BidaskClub downgraded shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) from a buy rating to a hold rating in a research report report published on Friday morning.

A number of other equities analysts also recently issued reports on TD. Zacks Investment Research downgraded shares of Toronto Dominion Bank (The) from a hold rating to a sell rating in a research note on Thursday, May 4th. National Bank Financial reiterated a sector perform overweight rating on shares of Toronto Dominion Bank (The) in a research note on Thursday, May 18th. Barclays PLC upgraded shares of Toronto Dominion Bank (The) from an underweight rating to an equal weight rating in a research note on Tuesday, May 23rd. Royal Bank Of Canada increased their price objective on shares of Toronto Dominion Bank (The) from $68.00 to $70.00 and gave the company a sector perform rating in a research note on Friday, May 26th. Finally, Canaccord Genuity started coverage on shares of Toronto Dominion Bank (The) in a research note on Tuesday, July 18th. They set a buy rating on the stock. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $61.71.

Toronto Dominion Bank (NYSE TD) traded down 0.39% during trading on Friday, hitting $51.34. 456,126 shares of the stock traded hands. The firm has a market cap of $94.64 billion, a PE ratio of 12.78 and a beta of 0.89. Toronto Dominion Bank has a 12 month low of $42.75 and a 12 month high of $54.44. The firm has a 50-day moving average price of $50.51 and a 200 day moving average price of $49.83.

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last released its quarterly earnings data on Thursday, May 25th. The bank reported $1.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.08. Toronto Dominion Bank (The) had a net margin of 22.56% and a return on equity of 14.09%. The firm had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $8.72 billion. During the same period last year, the firm earned $1.20 earnings per share. The company’s quarterly revenue was up 2.6% on a year-over-year basis. On average, equities analysts forecast that Toronto Dominion Bank will post $4.23 EPS for the current fiscal year.

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The company also recently announced a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Monday, July 10th were given a dividend of $0.444 per share. The ex-dividend date was Thursday, July 6th. This represents a $1.78 dividend on an annualized basis and a yield of 3.45%. Toronto Dominion Bank (The)’s payout ratio is 48.18%.

A number of large investors have recently bought and sold shares of the stock. FMR LLC boosted its position in Toronto Dominion Bank (The) by 0.9% in the first quarter. FMR LLC now owns 58,644,995 shares of the bank’s stock worth $2,937,432,000 after buying an additional 534,356 shares in the last quarter. TD Asset Management Inc. boosted its position in Toronto Dominion Bank (The) by 2.3% in the second quarter. TD Asset Management Inc. now owns 52,854,789 shares of the bank’s stock worth $2,659,630,000 after buying an additional 1,177,451 shares in the last quarter. Vanguard Group Inc. boosted its position in Toronto Dominion Bank (The) by 4.7% in the first quarter. Vanguard Group Inc. now owns 39,517,247 shares of the bank’s stock worth $1,979,418,000 after buying an additional 1,771,723 shares in the last quarter. Beutel Goodman & Co Ltd. boosted its position in Toronto Dominion Bank (The) by 4.0% in the first quarter. Beutel Goodman & Co Ltd. now owns 26,049,255 shares of the bank’s stock worth $1,302,551,000 after buying an additional 1,005,230 shares in the last quarter. Finally, Mawer Investment Management Ltd. boosted its position in Toronto Dominion Bank (The) by 1.8% in the first quarter. Mawer Investment Management Ltd. now owns 7,175,238 shares of the bank’s stock worth $620,288,000 after buying an additional 125,448 shares in the last quarter. 52.58% of the stock is owned by institutional investors.

About Toronto Dominion Bank (The)

Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.

Analyst Recommendations for Toronto Dominion Bank (The) (NYSE:TD)

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