Toronto Dominion Bank (The) (NYSE:TD) Receives Consensus Rating of "Hold" from Brokerages

Shares of Toronto Dominion Bank (The) (NYSE:TD - Get Free Report) TSE: TD have been given a consensus recommendation of "Hold" by the eight analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $93.00.

TD has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Royal Bank Of Canada raised their price objective on shares of Toronto Dominion Bank from $87.00 to $93.00 and gave the stock a "sector perform" rating in a research report on Friday, May 23rd. Finally, Scotiabank initiated coverage on shares of Toronto Dominion Bank in a research report on Thursday, May 15th. They set a "sector perform" rating for the company.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TD. TD Private Client Wealth LLC boosted its stake in shares of Toronto Dominion Bank by 321.4% in the fourth quarter. TD Private Client Wealth LLC now owns 1,003 shares of the bank's stock valued at $53,000 after purchasing an additional 765 shares during the period. American Century Companies Inc. boosted its stake in shares of Toronto Dominion Bank by 7.0% in the fourth quarter. American Century Companies Inc. now owns 334,137 shares of the bank's stock valued at $17,789,000 after purchasing an additional 21,927 shares during the period. Congress Wealth Management LLC DE boosted its stake in shares of Toronto Dominion Bank by 55.2% in the fourth quarter. Congress Wealth Management LLC DE now owns 7,212 shares of the bank's stock valued at $384,000 after purchasing an additional 2,566 shares during the period. Murphy & Mullick Capital Management Corp purchased a new position in Toronto Dominion Bank in the fourth quarter worth approximately $39,000. Finally, UNIVEST FINANCIAL Corp lifted its stake in Toronto Dominion Bank by 6.1% in the fourth quarter. UNIVEST FINANCIAL Corp now owns 60,710 shares of the bank's stock worth $3,232,000 after acquiring an additional 3,501 shares during the last quarter. Hedge funds and other institutional investors own 52.37% of the company's stock.

Toronto Dominion Bank Price Performance

Shares of NYSE TD traded up $0.02 during mid-day trading on Thursday, reaching $74.88. The company's stock had a trading volume of 2,508,516 shares, compared to its average volume of 1,997,299. The stock has a 50-day moving average of $71.46 and a two-hundred day moving average of $63.58. The stock has a market capitalization of $128.83 billion, a P/E ratio of 10.98, a P/E/G ratio of 1.69 and a beta of 0.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.03. Toronto Dominion Bank has a 1-year low of $51.25 and a 1-year high of $75.58.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last released its quarterly earnings data on Thursday, May 22nd. The bank reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.14. Toronto Dominion Bank had a net margin of 13.53% and a return on equity of 13.11%. The firm had revenue of $10.97 billion during the quarter, compared to analysts' expectations of $13.36 billion. During the same period last year, the business earned $2.04 earnings per share. On average, equities research analysts anticipate that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be paid a $0.7568 dividend. This is a positive change 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 4.04%. Toronto Dominion Bank's dividend payout ratio (DPR) is presently 45.16%.

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.