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

Shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) have been assigned an average recommendation of “Hold” from the ten ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $80.50.

A number of research analysts have recently issued reports on the company. Jefferies Financial Group cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. StockNews.com cut Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Monday. Royal Bank of Canada lowered their price objective on Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating for the company in a research report on Friday, December 6th. BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. Finally, Bank of America upgraded shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a report on Friday, January 17th.

Toronto-Dominion Bank Price Performance

Shares of Toronto-Dominion Bank stock opened at $59.69 on Monday. The stock has a market capitalization of $104.59 billion, a price-to-earnings ratio of 17.20, a price-to-earnings-growth ratio of 1.95 and a beta of 0.84. The company has a fifty day moving average of $56.46 and a 200-day moving average of $57.61. Toronto-Dominion Bank has a 52-week low of $51.25 and a 52-week high of $64.91. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.03 and a current ratio of 1.03.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were given a dividend of $0.7482 per share. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. This represents a $2.99 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date of this dividend was Friday, January 10th. Toronto-Dominion Bank’s payout ratio is presently 83.86%.

Institutional Investors Weigh In On Toronto-Dominion Bank

Several institutional investors and hedge funds have recently modified their holdings of the stock. Dunhill Financial LLC raised its stake in Toronto-Dominion Bank by 164.9% in the third quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock worth $25,000 after buying an additional 249 shares in the last quarter. Lee Danner & Bass Inc. purchased a new position in shares of Toronto-Dominion Bank during the 4th quarter worth approximately $27,000. Bank of Jackson Hole Trust bought a new position in shares of Toronto-Dominion Bank in the 4th quarter worth approximately $32,000. CoreCap Advisors LLC lifted its stake in shares of Toronto-Dominion Bank by 57.5% in the 4th 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 boosted its position 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 valued at $37,000 after purchasing an additional 200 shares in the last quarter. 52.37% of the stock is owned by hedge funds and other institutional investors.

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.