Analysts Set The Toronto-Dominion Bank (NYSE:TD) PT at $80.50

Shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) have been given a consensus recommendation of “Hold” by the ten ratings firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $80.50.

A number of equities research analysts recently issued reports on the company. BMO Capital Markets upgraded Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 19th. Jefferies Financial Group downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. StockNews.com cut shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Monday, February 24th. Finally, Bank of America upgraded shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research report on Friday, January 17th.

Hedge Funds Weigh In On Toronto-Dominion Bank

Hedge funds have recently made changes to their positions in the business. Frank Rimerman Advisors LLC lifted its position in shares of Toronto-Dominion Bank by 3.2% in the 4th quarter. Frank Rimerman Advisors LLC now owns 5,446 shares of the bank’s stock worth $290,000 after purchasing an additional 171 shares during the period. MFA Wealth Services lifted its holdings in Toronto-Dominion Bank by 4.5% in the first quarter. MFA Wealth Services now owns 4,179 shares of the bank’s stock worth $250,000 after buying an additional 179 shares during the period. Passumpsic Savings Bank boosted its position in Toronto-Dominion Bank by 2.6% during the 3rd quarter. Passumpsic Savings Bank now owns 7,530 shares of the bank’s stock valued at $476,000 after acquiring an additional 194 shares in the last quarter. Versant Capital Management Inc boosted its position in Toronto-Dominion Bank by 40.0% during the 4th quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock valued at $37,000 after acquiring an additional 200 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of Toronto-Dominion Bank by 14.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,619 shares of the bank’s stock worth $97,000 after acquiring an additional 202 shares during the period. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Price Performance

Shares of NYSE:TD opened at $60.67 on Tuesday. Toronto-Dominion Bank has a 12 month low of $51.25 and a 12 month high of $64.91. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11. The stock has a market cap of $106.31 billion, a P/E ratio of 17.48, a P/E/G ratio of 1.95 and a beta of 0.73. The company has a 50 day moving average of $59.25 and a 200 day moving average of $57.19.

Toronto-Dominion Bank Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be issued a $0.7278 dividend. This represents a $2.91 annualized dividend and a yield of 4.80%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 85.59%.

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.