Toronto Dominion Bank (NYSE:TD) Reaches New 12-Month High – Should You Buy?

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $92.12 and last traded at $92.1760, with a volume of 268918 shares. The stock had previously closed at $91.42.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on TD shares. Weiss Ratings restated a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday, October 8th. Raymond James Financial raised shares of Toronto Dominion Bank to a “hold” rating in a report on Monday, November 24th. Jefferies Financial Group cut shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. Wall Street Zen upgraded shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Finally, Royal Bank Of Canada upgraded shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 3rd. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Toronto Dominion Bank has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

Toronto Dominion Bank Stock Down 0.9%

The stock has a market cap of $153.51 billion, a P/E ratio of 10.78, a price-to-earnings-growth ratio of 1.28 and a beta of 0.69. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09. The stock’s 50-day moving average is $82.96 and its 200-day moving average is $77.44.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings results 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 company had revenue of $11.44 billion during the quarter, compared to analyst estimates 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 for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.72 EPS. As a group, research analysts anticipate that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, January 31st. Stockholders of record on Friday, January 9th will be given a dividend of $1.08 per share. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.05. The ex-dividend date is Friday, January 9th. This represents a $4.32 annualized dividend and a dividend yield of 4.8%. Toronto Dominion Bank’s payout ratio is 35.82%.

Institutional Trading of Toronto Dominion Bank

Several institutional investors have recently modified their holdings of TD. True Wealth Design LLC bought a new stake in Toronto Dominion Bank in the third quarter worth about $27,000. Mather Group LLC. acquired a new position in shares of Toronto Dominion Bank in the 3rd quarter worth approximately $30,000. Sachetta LLC bought a new stake in shares of Toronto Dominion Bank in the 3rd quarter worth approximately $33,000. Quaker Wealth Management LLC raised 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 in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new stake in Toronto Dominion Bank during the second quarter valued at approximately $32,000. Institutional investors and hedge funds 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.