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

The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) has been assigned a consensus rating of “Hold” from the ten ratings firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $80.50.

A number of research analysts have recently issued reports on the company. Barclays lowered Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research report on Thursday, November 21st. Desjardins cut shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Jefferies Financial Group upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research report on Thursday. Scotiabank downgraded shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, December 6th. Finally, Royal Bank of Canada lowered their price objective on 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.

Institutional Trading of Toronto-Dominion Bank

Large investors have recently bought and sold shares of the business. CWM LLC grew its position in shares of Toronto-Dominion Bank by 7.6% in the second quarter. CWM LLC now owns 7,038 shares of the bank’s stock valued at $387,000 after purchasing an additional 496 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Toronto-Dominion Bank in the 2nd quarter worth $130,000. Assenagon Asset Management S.A. raised its holdings in shares of Toronto-Dominion Bank by 1.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 88,774 shares of the bank’s stock worth $4,879,000 after acquiring an additional 1,373 shares during the period. Triad Wealth Partners LLC acquired a new position in shares of Toronto-Dominion Bank during the 2nd quarter valued at about $31,000. Finally, Cordatus Wealth Management LLC purchased a new stake in shares of Toronto-Dominion Bank in the second quarter valued at about $411,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Performance

NYSE TD opened at $53.25 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.11. Toronto-Dominion Bank has a twelve month low of $51.74 and a twelve month high of $65.12. The stock has a 50-day moving average of $56.29 and a 200 day moving average of $57.57. The stock has a market capitalization of $93.20 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 1.69 and a beta of 0.82.

Toronto-Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be paid a $0.7482 dividend. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. This represents a $2.99 annualized dividend and a dividend yield of 5.62%. The ex-dividend date of this dividend is Friday, January 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 87.03%.

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.