The Toronto-Dominion Bank (TSE:TD) Given Consensus Recommendation of "Hold" by Brokerages

The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD has earned a consensus recommendation of "Hold" from the thirteen research firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$88.75.

A number of research analysts have commented on TD shares. Scotiabank reduced their price objective on shares of Toronto-Dominion Bank from C$83.00 to C$82.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 20th. BMO Capital Markets upgraded Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating and set a C$90.00 price target for the company in a research note on Thursday, December 19th. Jefferies Financial Group cut Toronto-Dominion Bank from a "buy" rating to a "hold" rating and upped their price objective for the company from C$90.00 to C$99.00 in a research note on Tuesday, February 18th. UBS Group lifted their target price on Toronto-Dominion Bank from C$83.00 to C$90.00 in a research report on Friday, February 14th. Finally, CIBC lowered their price target on Toronto-Dominion Bank from C$96.00 to C$95.00 in a report on Thursday, March 6th.

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Insider Transactions at Toronto-Dominion Bank

In related news, Director Theresa Lynn Currie sold 45,172 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of C$86.50, for a total transaction of C$3,907,378.00. Following the completion of the sale, the director now owns 163 shares in the company, valued at C$14,099.50. This trade represents a 99.64 % decrease in their position. Also, Director Michael A. French sold 9,288 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of C$85.25, for a total transaction of C$791,802.00. 0.08% of the stock is currently owned by corporate insiders.

Toronto-Dominion Bank Trading Up 1.9 %

Shares of TD traded up C$1.52 during midday trading on Friday, reaching C$81.19. 6,589,490 shares of the company were exchanged, compared to its average volume of 8,775,661. Toronto-Dominion Bank has a 1-year low of C$73.22 and a 1-year high of C$87.99. The stock has a 50-day moving average price of C$84.51 and a 200-day moving average price of C$81.27. The company has a market cap of C$142.44 billion, a price-to-earnings ratio of 16.09, a P/E/G ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 30th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 5.17%. The ex-dividend date of this dividend is Thursday, April 10th. Toronto-Dominion Bank's dividend payout ratio (DPR) is currently 80.84%.

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.