The Toronto-Dominion Bank (NYSE:TD) had its price target upped by Citigroup Inc. from $65.00 to $67.00 in a report released on Wednesday morning. The brokerage currently has a buy rating on the stock.

Several other brokerages have also recently weighed in on TD. Zacks Investment Research raised The Toronto-Dominion Bank from a hold rating to a buy rating and set a $50.00 target price for the company in a research note on Tuesday, August 30th. TD Securities reaffirmed a buy rating and set a $64.00 target price (up previously from $61.00) on shares of The Toronto-Dominion Bank in a research note on Monday, August 29th. CIBC cut The Toronto-Dominion Bank from a sector outperform rating to a sector perform rating in a research note on Friday, August 26th. Canaccord Genuity cut The Toronto-Dominion Bank from a buy rating to a hold rating and set a $59.00 target price for the company. in a research note on Thursday, August 25th. Finally, Barclays PLC reaffirmed an underweight rating and set a $55.00 target price (up previously from $51.00) on shares of The Toronto-Dominion Bank in a research note on Sunday, August 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. The Toronto-Dominion Bank has an average rating of Buy and an average price target of $56.88.

The Toronto-Dominion Bank (NYSE:TD) opened at 43.28 on Wednesday. The stock’s 50 day moving average is $44.10 and its 200-day moving average is $43.29. The firm has a market cap of $80.28 billion, a P/E ratio of 12.64 and a beta of 0.98. The Toronto-Dominion Bank has a 1-year low of $33.49 and a 1-year high of $45.98.

The Toronto-Dominion Bank (NYSE:TD) last issued its quarterly earnings results on Thursday, August 25th. The company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.06. The company had revenue of $8.70 billion for the quarter. The Toronto-Dominion Bank had a return on equity of 13.56% and a net margin of 21.02%. The Toronto-Dominion Bank’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period last year, the business posted $1.20 earnings per share. Analysts forecast that The Toronto-Dominion Bank will post $3.68 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Friday, October 7th will be given a dividend of $0.4249 per share. The ex-dividend date is Wednesday, October 5th. This is a positive change from The Toronto-Dominion Bank’s previous quarterly dividend of $0.42. This represents a $1.70 dividend on an annualized basis and a yield of 3.93%. The Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 50.45%.

A number of large investors have recently made changes to their positions in TD. FMR LLC raised its stake in shares of The Toronto-Dominion Bank by 3.8% in the second quarter. FMR LLC now owns 57,568,364 shares of the company’s stock worth $2,472,148,000 after buying an additional 2,087,701 shares during the last quarter. Vanguard Group Inc. increased its stake in The Toronto-Dominion Bank by 12.7% in the second quarter. Vanguard Group Inc. now owns 35,352,663 shares of the company’s stock worth $1,517,691,000 after buying an additional 3,986,015 shares during the period. Beutel Goodman & Co Ltd. increased its stake in The Toronto-Dominion Bank by 5.5% in the second quarter. Beutel Goodman & Co Ltd. now owns 26,288,956 shares of the company’s stock worth $1,121,156,000 after buying an additional 1,359,600 shares during the period. Capital World Investors increased its stake in The Toronto-Dominion Bank by 29.2% in the second quarter. Capital World Investors now owns 17,915,000 shares of the company’s stock worth $769,321,000 after buying an additional 4,045,000 shares during the period. Finally, 1832 Asset Management L.P. increased its stake in The Toronto-Dominion Bank by 4.0% in the second quarter. 1832 Asset Management L.P. now owns 17,518,117 shares of the company’s stock worth $1,111,542,000 after buying an additional 669,646 shares during the period. Hedge funds and other institutional investors own 51.81% of the company’s stock.

About The Toronto-Dominion Bank

The Toronto-Dominion Bank (the Bank) operates as a bank in North America. The Bank conducts its business through segments, such as Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. Canadian Retail provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses, including credit cards, auto finance, wealth and insurance businesses.

5 Day Chart for NYSE:TD

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