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

The Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD has received an average recommendation of "Hold" from the ten brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $80.50.

TD has been the topic of several analyst reports. Bank of America raised Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. StockNews.com lowered shares of Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research note on Friday, December 27th. Jefferies Financial Group raised shares of Toronto-Dominion Bank from a "hold" rating to a "buy" rating in a research note on Thursday, December 12th. Royal Bank of Canada reduced their price target on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a "sector perform" rating on the stock in a research report on Friday, December 6th. Finally, Desjardins cut shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Friday, December 6th.

Hedge Funds Weigh In On Toronto-Dominion Bank

A number of hedge funds have recently bought and sold shares of the business. Dunhill Financial LLC lifted its position in shares of Toronto-Dominion Bank by 164.9% during the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank's stock valued at $25,000 after acquiring an additional 249 shares during the period. Versant Capital Management Inc lifted 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 worth $37,000 after purchasing an additional 200 shares during the period. Morse Asset Management Inc acquired a new stake in Toronto-Dominion Bank during the third quarter worth about $63,000. Eastern Bank bought a new position in Toronto-Dominion Bank in the 3rd quarter valued at about $66,000. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Toronto-Dominion Bank in the 4th quarter valued at approximately $58,000. 52.37% of the stock is owned by institutional investors.

Toronto-Dominion Bank Trading Down 0.2 %

Shares of NYSE TD traded down $0.09 during midday trading on Thursday, hitting $57.32. The stock had a trading volume of 2,817,829 shares, compared to its average volume of 2,906,265. The firm has a market cap of $100.34 billion, a P/E ratio of 16.52, a price-to-earnings-growth ratio of 1.82 and a beta of 0.83. Toronto-Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $64.91. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03. The company's 50-day simple moving average is $54.65 and its 200 day simple moving average is $57.41.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 10th will be given a dividend of $0.7482 per share. The ex-dividend date is Friday, January 10th. This is an increase from Toronto-Dominion Bank's previous quarterly dividend of $0.74. This represents a $2.99 annualized dividend and a yield of 5.22%. Toronto-Dominion Bank's dividend payout ratio (DPR) is 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.