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

Shares of The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD have been given an average recommendation of "Hold" by the eleven brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$90.85.

TD has been the subject of a number of analyst reports. Barclays increased their price target on Toronto-Dominion Bank from C$83.00 to C$91.00 in a research report on Monday, June 9th. National Bankshares set a C$80.00 target price on shares of Toronto-Dominion Bank and gave the stock a "sector perform" rating in a research note on Thursday, May 22nd. Canaccord Genuity Group set a C$101.00 price target on shares of Toronto-Dominion Bank and gave the company a "buy" rating in a research report on Tuesday, June 24th. Scotiabank raised shares of Toronto-Dominion Bank to a "hold" rating in a research report on Wednesday, May 14th. Finally, CIBC increased their price objective on shares of Toronto-Dominion Bank from C$96.00 to C$99.00 and gave the company an "outperform" rating in a research note on Thursday, June 5th.

Insiders Place Their Bets

In other Toronto-Dominion Bank news, Senior Officer Kelvin Vi Luan Tran sold 9,612 shares of the business's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of C$94.98, for a total value of C$912,947.76. Also, Senior Officer Paul Martyn Clark sold 16,936 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of C$94.87, for a total value of C$1,606,718.32. Following the transaction, the insider owned 260 shares of the company's stock, valued at C$24,666.20. The trade was a 98.49% decrease in their position. Over the last ninety days, insiders sold 81,612 shares of company stock valued at $7,748,610. Company insiders own 0.08% of the company's stock.

Toronto-Dominion Bank Stock Performance

Shares of TD opened at C$100.69 on Monday. The firm has a market capitalization of C$176.65 billion, a P/E ratio of 19.95, a P/E/G ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a 52 week low of C$73.22 and a 52 week high of C$102.45. The stock has a 50 day moving average price of C$95.28 and a two-hundred day moving average price of C$87.47.

Toronto-Dominion Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 31st will be paid a $1.05 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $4.20 annualized dividend and a yield of 4.17%. Toronto-Dominion Bank's payout ratio is 80.84%.

Toronto-Dominion Bank Company Profile

Toronto-Dominion is one of Canada's two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank's U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.

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