Toronto Dominion Bank (The) (NYSE:TD) Given Average Rating of “Moderate Buy” by Analysts

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) has received a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $93.00.

A number of equities analysts have recently commented on TD shares. National Bank Financial raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 18th. Wall Street Zen upgraded Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research note on Monday, March 2nd. Zacks Research upgraded Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Jefferies Financial Group lowered Toronto Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. Finally, Canadian Imperial Bank of Commerce lowered Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th.

Institutional Trading of Toronto Dominion Bank

Several institutional investors and hedge funds have recently bought and sold shares of the company. Auto Owners Insurance Co grew its position in shares of Toronto Dominion Bank by 9,320.0% during the 4th quarter. Auto Owners Insurance Co now owns 3,965,443 shares of the bank’s stock valued at $396,544,000 after purchasing an additional 3,923,347 shares in the last quarter. Bayban purchased a new stake in shares of Toronto Dominion Bank in the fourth quarter worth $28,000. Pure Financial Advisors LLC bought a new stake in Toronto Dominion Bank during the fourth quarter valued at $409,000. Rehmann Capital Advisory Group purchased a new position in Toronto Dominion Bank during the fourth quarter worth about $466,000. Finally, SHP Wealth Management purchased a new position in Toronto Dominion Bank during the fourth quarter worth about $623,000. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Toronto Dominion Bank Stock Performance

NYSE TD opened at $95.84 on Friday. The firm has a market cap of $160.17 billion, a P/E ratio of 10.59, a price-to-earnings-growth ratio of 1.09 and a beta of 0.66. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.09. The company’s 50 day moving average is $95.47 and its 200-day moving average is $86.85. Toronto Dominion Bank has a 12-month low of $54.87 and a 12-month high of $99.84.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings data on Thursday, February 26th. The bank reported $1.76 EPS for the quarter, topping the consensus estimate of $1.63 by $0.13. Toronto Dominion Bank had a net margin of 17.52% and a return on equity of 14.29%. The company had revenue of $11.01 billion during the quarter, compared to the consensus estimate of $10.43 billion. During the same period last year, the firm earned $2.02 EPS. Toronto Dominion Bank’s revenue for the quarter was up 18.1% on a year-over-year basis. Sell-side analysts predict that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 9th will be paid a dividend of $1.08 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $4.32 annualized dividend and a yield of 4.5%. Toronto Dominion Bank’s payout ratio is currently 34.81%.

About Toronto Dominion Bank

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.