Toronto-Dominion Bank (NYSE:TD) Cut to Hold at Jefferies Financial Group

Jefferies Financial Group downgraded shares of Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD from a buy rating to a hold rating in a research report released on Tuesday morning, Marketbeat.com reports.

Other equities analysts also recently issued research reports about the stock. Desjardins downgraded shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Friday, December 6th. Scotiabank lowered Toronto-Dominion Bank from a "sector outperform" rating to a "sector perform" rating in a research note on Friday, December 6th. StockNews.com raised Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a research report on Wednesday, February 5th. Bank of America upgraded Toronto-Dominion Bank from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. Finally, BMO Capital Markets raised Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, seven have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $80.50.

Toronto-Dominion Bank Price Performance

TD stock traded down $0.54 during trading on Tuesday, hitting $59.82. The stock had a trading volume of 1,018,996 shares, compared to its average volume of 2,672,406. Toronto-Dominion Bank has a 1-year low of $51.25 and a 1-year high of $64.91. The stock has a market cap of $104.71 billion, a price-to-earnings ratio of 17.24, a price-to-earnings-growth ratio of 1.94 and a beta of 0.84. The company's 50 day moving average price is $56.04 and its two-hundred day moving average price is $57.54. 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 Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 10th were issued a $0.7482 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $2.99 dividend on an annualized basis and a yield of 5.00%. This is a boost from Toronto-Dominion Bank's previous quarterly dividend of $0.74. Toronto-Dominion Bank's dividend payout ratio (DPR) is presently 83.86%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TD. Dunhill Financial LLC boosted its holdings in Toronto-Dominion Bank by 164.9% in the third 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 last quarter. Lee Danner & Bass Inc. acquired a new position in Toronto-Dominion Bank in the fourth quarter valued at $27,000. Bank of Jackson Hole Trust acquired a new position in Toronto-Dominion Bank in the fourth quarter valued at $32,000. CoreCap Advisors LLC increased its position in shares of Toronto-Dominion Bank by 57.5% in the fourth quarter. CoreCap Advisors LLC now owns 630 shares of the bank's stock worth $34,000 after acquiring an additional 230 shares in the last quarter. Finally, Versant Capital Management Inc increased its position in shares of Toronto-Dominion Bank by 40.0% in the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank's stock worth $37,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 52.37% of the company's stock.

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.