Toronto Dominion Bank (The) (NYSE:TD) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• The consensus recommendation for Toronto Dominion Bank (NYSE: TD) by analysts is a "Hold," with one sell, three hold, and five buy ratings among the nine firms covering the stock.
• Toronto Dominion Bank recently increased its quarterly dividend to $1.05 per share, up from $0.76, marking a dividend yield of 5.2% for investors.
• The bank reported quarterly earnings of $1.91 per share, exceeding analyst estimates of $1.46, though revenue came in lower than expectations at $10.12 billion.

Shares of Toronto Dominion Bank (The) (NYSE:TD - Get Free Report) TSE: TD have been given a consensus recommendation of "Hold" by the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $93.00.

TD has been the topic of several research analyst reports. Desjardins upgraded shares of Toronto Dominion Bank from a "hold" rating to a "buy" rating in a research report on Wednesday, August 13th. Wall Street Zen lowered shares of Toronto Dominion Bank from a "hold" rating to a "sell" rating in a research report on Friday, September 26th. Zacks Research lowered shares of Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Royal Bank Of Canada upgraded shares of Toronto Dominion Bank from a "sector perform" rating to an "outperform" rating in a research report on Friday. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Toronto Dominion Bank in a research report on Saturday, September 27th.

Toronto Dominion Bank Stock Performance

NYSE TD opened at $81.24 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market capitalization of $138.17 billion, a price-to-earnings ratio of 9.49, a P/E/G ratio of 1.66 and a beta of 0.80. The company's fifty day moving average is $75.81 and its two-hundred day moving average is $69.92. Toronto Dominion Bank has a 52-week low of $51.25 and a 52-week high of $82.08.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last posted its quarterly earnings results on Thursday, August 28th. The bank reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.45. The company had revenue of $10.12 billion for the quarter, compared to analyst estimates of $13.73 billion. Toronto Dominion Bank had a net margin of 16.40% and a return on equity of 13.59%. The business's quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the business posted $2.05 EPS. Equities research analysts forecast that Toronto Dominion Bank will post 5.48 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 10th will be given a dividend of $1.05 per share. This is an increase from Toronto Dominion Bank's previous quarterly dividend of $0.76. The ex-dividend date is Friday, October 10th. This represents a $4.20 annualized dividend and a dividend yield of 5.2%. Toronto Dominion Bank's dividend payout ratio (DPR) is presently 36.10%.

Institutional Trading of Toronto Dominion Bank

Institutional investors have recently made changes to their positions in the business. Oppenheimer & Co. Inc. boosted its position in Toronto Dominion Bank by 144.6% in the first quarter. Oppenheimer & Co. Inc. now owns 11,532 shares of the bank's stock valued at $691,000 after buying an additional 6,818 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Toronto Dominion Bank by 41.9% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 4,407,273 shares of the bank's stock valued at $264,134,000 after buying an additional 1,302,281 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Toronto Dominion Bank by 38.6% in the first quarter. JPMorgan Chase & Co. now owns 9,994,402 shares of the bank's stock valued at $599,064,000 after buying an additional 2,780,984 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Toronto Dominion Bank by 7.0% in the first quarter. Bank of New York Mellon Corp now owns 1,606,446 shares of the bank's stock valued at $96,290,000 after buying an additional 104,864 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in Toronto Dominion Bank by 1.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 12,396,341 shares of the bank's stock valued at $743,037,000 after buying an additional 181,781 shares in the last quarter. 52.37% of the stock is currently owned by institutional investors and hedge funds.

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.

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