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

The Toronto-Dominion Bank (NYSE:TDGet Free Report) (TSE:TD) has been given an average rating of “Hold” by the six research firms that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $88.00.

TD has been the subject of a number of analyst reports. Scotiabank cut Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Wednesday, December 20th. CIBC cut Toronto-Dominion Bank from a “sector outperform” rating to a “neutral” rating in a research report on Wednesday, November 22nd. Bank of America lowered Toronto-Dominion Bank from a “buy” rating to a “neutral” rating in a research report on Monday, December 18th. Finally, StockNews.com raised Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research report on Monday, December 4th.

Get Our Latest Stock Report on Toronto-Dominion Bank

Institutional Investors Weigh In On Toronto-Dominion Bank

Institutional investors have recently added to or reduced their stakes in the business. Norges Bank bought a new position in shares of Toronto-Dominion Bank during the 4th quarter worth approximately $1,484,341,000. National Bank of Canada FI grew its position in Toronto-Dominion Bank by 20.8% during the third quarter. National Bank of Canada FI now owns 38,707,020 shares of the bank’s stock valued at $2,275,959,000 after buying an additional 6,665,503 shares during the period. JPMorgan Chase & Co. grew its holdings in Toronto-Dominion Bank by 40.7% during the first quarter. JPMorgan Chase & Co. now owns 15,905,184 shares of the bank’s stock valued at $952,719,000 after purchasing an additional 4,604,833 shares during the period. State Street Corp increased its stake in shares of Toronto-Dominion Bank by 38,639.3% in the second quarter. State Street Corp now owns 3,121,614 shares of the bank’s stock worth $193,571,000 after purchasing an additional 3,113,556 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Toronto-Dominion Bank by 20.1% during the third quarter. The Manufacturers Life Insurance Company now owns 17,134,868 shares of the bank’s stock worth $1,039,691,000 after acquiring an additional 2,870,662 shares in the last quarter. 51.52% of the stock is owned by institutional investors.

Toronto-Dominion Bank Price Performance

NYSE:TD opened at $61.27 on Friday. The company has a market capitalization of $108.73 billion, a P/E ratio of 14.76, a P/E/G ratio of 2.35 and a beta of 0.90. Toronto-Dominion Bank has a 52 week low of $54.69 and a 52 week high of $70.67. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.09. The stock’s fifty day moving average is $61.81 and its two-hundred day moving average is $61.22.

Toronto-Dominion Bank (NYSE:TDGet Free Report) (TSE:TD) last announced its earnings results on Thursday, November 30th. The bank reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.04). The business had revenue of $13.19 billion for the quarter, compared to analyst estimates of $9.02 billion. Toronto-Dominion Bank had a return on equity of 14.68% and a net margin of 10.65%. Toronto-Dominion Bank’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the company posted $1.64 EPS. Equities analysts expect that Toronto-Dominion Bank will post 5.88 EPS for the current year.

Toronto-Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 10th will be paid a $0.7506 dividend. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.73. This represents a $3.00 dividend on an annualized basis and a dividend yield of 4.90%. The ex-dividend date is Tuesday, January 9th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 68.19%.

About Toronto-Dominion Bank

(Get Free Report

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.

See Also

Analyst Recommendations for Toronto-Dominion Bank (NYSE:TD)

Receive News & Ratings for Toronto-Dominion Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toronto-Dominion Bank and related companies with MarketBeat.com's FREE daily email newsletter.