Toronto Dominion Bank (The) (NYSE:TD) Given Consensus Rating of “Hold” by Brokerages

Shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) have earned a consensus rating of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $93.00.

Several brokerages have issued reports on TD. Wall Street Zen lowered shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Friday, September 26th. Royal Bank Of Canada raised shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Friday, October 3rd. Zacks Research lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Desjardins raised shares of Toronto Dominion Bank from a “hold” rating to a “buy” rating in a report on Wednesday, August 13th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, October 8th.

Toronto Dominion Bank Price Performance

NYSE:TD opened at $78.83 on Tuesday. The stock has a market cap of $134.08 billion, a P/E ratio of 9.21, a PEG ratio of 1.60 and a beta of 0.80. 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 company has a fifty day moving average price of $76.46 and a 200 day moving average price of $70.58. Toronto Dominion Bank has a one year low of $51.25 and a one year high of $82.08.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings results on Thursday, August 28th. The bank reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.45. The firm 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 revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.05 EPS. Analysts anticipate that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 10th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Friday, October 10th. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $0.76. Toronto Dominion Bank’s payout ratio is currently 35.75%.

Institutional Investors Weigh In On Toronto Dominion Bank

Large investors have recently made changes to their positions in the company. Larson Financial Group LLC grew its holdings in shares of Toronto Dominion Bank by 122.9% in the 1st quarter. Larson Financial Group LLC now owns 428 shares of the bank’s stock worth $26,000 after purchasing an additional 236 shares during the last quarter. Quaker Wealth Management LLC grew its holdings in shares of Toronto Dominion Bank by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 428 shares of the bank’s stock worth $31,000 after purchasing an additional 856 shares during the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new position in Toronto Dominion Bank during the 1st quarter worth about $32,000. Elevation Point Wealth Partners LLC acquired a new position in Toronto Dominion Bank during the 2nd quarter worth about $32,000. Finally, ORG Partners LLC acquired a new position in Toronto Dominion Bank during the 1st quarter worth about $34,000. Institutional investors own 52.37% of the company’s stock.

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.