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

The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) has been assigned a consensus recommendation of “Hold” from the ten brokerages that are presently covering the company, 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 1 year target price among brokerages that have issued ratings on the stock in the last year is $80.50.

TD has been the topic of several recent analyst reports. Scotiabank lowered Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday, December 6th. Barclays downgraded shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research report on Thursday, November 21st. StockNews.com raised Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Royal Bank of Canada dropped their target price on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating on the stock in a report on Friday, December 6th. Finally, Desjardins cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Friday, December 6th.

Institutional Investors Weigh In On Toronto-Dominion Bank

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dunhill Financial LLC increased its holdings in Toronto-Dominion Bank by 164.9% during the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock worth $25,000 after acquiring an additional 249 shares during the period. Lee Danner & Bass Inc. bought a new stake in shares of Toronto-Dominion Bank during the 4th quarter worth $27,000. Bank of Jackson Hole Trust purchased a new position in Toronto-Dominion Bank in the fourth quarter worth $32,000. CoreCap Advisors LLC increased its stake in Toronto-Dominion Bank by 57.5% in the fourth quarter. CoreCap Advisors LLC now owns 630 shares of the bank’s stock valued at $34,000 after acquiring an additional 230 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in Toronto-Dominion Bank by 40.0% during the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock valued at $37,000 after purchasing an additional 200 shares in the last quarter. 52.37% of the stock is currently owned by institutional investors.

Toronto-Dominion Bank Trading Down 0.9 %

NYSE:TD opened at $59.82 on Monday. The business’s 50-day moving average price is $56.04 and its two-hundred day moving average price is $57.56. Toronto-Dominion Bank has a 1-year low of $51.25 and a 1-year high of $64.91. The firm has a market capitalization of $104.71 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 1.95 and a beta of 0.84. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11.

Toronto-Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were given a dividend of $0.7482 per share. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. This represents a $2.99 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date of this dividend was Friday, January 10th. Toronto-Dominion Bank’s dividend payout ratio is currently 84.15%.

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.