The Toronto-Dominion Bank (NYSE:TD) Receives $89.33 Consensus Price Target from Brokerages

Shares of The Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD have received an average rating of "Hold" from the seven brokerages that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $89.33.

A number of equities analysts recently commented on the company. Jefferies Financial Group started coverage on Toronto-Dominion Bank in a report on Thursday, February 22nd. They set a "hold" rating for the company. Barclays started coverage on shares of Toronto-Dominion Bank in a report on Wednesday, March 20th. They issued an "equal weight" rating for the company. Finally, Scotiabank raised shares of Toronto-Dominion Bank from a "sector perform" rating to a "sector outperform" rating in a research report on Wednesday, April 17th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bray Capital Advisors lifted its holdings in shares of Toronto-Dominion Bank by 206.7% during the third quarter. Bray Capital Advisors now owns 460 shares of the bank's stock valued at $28,000 after purchasing an additional 310 shares in the last quarter. Mather Group LLC. purchased a new position in Toronto-Dominion Bank in the 1st quarter worth about $29,000. LifeSteps Financial Inc. bought a new position in Toronto-Dominion Bank during the 1st quarter valued at about $30,000. Bank of New Hampshire purchased a new stake in shares of Toronto-Dominion Bank during the 4th quarter valued at about $32,000. Finally, Avior Wealth Management LLC grew its stake in shares of Toronto-Dominion Bank by 92.9% in the fourth quarter. Avior Wealth Management LLC now owns 594 shares of the bank's stock worth $38,000 after acquiring an additional 286 shares during the period. Institutional investors own 52.37% of the company's stock.

Toronto-Dominion Bank Trading Down 0.0 %

Shares of NYSE TD traded down $0.01 during midday trading on Tuesday, reaching $59.32. The company had a trading volume of 2,182,471 shares, compared to its average volume of 2,963,223. The stock has a market cap of $104.59 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 1.83 and a beta of 0.86. Toronto-Dominion Bank has a one year low of $54.69 and a one year high of $66.15. The firm's fifty day moving average price is $59.33 and its 200-day moving average price is $60.09. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.09.

Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last issued its earnings results on Thursday, February 29th. The bank reported $1.47 EPS for the quarter, topping the consensus estimate of $1.42 by $0.05. Toronto-Dominion Bank had a net margin of 11.16% and a return on equity of 14.15%. The company had revenue of $10.07 billion for the quarter, compared to the consensus estimate of $9.35 billion. On average, equities research analysts anticipate that Toronto-Dominion Bank will post 5.85 earnings per share for the current year.

Toronto-Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th will be paid a $0.7519 dividend. This is a boost from Toronto-Dominion Bank's previous quarterly dividend of $0.75. This represents a $3.01 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date of this dividend is Monday, April 8th. Toronto-Dominion Bank's dividend payout ratio is currently 30.56%.

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.