.35 and a beta of 0.67. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09.

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

Toronto Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, January 31st. Stockholders of record on Friday, January 9th were given a dividend of $1.08 per share. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.05. This represents a $4.32 annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Friday, January 9th. Toronto Dominion Bank’s dividend payout ratio (DPR) is currently 37.37%.

Institutional Investors Weigh In On Toronto Dominion Bank

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Main Line Retirement Advisors LLC grew its stake in shares of Toronto Dominion Bank by 0.9% in the fourth quarter. Main Line Retirement Advisors LLC now owns 12,152 shares of the bank’s stock worth $1,145,000 after purchasing an additional 109 shares during the last quarter. Rosenberg Matthew Hamilton lifted its holdings in Toronto Dominion Bank by 8.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 1,489 shares of the bank’s stock worth $140,000 after buying an additional 118 shares during the period. Richardson Financial Services Inc. grew its position in shares of Toronto Dominion Bank by 12.4% in the 4th quarter. Richardson Financial Services Inc. now owns 1,104 shares of the bank’s stock worth $104,000 after buying an additional 122 shares during the last quarter. Commons Capital LLC increased its stake in shares of Toronto Dominion Bank by 0.7% during the third quarter. Commons Capital LLC now owns 18,251 shares of the bank’s stock valued at $1,459,000 after buying an additional 134 shares during the period. Finally, CIBC Private Wealth Group LLC raised its holdings in shares of Toronto Dominion Bank by 4.8% during the third quarter. CIBC Private Wealth Group LLC now owns 2,912 shares of the bank’s stock valued at $233,000 after acquiring an additional 134 shares in the last quarter. Hedge funds and other institutional investors 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.