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

Shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) have received an average recommendation of “Hold” from the ten ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $80.50.

A number of research firms recently commented on TD. Jefferies Financial Group downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, February 18th. Desjardins downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. BMO Capital Markets raised shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. StockNews.com lowered Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Monday, February 24th. Finally, Bank of America raised Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a report on Friday, January 17th.

Institutional Trading of Toronto-Dominion Bank

A number of institutional investors and hedge funds have recently made changes to their positions in TD. Dunhill Financial LLC lifted its position in shares of Toronto-Dominion Bank by 164.9% during the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock valued at $25,000 after buying an additional 249 shares in the last quarter. Lee Danner & Bass Inc. acquired a new position in Toronto-Dominion Bank during the fourth quarter worth $27,000. Bank of Jackson Hole Trust purchased a new position in Toronto-Dominion Bank during the fourth quarter valued at $32,000. CoreCap Advisors LLC grew its position in shares of Toronto-Dominion Bank by 57.5% in the fourth quarter. CoreCap Advisors LLC now owns 630 shares of the bank’s stock valued at $34,000 after purchasing an additional 230 shares during the period. Finally, Versant Capital Management Inc increased its stake in shares of Toronto-Dominion Bank by 40.0% during the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock worth $37,000 after purchasing an additional 200 shares in the last quarter. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Stock Performance

Shares of TD opened at $59.96 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a 50-day moving average of $58.35 and a two-hundred day moving average of $57.64. The stock has a market cap of $105.07 billion, a P/E ratio of 17.28, a P/E/G ratio of 1.95 and a beta of 0.83. Toronto-Dominion Bank has a one year low of $51.25 and a one year high of $64.91.

Toronto-Dominion Bank Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be issued a $0.7278 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.91 dividend on an annualized basis and a yield of 4.85%. Toronto-Dominion Bank’s payout ratio is 85.29%.

About Toronto-Dominion Bank

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.