Toronto-Dominion Bank (NYSE:TD) Cut to Hold at Jefferies Financial Group

Jefferies Financial Group lowered shares of Toronto-Dominion Bank (NYSE:TD) (TSE:TD) from a buy rating to a hold rating in a research report report published on Tuesday morning, MarketBeat reports.

TD has been the topic of a number of other reports. Barclays downgraded Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. Scotiabank downgraded Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday, December 6th. Royal Bank of Canada lowered their price target on Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating on the stock in a report on Friday, December 6th. Bank of America raised Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. Finally, StockNews.com raised Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Toronto-Dominion Bank presently has an average rating of “Hold” and a consensus target price of $80.50.

Toronto-Dominion Bank Trading Up 0.3 %

Toronto-Dominion Bank stock opened at $59.96 on Tuesday. The company has a market capitalization of $104.95 billion, a price-to-earnings ratio of 17.28, a price-to-earnings-growth ratio of 1.86 and a beta of 0.84. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11. Toronto-Dominion Bank has a 12 month low of $51.25 and a 12 month high of $64.91. The business’s fifty day simple moving average is $55.50 and its two-hundred day simple moving average is $57.45.

Toronto-Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 10th were given a dividend of $0.7482 per share. This represents a $2.99 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date was Friday, January 10th. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. Toronto-Dominion Bank’s dividend payout ratio is 84.15%.

Institutional Trading of Toronto-Dominion Bank

A number of hedge funds have recently bought and sold shares of TD. Creative Planning increased its position in Toronto-Dominion Bank by 9.8% during the third quarter. Creative Planning now owns 144,251 shares of the bank’s stock valued at $9,125,000 after acquiring an additional 12,879 shares during the last quarter. Bleakley Financial Group LLC increased its position in Toronto-Dominion Bank by 5.2% in the third quarter. Bleakley Financial Group LLC now owns 8,381 shares of the bank’s stock worth $530,000 after buying an additional 415 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Toronto-Dominion Bank by 2.8% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 22,679 shares of the bank’s stock worth $1,435,000 after buying an additional 610 shares in the last quarter. Blue Trust Inc. increased its position in Toronto-Dominion Bank by 334.4% in the third quarter. Blue Trust Inc. now owns 2,737 shares of the bank’s stock worth $173,000 after buying an additional 2,107 shares in the last quarter. Finally, Wealth Effects LLC purchased a new stake in Toronto-Dominion Bank in the third quarter worth about $206,000. Hedge funds and other 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.