Toronto-Dominion Bank (NYSE:TD) (TSE:TD) has been given a consensus rating of “Hold” by the nine ratings firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $87.00.
Several analysts recently issued reports on TD shares. Royal Bank of Canada restated a “hold” rating on shares of Toronto-Dominion Bank in a report on Monday, December 3rd. TheStreet lowered shares of Toronto-Dominion Bank from a “b-” rating to a “c” rating in a report on Thursday, November 29th. Zacks Investment Research lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Friday, November 9th. Canaccord Genuity restated a “buy” rating on shares of Toronto-Dominion Bank in a report on Thursday, November 22nd. Finally, ValuEngine downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 7th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TD. First Manhattan Co. grew its position in shares of Toronto-Dominion Bank by 106.9% during the third quarter. First Manhattan Co. now owns 1,970 shares of the bank’s stock worth $119,000 after buying an additional 1,018 shares in the last quarter. Huntington National Bank grew its position in shares of Toronto-Dominion Bank by 216.9% during the third quarter. Huntington National Bank now owns 2,114 shares of the bank’s stock worth $129,000 after buying an additional 1,447 shares in the last quarter. Quad Cities Investment Group LLC acquired a new position in shares of Toronto-Dominion Bank during the second quarter worth about $139,000. Klingenstein Fields & Co. LLC acquired a new position in shares of Toronto-Dominion Bank during the third quarter worth about $200,000. Finally, Marble Harbor Investment Counsel LLC acquired a new position in shares of Toronto-Dominion Bank during the second quarter worth about $206,000. 47.92% of the stock is owned by institutional investors.
TD traded down $0.30 on Monday, hitting $52.49. The company had a trading volume of 1,926,972 shares, compared to its average volume of 1,232,356. The firm has a market cap of $96.82 billion, a P/E ratio of 10.44, a price-to-earnings-growth ratio of 1.31 and a beta of 1.02. Toronto-Dominion Bank has a 1 year low of $51.96 and a 1 year high of $62.00. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.12.
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings data on Thursday, November 29th. The bank reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.40. The firm had revenue of $10.12 billion for the quarter, compared to analyst estimates of $9.31 billion. Toronto-Dominion Bank had a net margin of 21.27% and a return on equity of 16.78%. Toronto-Dominion Bank’s revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.36 EPS. Equities research analysts forecast that Toronto-Dominion Bank will post 5.25 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Thursday, January 10th will be given a $0.509 dividend. This represents a $2.04 annualized dividend and a yield of 3.88%. The ex-dividend date is Wednesday, January 9th. Toronto-Dominion Bank’s dividend payout ratio is currently 41.35%.
About Toronto-Dominion Bank
The Toronto-Dominion Bank engages in providing financial products and services. It operates through the following business segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The Canadian Retail segment offers various financial products and services, as well as telephone, Internet, and mobile banking services.
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