The Toronto-Dominion Bank (NYSE:TD) Receives $80.50 Consensus Price Target from Brokerages

Shares of The Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD have earned an average rating of "Hold" from the ten analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $80.50.

Several equities research analysts recently issued reports 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. Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Finally, StockNews.com downgraded shares of Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a report on Monday, February 24th.

Toronto-Dominion Bank Stock Up 0.4 %

TD traded up $0.23 during midday trading on Tuesday, reaching $60.67. 1,560,387 shares of the company were exchanged, compared to its average volume of 2,507,586. The company has a market cap of $106.31 billion, a price-to-earnings ratio of 17.48, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. Toronto-Dominion Bank has a one year low of $51.25 and a one year high of $64.91. The company's fifty day moving average price is $59.25 and its 200 day moving average price is $57.12. 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be issued a $0.7278 dividend. This represents a $2.91 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank's dividend payout ratio (DPR) is currently 85.59%.

Institutional Trading of Toronto-Dominion Bank

Several hedge funds have recently added to or reduced their stakes in TD. Vanguard Group Inc. grew its position in shares of Toronto-Dominion Bank by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 74,118,551 shares of the bank's stock valued at $3,946,072,000 after acquiring an additional 1,415,934 shares during the period. FIL Ltd lifted its position in shares of Toronto-Dominion Bank by 17.3% during the 4th quarter. FIL Ltd now owns 38,989,749 shares of the bank's stock valued at $2,075,819,000 after buying an additional 5,756,584 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of Toronto-Dominion Bank by 5.6% during the 4th quarter. Mackenzie Financial Corp now owns 27,990,674 shares of the bank's stock worth $1,488,233,000 after acquiring an additional 1,491,472 shares during the period. Norges Bank bought a new stake in Toronto-Dominion Bank in the 4th quarter valued at about $992,204,000. Finally, Beutel Goodman & Co Ltd. boosted its position in Toronto-Dominion Bank by 3.8% during the fourth quarter. Beutel Goodman & Co Ltd. now owns 16,803,807 shares of the bank's stock worth $894,169,000 after purchasing an additional 622,736 shares during the period. Institutional investors 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.