Shares of Toronto-Dominion Bank (NYSE:TD) (TSE:TD) have been given a consensus rating of “Hold” by the nine brokerages that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $87.00.
Several equities research analysts have recently commented on the company. Zacks Investment Research cut Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, August 15th. Barclays restated a “hold” rating on shares of Toronto-Dominion Bank in a research note on Thursday, November 29th. ValuEngine cut Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 7th. Canaccord Genuity restated a “buy” rating on shares of Toronto-Dominion Bank in a research note on Friday, November 30th. Finally, TheStreet upgraded Toronto-Dominion Bank from a “c+” rating to a “b” rating in a research note on Tuesday, September 4th.
NYSE TD traded down $0.30 on Monday, reaching $52.49. The stock had a trading volume of 1,926,972 shares, compared to its average volume of 1,232,356. 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 has a 12-month low of $51.96 and a 12-month high of $62.00. The stock has a market cap of $96.82 billion, a P/E ratio of 10.44, a P/E/G ratio of 1.31 and a beta of 1.02.
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 for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.40. Toronto-Dominion Bank had a return on equity of 16.78% and a net margin of 21.27%. The company had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $9.31 billion. During the same quarter in the previous year, the business earned $1.36 earnings per share. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. As a group, research analysts predict that Toronto-Dominion Bank will post 5.25 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 31st. Stockholders of record on Thursday, January 10th will be paid a dividend of $0.509 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.88%. The ex-dividend date of this dividend is Wednesday, January 9th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 41.35%.
Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Toronto-Dominion Bank by 2.7% in the third quarter. Vanguard Group Inc. now owns 47,982,817 shares of the bank’s stock worth $2,917,356,000 after acquiring an additional 1,273,742 shares in the last quarter. FIL Ltd raised its position in Toronto-Dominion Bank by 8.6% in the third quarter. FIL Ltd now owns 36,739,701 shares of the bank’s stock worth $2,232,570,000 after acquiring an additional 2,900,086 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in Toronto-Dominion Bank by 3.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 19,226,465 shares of the bank’s stock worth $1,167,480,000 after acquiring an additional 576,340 shares in the last quarter. Great West Life Assurance Co. Can raised its position in Toronto-Dominion Bank by 0.7% in the second quarter. Great West Life Assurance Co. Can now owns 17,918,703 shares of the bank’s stock worth $1,040,423,000 after acquiring an additional 119,426 shares in the last quarter. Finally, CIBC Asset Management Inc raised its position in Toronto-Dominion Bank by 0.7% in the third quarter. CIBC Asset Management Inc now owns 17,745,849 shares of the bank’s stock worth $1,077,525,000 after acquiring an additional 118,913 shares in the last quarter. Institutional investors and hedge funds own 47.92% of the company’s stock.
Toronto-Dominion Bank Company Profile
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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