Toronto Dominion Bank (The) (NYSE:TD) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) have received an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $93.00.

TD has been the topic of several recent analyst reports. Wall Street Zen downgraded Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Saturday, January 10th. National Bank Financial raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 18th. Jefferies Financial Group cut shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Weiss Ratings restated a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Wednesday, October 8th. Finally, Natl Bk Canada raised shares of Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 17th.

Toronto Dominion Bank Stock Performance

Shares of TD opened at $93.65 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03. Toronto Dominion Bank has a one year low of $54.14 and a one year high of $96.44. The firm has a market capitalization of $158.22 billion, a PE ratio of 11.11, a price-to-earnings-growth ratio of 1.31 and a beta of 0.67. The company has a 50-day simple moving average of $88.62 and a two-hundred day simple moving average of $80.79.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, December 4th. The bank reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.10. The business had revenue of $11.44 billion for the quarter, compared to analysts’ expectations of $10.10 billion. Toronto Dominion Bank had a net margin of 16.52% and a return on equity of 13.90%. The business’s revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.72 earnings per share. On average, analysts anticipate that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, January 31st. Investors of record on Friday, January 9th will be given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 4.6%. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.05. The ex-dividend date is Friday, January 9th. Toronto Dominion Bank’s dividend payout ratio (DPR) is currently 37.37%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. True Wealth Design LLC purchased a new stake in shares of Toronto Dominion Bank during the 3rd quarter valued at about $27,000. Mather Group LLC. purchased a new stake in Toronto Dominion Bank during the third quarter valued at approximately $30,000. Sachetta LLC purchased a new stake in Toronto Dominion Bank during the third quarter valued at approximately $33,000. Quaker Wealth Management LLC raised its position in Toronto Dominion Bank by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 428 shares of the bank’s stock worth $31,000 after acquiring an additional 856 shares during the period. Finally, Elevation Point Wealth Partners LLC purchased a new position in shares of Toronto Dominion Bank during the 2nd quarter worth $32,000. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto Dominion Bank Company Profile

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.