Toronto Dominion Bank (The) (NYSE:TD) Receives $93.00 Consensus PT from Analysts

Shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) have been given an average rating of “Moderate Buy” by the nine analysts that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $93.00.

Several research firms recently issued reports on TD. National Bank Financial raised shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Wednesday, January 21st. Jefferies Financial Group cut Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Raymond James Financial upgraded Toronto Dominion Bank to a “hold” rating in a research note on Monday, November 24th. Finally, Wall Street Zen cut Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Saturday, January 10th.

Hedge Funds Weigh In On Toronto Dominion Bank

A number of large investors have recently bought and sold shares of the business. Main Line Retirement Advisors LLC raised its holdings in Toronto Dominion Bank by 0.9% during the 4th quarter. Main Line Retirement Advisors LLC now owns 12,152 shares of the bank’s stock worth $1,145,000 after buying an additional 109 shares during the period. Rosenberg Matthew Hamilton increased its position in shares of Toronto Dominion Bank by 8.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 1,489 shares of the bank’s stock worth $140,000 after acquiring an additional 118 shares in the last quarter. Richardson Financial Services Inc. increased its position in shares of Toronto Dominion Bank by 12.4% in the fourth quarter. Richardson Financial Services Inc. now owns 1,104 shares of the bank’s stock worth $104,000 after acquiring an additional 122 shares in the last quarter. Commons Capital LLC raised its holdings in shares of Toronto Dominion Bank by 0.7% during the third quarter. Commons Capital LLC now owns 18,251 shares of the bank’s stock valued at $1,459,000 after acquiring an additional 134 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its position in shares of Toronto Dominion Bank by 4.8% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,912 shares of the bank’s stock valued at $233,000 after acquiring an additional 134 shares in the last quarter. Institutional investors own 52.37% of the company’s stock.

Toronto Dominion Bank Stock Performance

Shares of TD stock opened at $97.33 on Monday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09. The company has a market cap of $163.36 billion, a PE ratio of 11.55, a P/E/G ratio of 1.35 and a beta of 0.67. The company’s fifty day simple moving average is $93.72 and its 200-day simple moving average is $83.70. Toronto Dominion Bank has a 52 week low of $54.87 and a 52 week high of $99.04.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings results on Thursday, December 4th. The bank reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.10. The firm had revenue of $11.44 billion during the quarter, compared to the consensus estimate of $10.10 billion. Toronto Dominion Bank had a return on equity of 13.90% and a net margin of 16.52%.The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.72 EPS. As a group, equities research analysts anticipate that Toronto Dominion Bank will post 5.48 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, January 31st. Shareholders of record on Friday, January 9th were paid a dividend of $1.08 per share. The ex-dividend date was Friday, January 9th. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.05. This represents a $4.32 annualized dividend and a yield of 4.4%. Toronto Dominion Bank’s payout ratio is presently 37.37%.

Toronto Dominion Bank Company Profile

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.