Research Analysts’ Recent Ratings Updates for Toronto-Dominion Bank (TD)

Toronto-Dominion Bank (NYSE: TD) has recently received a number of price target changes and ratings updates:

• 12/19/2024 – Toronto-Dominion Bank was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating.
• 12/17/2024 – Toronto-Dominion Bank was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 12/12/2024 – Toronto-Dominion Bank was upgraded by analysts at Jefferies Financial Group Inc. from a “hold” rating to a “buy” rating.
• 12/9/2024 – Toronto-Dominion Bank was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 12/6/2024 – Toronto-Dominion Bank had its price target lowered by analysts at Royal Bank of Canada from $82.00 to $77.00. They now have a “sector perform” rating on the stock.
• 12/6/2024 – Toronto-Dominion Bank was downgraded by analysts at Scotiabank from a “sector outperform” rating to a “sector perform” rating.
• 12/6/2024 – Toronto-Dominion Bank was downgraded by analysts at Desjardins from a “buy” rating to a “hold” rating.
• 11/21/2024 – Toronto-Dominion Bank was downgraded by analysts at Barclays PLC from an “equal weight” rating to an “underweight” rating.

Toronto-Dominion Bank Price Performance

Toronto-Dominion Bank stock traded up $0.45 during mid-day trading on Tuesday, hitting $53.06. 747,652 shares of the company traded hands, compared to its average volume of 2,701,342. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.02 and a current ratio of 1.03. The Toronto-Dominion Bank has a one year low of $51.25 and a one year high of $65.12. The stock has a market cap of $92.87 billion, a price-to-earnings ratio of 15.29, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. The stock has a fifty day moving average price of $55.29 and a 200-day moving average price of $57.43.

Toronto-Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 10th will be given a dividend of $0.7482 per share. This represents a $2.99 annualized dividend and a yield of 5.64%. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend is Friday, January 10th. Toronto-Dominion Bank’s dividend payout ratio is presently 89.34%.

Institutional Trading of Toronto-Dominion Bank

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Dunhill Financial LLC boosted its stake 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 purchasing an additional 249 shares in the last quarter. Kimelman & Baird LLC bought a new stake in Toronto-Dominion Bank during the 2nd quarter valued at approximately $49,000. Morse Asset Management Inc purchased a new position in shares of Toronto-Dominion Bank during the 3rd quarter worth approximately $63,000. Eastern Bank bought a new position in shares of Toronto-Dominion Bank in the 3rd quarter worth approximately $66,000. Finally, Hexagon Capital Partners LLC lifted its stake in shares of Toronto-Dominion Bank by 18.5% in the 3rd quarter. Hexagon Capital Partners LLC now owns 1,337 shares of the bank’s stock valued at $85,000 after purchasing an additional 209 shares during the period. Institutional investors own 52.37% of the company’s stock.

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.