Toronto Dominion Bank (The) (NYSE:TD) Given Average Rating of "Hold" by Brokerages

Shares of Toronto Dominion Bank (The) (NYSE:TD - Get Free Report) TSE: TD have been assigned an average rating of "Hold" from the nine research firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $93.00.

A number of research analysts have commented on TD shares. Wall Street Zen upgraded Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. Scotiabank started coverage on Toronto Dominion Bank in a research note on Thursday, May 15th. They set a "sector perform" rating on the stock. Finally, Royal Bank Of Canada boosted their price objective on Toronto Dominion Bank from $87.00 to $93.00 and gave the stock a "sector perform" rating in a research note on Friday, May 23rd.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Norges Bank acquired a new stake in Toronto Dominion Bank during the fourth quarter valued at approximately $992,204,000. Goldman Sachs Group Inc. raised its stake in Toronto Dominion Bank by 93.9% during the first quarter. Goldman Sachs Group Inc. now owns 12,216,411 shares of the bank's stock valued at $732,252,000 after buying an additional 5,917,078 shares in the last quarter. FIL Ltd raised its stake in Toronto Dominion Bank by 17.3% during the fourth 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 in the last quarter. Federation des caisses Desjardins du Quebec raised its stake in Toronto Dominion Bank by 48.9% during the first quarter. Federation des caisses Desjardins du Quebec now owns 14,785,565 shares of the bank's stock valued at $886,174,000 after buying an additional 4,853,498 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in Toronto Dominion Bank by 81.6% during the first quarter. Canada Pension Plan Investment Board now owns 10,524,446 shares of the bank's stock valued at $630,746,000 after buying an additional 4,729,657 shares in the last quarter. Institutional investors and hedge funds own 52.37% of the company's stock.

Toronto Dominion Bank Price Performance

Shares of Toronto Dominion Bank stock opened at $72.57 on Friday. Toronto Dominion Bank has a twelve month low of $51.25 and a twelve month high of $73.06. The stock has a market capitalization of $124.85 billion, a P/E ratio of 10.64, a PEG ratio of 1.77 and a beta of 0.82. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09. The business's fifty day moving average price is $67.03 and its 200 day moving average price is $60.71.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last issued its earnings results on Thursday, May 22nd. The bank reported $1.39 earnings per share for the quarter, beating analysts' consensus estimates of $1.25 by $0.14. The firm had revenue of $10.97 billion for the quarter, compared to analysts' expectations of $13.36 billion. Toronto Dominion Bank had a return on equity of 13.11% and a net margin of 13.53%. During the same quarter last year, the firm earned $2.04 earnings per share. As a group, research analysts anticipate that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 10th will be paid a $0.7568 dividend. This is a boost from Toronto Dominion Bank's previous quarterly dividend of $0.73. The ex-dividend date is Thursday, July 10th. This represents a $3.03 annualized dividend and a dividend yield of 4.17%. Toronto Dominion Bank's payout ratio is 42.82%.

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.

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