The Toronto-Dominion Bank (NYSE:TD) Receives Average Rating of "Hold" from Analysts

Shares of The Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD have been assigned a consensus rating of "Hold" from the ten research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on 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 commented on TD shares. Bank of America upgraded Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a report on Friday, January 17th. BMO Capital Markets raised shares of Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a report on Thursday, December 19th. Jefferies Financial Group cut shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a report on Tuesday, February 18th. Finally, StockNews.com downgraded shares of Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research report on Monday, February 24th.

Institutional Investors Weigh In On Toronto-Dominion Bank

A number of institutional investors and hedge funds have recently made changes to their positions in TD. Lee Danner & Bass Inc. purchased a new position in shares of Toronto-Dominion Bank during the fourth quarter worth about $27,000. Financial Management Professionals Inc. grew its stake in shares of Toronto-Dominion Bank by 322.4% in the 1st quarter. Financial Management Professionals Inc. now owns 490 shares of the bank's stock valued at $29,000 after purchasing an additional 374 shares during the last quarter. Bank of Jackson Hole Trust acquired a new position in shares of Toronto-Dominion Bank in the fourth quarter valued at approximately $32,000. CoreCap Advisors LLC raised its stake in shares of Toronto-Dominion Bank by 57.5% during the fourth quarter. CoreCap Advisors LLC now owns 630 shares of the bank's stock worth $34,000 after purchasing an additional 230 shares during the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of Toronto-Dominion Bank by 40.0% during the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank's stock worth $37,000 after purchasing an additional 200 shares during the period. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Stock Up 0.4 %

Shares of NYSE:TD traded up $0.23 during trading hours on Tuesday, reaching $60.67. The stock had a trading volume of 1,560,387 shares, compared to its average volume of 2,514,151. Toronto-Dominion Bank has a 1 year low of $51.25 and a 1 year high of $64.91. The firm's 50 day moving average is $59.25 and its 200-day moving average is $57.19. The stock has a market capitalization of $106.31 billion, a price-to-earnings ratio of 17.48, a P/E/G ratio of 1.95 and a beta of 0.73. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.03 and a current ratio of 1.03.

Toronto-Dominion Bank Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be given a dividend of $0.7278 per share. This represents a $2.91 annualized dividend and a yield of 4.80%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank's payout ratio is currently 85.59%.

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.